Chinese Government provides $6.8 million USD loan for North Kordofan Solar Energy Project (Linked to #47044)
Commitment amount
$ 12215191.501285091
Adjusted commitment amount
$ 12215191.5
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Sudan
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2007, the Chinese Government and the Government of Sudan signed a $6,788,992 USD loan agreement for the North Kordofan Solar Energy Project. This loan carried a 5% interest rate, 3.5-year repayment period, and an unknown grace period. All other project details are unknown. In 2006, China Eximbank provided an additional $4.6 million USD loan for the same project (see Project #47044).
Additional details
In the database of Chinese loan commitments released by SAIS-CARI, the maturity of the loan is recorded as 3.5 years; however, AidData relies on the Bank of Sudan Government source, which states that this is the repayment period.
Number of official sources
3
Number of total sources
3
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
Sudan Ministry of Energy and Mineral Resources [Government Agency]
Loan Details
Interest rate
5.0%