Project ID: 52985

MOU with China National Machinery Engineering Co., Ltd. for technical studies for the construction of an interconnected grid in CEMAC region

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This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

China National Machinery Industry Corporation (Sinomach) [State-owned Company]

Recipient

Equatorial Guinea

Sector

Energy (Code: 230)

Flow type

Vague TBD

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2015-04-30

Description

During a historic visit to China the Government of Equatorial Guinea, represented by the Ministry of Mines, Industry and Energy, has announced the signing of multiple memoranda of understanding on April 30, 2015 with Chinese companies covering large areas of cooperation in the electricity and industrial sectors. The agreements were made during the Equatorial Guinea-Asia Economic Forum, hosted by the Government of Equatorial Guinea at the Shangri-La Hotel, in Dalian. The economic forum was organized in Dalian to introduce investment opportunities in Equatorial Guinea to Chinese companies. On April 30, 2015, the Government of Equatorial Guinea signed a Memorandum of Understanding (MOU) agreement with China National Machinery Engineering Co., Ltd. to conduct technical and financial feasibility studies for the construction of an interconnected grid in the Central African Economic and Monetary Community (CEMAC) region. Other memoranda of understanding signed on April 30, 2015 include: #52983- MOU for planning and development of the Petroleum Industrial City of Luba with China State Construction Engineering Corporation #52984- MOU with SinoHydro for feasibility study on the construction of a hydroelectric power plant on the Wele River #52982- MOU with China Dalian International Cooperation Group for feasibility study of Mbini Industrial Zone #52986- MOU with China National Machinery Engineering Co., Ltd. for technical and financial feasibility studies for the construction of a combined cycle 100 MW power plant in Kogo #52987- MOU with China National Machinery Engineering Co., Ltd. for feasibility studies for construction of street lamps in Mbini Industrial City

Additional details

Number of official sources

1

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Equatorial Guinea [Government Agency]

Implementing agencies [Type]

China National Machinery Industry Corporation (Sinomach) [State-owned Company]