China Eximbank provides RMB 37.5 million loan to Central Electricity Board (CEB) of Mauritius
Commitment amount
$ 7134362.849566488
Adjusted commitment amount
$ 7134362.85
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Mauritius
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In a 2011 Statement of Contingent Liabilities, the Government of Mauritius identified an RMB 37,500,000 outstanding debt obligation of the Central Electricity Board (CEB) of Mauritius to China Eximbank. The Central Electricity Board (CEB) is a parastatal body that is wholly owned by the Government of Mauritius. It operates under the aegis of the Ministry of Energy and Public Utilities and its mission is to "prepare and carry out development schemes with the general object of promoting, coordinating and improving the generation, transmission, distribution and sale of electricity" in Mauritius. The exact date on which this loan was contracted is unknown. It is also unclear how the proceeds of the loan were used by CEB.
Additional details
The original face value of the loan may have been larger than RMB 37.5 million, as this value refers to the outstanding balance of the loan as of December 31, 2011. The initial loan amount may have been greater than the listed transaction amount. The listed amount is what was outstanding as of 2011.
Number of official sources
2
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Mauritius [Government Agency]
Implementing agencies [Type]
Central Electricity Board (CEB), State-Owned Company [State-owned Company]