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Overview

China Eximbank provides RMB 37.5 million loan to Central Electricity Board (CEB) of Mauritius

Commitments (Constant USD, 2023)$6,592,661
Commitment Year•2011Country of Activity•MauritiusDirect Recipient Country of Incorporation•MauritiusSector•EnergyFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2011

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Mauritius

Implementing agencies

State-owned companies

  • Central Electricity Board (CEB), State-Owned Company

Loan description

China Eximbank provides RMB 37.5 million loan to Central Electricity Board (CEB) of Mauritius

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

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.