China Eximbank provides $130 million preferential buyer's credit for N’Djamena-Djermaya 66kV High Voltage Electricity Transmission Line and 90kV N'Djamena Power Transmission Loop and Distribution Network Project (Linked to Project ID#56308)

In 2011, China Eximbank and the Government of Chad signed a $130 million (CFA 83,992,912,730) preferential buyer’s credit (PBC) agreement for the N’Djamena-Djermaya 66kV High Voltage Electricity Transmission Line and 90kV N'Djamena Power Transmission Loop and Distribution Network Project. The borrowing terms of this loan are unknown. The proceeds of the loan were to be used by the borrower to finance 70% of the cost of two commercial (EPC) contracts worth approximately $185 million between the Government of Chad and China Machinery Engineering Corporation (CMEC), which were signed in April 2010. The project consisted of three components: the construction of a 40km, 66kv transmission line between Djarmaya (Djermaya) oil refinery and the substation in Lamadji; the construction of the 60MW Farcha II power plant (Centrale électrique de Farcha); and the construction of a 90kv electricity transmission loop around the city of N'Djamena (connecting the 60MW Farcha II power plant and the Lamadji, Djambalbar, and Garan-Gousso substations). CMEC was the EPC contractor responsible for implementation. On March 18, 2011, a groundbreaking ceremony was held. Chad’s President Deby, Prime Minister Dingal, and Chinese Ambassador to Chad Yang Guangyu attended the ceremony. On March 4, 2013, the Djarmaya-N’Djamena 66KV transmission line project subcomponent was officially completed. Then, on January 2, 2014, the Garan-Gousso substation and the 90kV transmission line from the 60MW Farcha II power plant to Garan-Gousso substation passed a 24-hour trial run. Roughly one year later, on January 29, 2015, power transmission began on the 90kV N'Djamena ring network.

Additional details

1. Sources disagree about the face value of the PBC. Some official sources indicate that 70% of the cost of the $199 million commercial contract with CMEC ($139.3 million) was financed with the PBC. CMEC identifies the face value of the PBC as $130.4 million. SAIS-CARI and the World Bank’s Debtor Reporting System record the face value of the PBC as $130 million. The Government of Chad’s Aid Management Platform (AMP) identifies the face value of the PBC as CFA 83,992,912,730 (or approximately $152,548,684). 2. This project is also known as Phase 1 of the 90kV N'Djamena Ring Network Project. Phase 2 is captured via Project ID#56308. The Chinese project title is 90KV环网和中低压配网项目和Djermaya至恩贾梅纳66KV高压输电线路项目 or 乍得恩贾梅纳环网及中低压配网项目 or 加贺玛雅—恩贾梅纳66kV高压输电线路项目 or 乍得恩贾梅纳城市90kV环城网和中低压电网 or 乍得恩贾梅纳城市90kV环城网和中低压电网 . The French project title is Projet Réseau Transmission Electrique haute tension 66 kV Djermaya-Centrale N'djamena et construction boucle 90kV et MT & BT.

Number of official sources

18

Number of total sources

33