Sinohydro pledges $165 million loan for 62 MW Power Plant Project
Pledged amount
$ 190135795.90846068
Adjusted pledged amount
$ 190135795.90846068
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
SinoHydro [State-owned Company]
Recipient
Gambia
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
On April 21, 2017, Sinohydro Corporation and National Water and Electricity Company (NAWEC) signed an agreement regarding a possible $165 million loan for a 62MW Power Plant to supply power in the Greater Banjul Area. The Gambian Ministry of Petroleum and Energy was also involved in this agreement, which may have been a Memorandum of Understanding (MOU). This power plant will be an HFO power plant. The project also seeks to connect the OMVG energy project and the West African Power Pool, while also renovating the energy distribution infrastructure in the Gambia. The loan details of the project are not known. In March 2016, before the agreement on the project was signed, Gambia's Ministry of Energy met with Sinohydro to discuss the power plant. There is no clear evidence that this pledge ever resulted in a loan agreement (official commitment).
Number of official sources
0
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Gambia [Government Agency]
Implementing agencies [Type]
Ministry of Petroleum and Energy, Gambia [Government Agency]
Gambia National Water and Electric Company (NAWEC) [Joint Venture/Special Purpose Vehicle]