Chinese Government provides $38.6 million loan for purchase of electricity equipment (Linked to Project ID#47128, #47205)
Commitment amount
$ 96478959.2173409
Adjusted commitment amount
$ 96478959.22
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Sudan
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
In 2002, the Chinese Government and the Government of Sudan signed a $38.6 million loan agreement for the purchase of equipment and spare parts to support Phase I of Khartoum State Electricity Facilities Rehabilitation Project. The loan carried the following borrowing terms: aa 5% interest rate , 6-year maturity, and a 2-year grace period. It is unclear whether these funds were ever disbursed.
Additional details
1. The 2002 Annual Report of the Bank of Sudan refers to interest rates as 'loan fees’. 2. In 2002, the Chinese Government also provided a $12.1 million loan to the Government of Sudan for Phase I of Khartoum State Electricity Facilities Rehabilitation Project (as captured via Project ID#47128). 3. The Chinese Government provided also a $19.5 million grant for Phase II of the Khartoum State Electricity Facilities Rehabilitation Project (as captured via Project ID#47205).
Number of official sources
3
Number of total sources
3
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
Khartoum State Electricity [State-owned Company]
Loan Details
Maturity
6 years
Interest rate
5.0%
Grace period
2 years
Grant element (OECD Grant-Equiv)
12.4124%