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Overview

Chinese Government provides $38.6 million loan for purchase of electricity equipment (Linked to Record ID#47128, #47205)

Commitments (Constant USD, 2023)$89,111,392
Commitment Year•2002Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2002
First repayment
Jan 1, 2004
Last repayment
Dec 31, 2007

Geospatial footprint

Map overview

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The purpose of the project is to provide $38.6 million loan for the purchase of electricity equipment. More detailed location information can be found at: https://www.openstreetmap.org/relation/3774673#map=9/15.9007/33.0133

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

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Sudan

Implementing agencies

State-owned companies

  • Khartoum State Electricity

Loan desecription

Chinese Government provides $38.6 million loan for purchase of electricity equipment

Grace period•2 yearsGrant element•15.2098%Interest rate (t₀)•5%Interest type•Fixed Interest RateMaturity•6 years

Narrative

Full Description

Project narrative

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.

Staff comments

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 Record 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 Record ID#47205).