China Eximbank provides $134 million loan for the 285 km Isiolo-Garissa Transmission Line Project with Associated Substations Project
Commitment amount
$ 154413313.0408105
Adjusted commitment amount
$ 154413313.04
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Kenya
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On July 14, 2017, China CAMC Engineering Co Ltd (中工国际工程股份有限公司) signed a commercial contract for the Isiolo-Garissa Electrical Transformation and Transmission Project with Kenya’s Ministry of Energy and Petroleum. According to multiple sources, the project is being funded through a $134 million loan from the Export-Import Bank of China. The project, which is also known as the Isiolo-Garissa Transmission Line Project with Associated Substations Project, involves the construction of a 220KV, 285-km transmission lines between Garissa and Isiolo and three substations in central and northern Kenya and delivering these transmission lines and substations to Kenya Electricity Transmission Company (KETRACO) upon completion. The contract value is $131,065,700 and the expected period of implementation is 24 months.
Additional details
1. The Chinese name of this project is 在加里萨和伊索洛之间建立高压输电线路.
Number of official sources
4
Number of total sources
12
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Kenya [Government Agency]
Implementing agencies [Type]
China National Machinery Industry Corporation (Sinomach) [State-owned Company]
Kenya Electricity Transmission Company Limited (KETRACO) [State-owned Company]