China Eximbank provides $50 million loan for Menongue Medium and High Voltage Power Grid Construction and Expansion Project
Commitment amount
$ 56401827.60949176
Adjusted commitment amount
$ 56401827.61
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Angola
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2013, China Eximbank and the Government of Angola signed a $50 million loan agreement for the Menongue Medium and High Voltage Power Grid Construction and Expansion Project. The borrowing terms of this loan are unknown. The construction period for this project was 20 months, starting around May 2013. This project involved the installation and expansion of a medium and high voltage power grid network in the city of Menongue within Cuando Cubango Province. Sinohydro was the contractor responsible for implementation. This project was completed on or around 13 January 2015.
Additional details
The Portuguese project title is Projecto de Instalação e Ampliação da Rede de média tensão e baixa tensão na Cidade de Menongue. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
Number of official sources
2
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Angola [Government Agency]
Implementing agencies [Type]
SinoHydro [State-owned Company]
Angola Ministry of Energy and Water (ANGOP) [Government Agency]