Project ID: 69181

China Eximbank pledges to finance Chemoga-Yeda Hydropower Project

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]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Ethiopia

Sector

Energy (Code: 230)

Flow type

Vague TBD

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2009-01-01

Description

In 2009, the Ethiopian Electric Power Corporation (EEPCo) signed a $555 million contract with Sinohydro Corporation for construction of Chemoga Yeda hydroelectric facility in northwestern Ethiopia. China Eximbank agreed, in principle, to finance the project. Details about the nature of this financing are unknown. This dam was going to be located in the Gojjam area of the Amhara Regional State ("see China banks to extend ±1 bil USD loans to Ethiopia: Aysha II wind power & aircraft purchases: Threat to Boeing’s future in Ethiopia?"). However, China Eximbank ultimately decided to delay the project due the concerns raised by downstream countries.

Number of official sources

1

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Ethiopia [Government Agency]

Implementing agencies [Type]

Government of Ethiopia [Government Agency]

Ethiopian Electric Power Corporation (EEPCo) [State-owned Company]

SinoHydro [State-owned Company]