Project ID: 69410

Jiangsu Bank of China signs $18.28 million export buyer credit agreement to Ethiopian Electric Power Company for import of seven mobile substations

Commitment amount

$ 21064741.5103434

Adjusted commitment amount

$ 21064741.51

Constant 2021 USD

Summary

Funding agency [Type]

Bank of China (BOC) [State-owned Commercial Bank]

Recipient

Ethiopia

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (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: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-05-16

Description

On May 16, 2017, Bank of China Jiangsu Branch and Ethiopian Electric Power Company signed the "Ethiopia Mobile Substation Project Export Buyer Credit Agreement". This agreement states that the Bank of China will provide $18.28 million export buyer's credit for the import of 7 mobile substations from Nari Group.

Additional details

This loan is omitted from the database of Chinese loan commitments that SAIS-CARI released in July 2020.

Number of official sources

0

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

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

Implementing agencies [Type]

Ethiopia Electric Power Corporation [State-owned Company]

Loan Details

Bilateral loan

Export buyer's credit

Investment project loan