CET provides $74.49 million supplier's credit to Government of Ethiopia for unspecified purposes (Linked to Project ID#69476)
Commitment amount
$ 83598307.17793617
Adjusted commitment amount
$ 83598307.18
Constant 2021 USD
Summary
Funding agency [Type]
China Electric Power Equipment and Technology Company (CET) [State-owned Company]
Recipient
Ethiopia
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In 2015, China Electric Power Equipment and Technology Co., Ltd. -- a wholly-owned subsidiary of State Grid Corporation of China -- provided a $74.49 million supplier credit to the Government of Ethiopia for unspecified purposes. The borrowing terms of the loan are unknown.
Additional details
1. It is possible that this supplier credit was provided for the Supporting Power Transmission and Transformation for Urban Light Rail Project. The implementer is the China Electric Power Equipment and Technology Co., Ltd. (CET), which is a wholly owned subsidiary State Grid Corporation of China (SGCC). This project includes the new construction of one 230/15kV and three 132/15kV GIS transformer substations, three AIS 15kV switching stations and 12.5 km of 15 kV overhead power transmission lines. It started in September 2014 and ended 9 June 2015. 2. This project is potentially also linked to Project ID#69476, as both transactions are from China Electric Power Equipment and Technology Co., Ltd., for unspecified purposes. This issue warrants further investigation.
Number of official sources
7
Number of total sources
21
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Ethiopia [Government Agency]
Implementing agencies [Type]
Government of Ethiopia [Government Agency]