Overview

CDB provides $47.3 loan for Electrification and Home Connections Project in Huambo City (Linked to Record ID#66847 and #73434)

Commitment Year•2016Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 25, 2016

Start (actual): Sep 13, 2016

Last repayment (originally scheduled): Dec 29, 2027

Geospatial footprint

Map overview

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This project involves the construction of a 400 km transmission line for Laúca (Malanje) with Waku Cungo (Cuanza Sul). It aims to establish 30,000 household connections to the electricity grid in the cities of Huambo and Waku Cungo. More detailed locational information can be found at https://www.openstreetmap.org/way/700696914

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Government Agencies

Government of Angola

Implementing agencies

Government Agencies

Government of Angola

Loan description

CDB provides $47.3 loan for Electrification and Home Connections Project in Huambo City

Interest type•UnknownMaturity•12 years

Narrative

Full Description

Project narrative

In December 2015, China Development Bank and the Government of Angola signed a $15 billion oil prepayment facility (see Record ID#66847). All of the subsidiary loans approved through this facility have a 12 year maturity. In 2016, CDB reportedly approved a $47.3 million loan to the Government of Angola for the Electrification and Home Connections Project in Huambo City. This financing likely came from the $776 million committed to the province of Huambo (see Record ID#73434). This project involves the construction of a 400 km transmission line for Laúca (Malanje) with Waku Cungo (Cuanza Sul). It aims to establish 30,000 household connections to the electricity grid in the cities of Huambo and Waku Cungo. The project officially commenced on September 13, 2016.

Staff comments

1. The Portuguese project title is Projecto de Electrificação e Ligações Domiciliares no Huambo.