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Overview

CDB provides $47.3 million loan for Electrification and Home Connections Project in Cabinda Province (Linked to Record ID#66847)

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
Aug 6, 2016
Last repayment (originally scheduled)
Dec 29, 2027

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The project aimed to electrify Cabinda Province. More detailed locational information can be found at https://www.openstreetmap.org/relation/422607

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

State-owned companies

  • China Tiesiju Civil Engineering Group Co., Ltd.

Loan description

CDB provides $47.3 million loan for Electrification and Home Connections Project in Cabinda Province

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 Cabinda Province. The proceeds of this loan were used to partially finance a commercial contract worth $59.99 million with an unknown Chinese firm. This project sought to establish 30,00 household connections to the electricity grid in Cabinda Province. It reached implementation, but its precise implementation start and end dates are unknown. See Record ID#65748 for other water and energy sector projects financed through the 2015 CDB facility.

Staff comments

The Portuguese project title is Projecto de Electrificação e Ligações Domiciliares na Província de Cabinda. The $15 billion facility agreement (captured in Record ID#66847) is fully disbursed.