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Overview

CDB provides $340 million loan for 400 KM Laúca-Huambo Power Transmission Line Project

Commitments (Constant USD, 2023)$370,845,335
Commitment Year•2016Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 14, 2016
Start (actual)
May 9, 2017
End (actual)
Apr 3, 2019

Geospatial footprint

Map overview

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The project involved the extension of 3 electricity substation and the construction of 400 km of 400KV of power transmission lines between Laúca, Wako Kungo, Huambo and Kuito. Its purpose was to evacuate power from the Laúca Hydroelectric Dam and Power Station. More detailed locational information can be found at https://www.openstreetmap.org/relation/10693409 and https://www.openstreetmap.org/way/679039005 and https://www.openstreetmap.org/way/663579775#map=11/-9.6948/14.7991 and https://www.openstreetmap.org/way/527873224#map=10/-10.2987/14.4647 and https://www.openstreetmap.org/relation/10693130#map=8/-10.898/14.266 and https://www.openstreetmap.org/way/704019466#map=11/-11.1016/14.8697.

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

  • Angola Ministry of Energy and Water (ANGOP)

State-owned companies

  • China Machinery Engineering Corporation (CMEC)

Loan desecription

CDB provides $340 million loan for 400 KM Laúca-Huambo Power Transmission Line Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2016, China Development Bank and the Government of Angola signed a $340 million loan agreement for the 400 KM Laúca-Huambo Power Transmission Line Project. The proceeds of this loan were used by the borrower to partially finance a $400,000,000 commercial contract between Angola’s Ministry of Energy and Water and China Machinery Engineering Corporation (CMEC), which was signed on June 14, 2016. The project involved the extension of 3 electricity substations and the construction of 400 km of 400KV of power transmission lines between Laúca, Wako Kungo, Huambo and Kuito. Its purpose was to evacuate power from the Laúca Hydroelectric Dam and Power Station. Construction began on May 9, 2017, and a major milestone was achieved on March 7, 2019 when the electricity transmission line successfully delivered electricity from the Lauca Hydropower Station nearly 200 kilometers away to Waco Kungo. On April 3, 2019, the project was officially completed.

Staff comments

1. The Chinese project title is 安哥拉Lauca连接线项目. The Portuguese project title is Projecto de Sistema de Transportes associados à Lauca. 2. This project may be funded by one of 2 CDB MLFAs captured by AidData: the 2014 CDB MLFA (captured via Record ID#66806) or the 2015 CDB MLFA (captured via Record ID#66847).