Overview

Chinese state-owned joint venture Sunon Asogli Power (Ghana) Ltd. donates USD $100,000 as COVID-19 relief to the Government of Ghana

Commitments (Constant USD, 2023)$103,173

Commitment Year•2020Country of Activity•GhanaDirect Recipient Country of Incorporation•GhanaSector•HealthFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 29, 2020

Start (actual): Mar 29, 2020

End (actual): Mar 29, 2020

Stakeholders

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

Funding agencies

State-owned companies

Shenzhen Energy Group Company Ltd.

State-owned Funds

China-Africa Development Fund (CADFund)

Receiving agencies

Government Agencies

Government of Ghana

Implementing agencies

Joint Venture/Special Purpose Vehicles

Sunon Asogli Power (Ghana) Ltd.

Loan description

Chinese state-owned joint venture Sunon Asogli Power (Ghana) Ltd. donates USD $100,000 as COVID-19 relief to the Government of Ghana

Narrative

Full Description

Project narrative

On March 29, 2020, the Chinese state-owned joint venture, Sunon Asogli Power (Ghana) Ltd. and Africa World Airlines (AWA) donated $200,000 USD to the Government of Ghana as COVID-19 relief aid. Each organization donated $100,000 USD. Sunon Asogli Power (Ghana) Ltd. in Ghana is one of the largest Chinese-funded projects in Ghana, generating 20%-25% of Ghana's total electricity supply and making great contributions to Ghana's economic and social development and improvement of people's living standards. Sunon Asogli Power (Ghana) Limited is jointly owned by Shenzhen Energy Group (60%) and the China Africa Development Fund (40%). It is the first successful Independent Power Producer (IPP) in Ghana.