Overview

ZTE provides $18 million supplier’s credit to ZESCO for unspecified purpose

Commitments (Constant USD, 2023)$18,683,775

Commitment Year•2019Country of Activity•ZambiaDirect Recipient Country of Incorporation•ZambiaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2019

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 companies

ZTE Corporation (formerly Zhongxing Telecommunication Equipment Corporation)

Receiving agencies

State-owned companies

Zambia Electricity Supply Corp. (ZESCO)

Loan description

ZTE provides $18 million supplier’s credit to ZESCO for unspecified purpose

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2019, ZTE Corporation disbursed $18 million through a short-term supplier’s credit agreement to Zambia Electricity Supply Corporation (ZESCO) Limited — Zambia’s state-owned power company — for an unspecified purpose/project.