Active Mixed AidData Chinese Aid

China Construction Bank provides EUR 182.1 million loan for Rehabilitation and Modernization of the G23, G24, and G26 Units of the Inga II Project

€182.17M EUR

Funder	China Construction Bank Corporation (CCB)
Recipient Organization	Government of Democratic Republic of Congo
Country	Democratic Republic of the Congo
Start Date	Dec 22, 2023
End Date	Mar 25, 2032
Duration	3,016 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`109113`

Grant Description

China Construction Bank provides EUR 182.1 million loan for Rehabilitation and Modernization of the G23, G24, and G26 Units of the Inga II Project On December 22, 2023, the Beijing Branch of China Construction Bank signed an 182,167,602 buyer’s credit agreement with the Government of the Democratic Republic of Congo for the Rehabilitation and Modernization of the G23, G24, and G26 Units of the Inga II Hydropower Plant Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

However, it is known that the borrower was expected to use the proceeds of the loan to finance approximately 85% of the cost of an EUR 214 million commercial contract between Société Nationale d’Electricité (SNEL) and China National Electric Engineering Co. Ltd., which was signed in August 2022.

The purpose of the project is to modernize and rehabilitate the G23, G24, and G26 turbines (units) of the Inga II hydropower plant in Seke-Banza, Kongo Central, DR Congo, which are severely corroded and face vibrational issues. China National Electric Engineering Co. Ltd. is the EPC contractor responsible for project implementation.

Changjiang Institute of Survey, Planning, Design and Research (CISPDR) is responsible for the provision of technical design and consulting services. By April 2025, preliminary design, CFD analysis, and modeling had been completed.

📋 Staff Comments

1. The French project title is Le projet de réhabilitation et de modernisation des groupes G23, G24 et G26 d'Inga II. The Chinese title is 英加2水电站大修改造项目 or 英加2水电站机组改造升级项目.

📚 Sources & References

COMPTE RENDU DE LA TRENTE-TROISIEME REUNION ORDINAIRE DU CONSEIL DES MINISTRES Vendredi 28 février 2025
JOURNAL OFFICIEL de la République Démocratique du Congo Kinshasa-1 avril 2020
RDC: Le ministère des finances autorisé à signer une convention de plus de 182 millions USD pour la réhabilitation des groupes G23
G25 et G26 de Inga II, 19ème Réunion du Conseil des Ministres
Energie : Snél SA arbore un bilan global positif en 2023
Le conseil des ministres a adopté une série d’ordonnances
JOURNAL OFFICIEL de la République Démocratique du Congo – 1 avril 2020
RDC : le projet de réhabilitation des Groupes G23
G24 et G26 de la Centrale Hydroélectrique d'Inga relancé
BRI projects progress smoothly in Pakistan
Cambodia
Congo
RÉPUBLIQUE DÉMOCRATIQUE DU CONGO LOI DE FINANCES N°23/056 DU 10 DECEMBRE 2023 POUR L'EXERCICE 2024
COMPTE RENDU DE LA TRENTE-QUATRIEME REUNION ORDINAIRE DU CONSEIL DES MINISTRES
中国电工刚果（金）英加2水电站大修改造项目进入实施阶段
刚果（金）英加2水电站机组改造升级项目业主签署项目首笔进度款提款文件
刚果（金）英加2水电站大修改造项目进入正式实施阶段
Réhabilitation des équipements électromécaniques de la centrale hydroélectrique d'Inga II Rapport de la Conception Préliminaire
RDC: la réhabilitation des groupes G23,G24 et G26 de la centrale Inga 1 en cours de lancement
Overhaul Contract Concluded on INGA 2 Hydropower Plant Generators
中国电工刚果(金)英加2水电站大修改造项目融资协议项下前端费得到确认 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.