Completed Development AidData Chinese Aid

China Eximbank provides RMB 370 million government concessional loan for Phase 1 of 90kV Dakar Electricity Distribution Network Rehabilitation and Extension Project (Linked to Record ID#53283)

¥370M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Senegal
Country	Senegal
Start Date	Jul 12, 2007
End Date	Oct 17, 2031
Duration	8,863 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`138`

Grant Description

China Eximbank provides RMB 370 million government concessional loan for Phase 1 of 90kV Dakar Electricity Distribution Network Rehabilitation and Extension Project On July 12, 2007, the Export-Import Bank of China and Societe Nationale d'Electricite du Senegal (SENELEC) — Senegal’s state-owned electricity company — signed an RMB 370 million government concessional loan (GCL) agreement for the Phase 1 of 90kV Dakar Electricity Distribution Network Rehabilitation and Extension Project.

📋 Loan / Grant Terms

💰 Loan Amountcarries the following borrowing terms: a 20 year maturity

📅 Maturity20 years

⏳ Grace Period5 years

💹 Interest Rate2%

As of September 23, 2016, China Eximbank had disbursed XOF 26,026,772,582, leaving XOF 9,973,227,418 undisbursed.

The project involved the construction of a 27 kilometer, 90 KV high-voltage power transmission line and four 90/30 KV transformer substations in the city of Dakar.

China National Machinery and Equipment Import and Export Corporation (CMEC) was the contractor responsible for implementation. The project's proposed start date was January 1, 2006, but work did not commence until September 28, 2007. Then, an official groundbreaking ceremony took place on January 21, 2009.

The project was ultimately completed and accepted by the Government of Senegal on April 29, 2016.

China Eximbank also financed the second phase of this project (as captured via Record ID#53283) and provided supplemental funding through a third loan (as captured via Record ID#53178). The first phase of this project was funded by China Eximbank and it is captured via Record ID#138.

📋 Staff Comments

This project is also known as Phase 1 of the 90kv Dakar Power Loop Transmission and Power Grid Project and Phase 1 of Dakar City Power Transmission and Transformation Project. The Chinese project title is 塞内加尔达喀尔环城输变电项目 or 惠贷款的环达喀尔输变电项目. The French project title is 1ère phase de boucle 90 kV de Dakar or 1ère phase de Boucle de Dakar.
In the database of Chinese loan commitments that SAIS-CARI released in 2020 and re-released in 2021, it does not report the terms of the loan (20-year maturity, 5-year grace period, 2% interest rate) that supported this project. AidData relies upon the borrowing terms that are reported by the borrower: Societe Nationale d'Electricite du Senegal (SENELEC).

📚 Sources & References

http://www.tianshannet.com.cn/energy/content/2009-01/22/content_3805323.htm
China to Finance US$56.4-mil. Power Project in Senegal
China cash to help Senegal end power cuts, http://gouwutuan.cn/chn/gxh/tyb/zwbd/wshd/t533619.htm
Subnational
Geospatial Research Datasets
Dakar City Power Transmission and Transformation Project Receives Certificate for Final Acceptance
Lu Shaye
Ambassador to Senegal
Attends the Groundbreaking Ceremony of the Dakar Ring Power Transmission and Transformation Project
Le Sénégal est très satisfait du modèle de coopération chinoise
中国切实帮助非洲应对危机将继续推动非洲发展
塞内加尔达喀尔环城输变电项目收到最终验收证书
Annual Report 2013
PROJET EXTENSION RESEAU ELECTRIQUE BOUCLE 98 KW DE DAKAR +FINANCEMENT COMPLEMENTAIRE
国机集团签订中塞复交后第二个大型工程项目
SOCIETE NATIONALE D'ELECTRICITE DU SENEGAL «SENELEC» RAPPORT DES COMMISSAIRES AUX COMPTES SUR LES ETATS FINANCIERS ET RAPPORTS SPECIAUX
Sénégal : 35 milliards de FCFA de prêt chinois pour une meilleure distribution de l'électricité à Dakar
Révision des conditions tarifaires de Senelec pour la période 2017 - 2019
China does more for Senegal in 4 years than West in 20 years: envoy
扎根塞内加尔促进中非互利共赢——CMEC在塞内加尔风采录
中国援助塞内加尔输变电项目正式开工
中国同塞内加尔签署关于提供优惠贷款的框架协议, http://global.factiva.com/aa/?ref=LBA0000020070612e36c001df&pp=1&fcpil=en&napc=S&sa_from=
Build Bridges: China's growing role as infrastructure financier in Africa
Building Bridges: China's Growing Role as Infrastructure Financier for Sub-Saharan Africa
China's Foreign Aid, http://www.china-power-contractor.cn/financed-projects.html
ROJET EXTENSION RESEAU ELECTRIQUE BOUCLE 98 KW DE DAKAR +FINANCEMENT COMPLEMENTAIRE
PROGRAMME D'URGENCE ELECTRIFICATION RURALE (REHABILITATION RESEAU DE DISTRIBUTION ELECTRIQUE)
Chinese Loans to Africa Database 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.