Active Development AidData Chinese Aid

China Eximbank provides RMB 618.3 million government concessional loan for Taoussa Hydroelectric Power Plant Construction Project

¥618.3K RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Mali
Country	Mali
Start Date	Sep 16, 2014
End Date	Jul 16, 2029
Duration	5,417 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30225`

Grant Description

China Eximbank provides RMB 618.3 million government concessional loan for Taoussa Hydroelectric Power Plant Construction Project On September 21, 2011, the Minister of Foreign Affairs in Mali, Soumelylou Boubeye, and China's Assistant Minister of Commerce Yu Jianhua signed an agreement, which signaled the Chinese Government’s interest in financing the construction of a hydroelectric project in Taoussa.

Then, on September 16, 2014, China Eximbank and the Government of Mali signed an RMB 618,312,369.81 government concessional loan (GCL) agreement for the Taoussa Hydroelectric Power Plant Construction Project.

📋 Loan / Grant Terms

💰 Loan Amountinclude a 20

📅 Maturity20.6263 years

⏳ Grace Period7.6878 years

💹 Interest Rate1.4896%

This loan was ratified by Mali’s Parliament in January 2015.

The proceeds of this loan were used to finance a commercial contract between the Malian Government and China Gezhouba Group Company (CGGC), which was signed on December 1, 2009.

This project involved the supply and installation of hydroelectric equipment for the Taoussa dam power station (Lot 3), to the supply and installation of electric power transmission lines. and transformer stations of the Taoussa dam (Lot 4), for the construction of the exploitation site of the Taoussa Development Project (Lot 5).

Lot 1 (civil engineering construction works) is being funded by the Islamic Development Bank (ISDB), the Kuwaiti Fund for Arab Economic Development, the Abu Dhabi Fund, the Arab Bank for the Economic Development of Africa, the Saudi Fund for Development, the OPEC Fund for International Development, the International Bank for Trade and Development (BICD), and the Government of Mali.

Lot 2 (supply and installation of hydromechanical equipment) is being financed by ISDB. Sinohydro is responsible for Lots 1 and 2. CGGC is responsible for Lots 3, 4, and 5.

The project officially commenced on February 6, 2010, and the project was expected to take 54 months to complete (August 6, 2014).

However, it has faced many delays and difficulties because of violence and instability in Gao region within northern Mali.

📋 Staff Comments

The French project title is Projet de centrale hydroélectrique de Taoussa or Le barrage de Taoussa or Le Projet d'Aménagement de Taoussa.
The Chinese project title is 马里塔乌萨水电站正. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.
According to the World Bank's Debtor Reporting System (DRS), the weighted average maturity of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Mali was 20.6263-years in 2014. AidData estimates the maturity of the China Eximbank loan that supported the Taoussa Hydroelectric Power Plant Construction Project by using this figure. See https://www.dropbox.com/scl/fi/cujt9ufun0n79texgwmdr/February-2025-IDS-Extraction-Mali-s-Official-Sector-and-Private-Sector-PRC-Borrowings-and-Borrowing-Terms.xlsx?rlkey=51bkgjbp345u3409irrbpt8mm&dl=0 4. According to the World Bank's Debtor Reporting System (DRS), the weighted average grace period of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Mali was 7.6878-years in 2014. AidData estimates the grace period of the China Eximbank loan that supported the Taoussa Hydroelectric Power Plant Construction Project by using this figure. See https://www.dropbox.com/scl/fi/cujt9ufun0n79texgwmdr/February-2025-IDS-Extraction-Mali-s-Official-Sector-and-Private-Sector-PRC-Borrowings-and-Borrowing-Terms.xlsx?rlkey=51bkgjbp345u3409irrbpt8mm&dl=0 5. According to the World Bank's Debtor Reporting System (DRS), the weighted average interest rate of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Mali was 1.4896% in 2014. AidData estimates the interest rate of the China Eximbank loan that supported the Taoussa Hydroelectric Power Plant Construction Project by using this figure. See https://www.dropbox.com/scl/fi/cujt9ufun0n79texgwmdr/February-2025-IDS-Extraction-Mali-s-Official-Sector-and-Private-Sector-PRC-Borrowings-and-Borrowing-Terms.xlsx?rlkey=51bkgjbp345u3409irrbpt8mm&dl=06. This record has been marked as having evidence of financial distress because it was subject to DSSI.

📚 Sources & References

Coopération Mali - Chine
Texte du discours
Cooperation Mali-Chine : Bonification continue
Mali-China Cooperation: A Wrap Around 54 Billion FCFA
Malian Hydropower Station Project Signed in Beijing
China and Mali Signed Three Agreements for 739 Million Yuan
RAPPORT D’EXECUTION DU FINANCEMENT EXTERIEUR DU BUDGET SPECIAL D’INVESTISSEMENT (BSI) AU 1er SEMESTRE 2015
National Assembly: Unanimity for Budget Support and Taoussa Dam
PRÉSIDENCE DE LA RÉPUBLIQUE DU MALI
China's Global Energy Finance Chinese Development Bank (CDB) and Export-Import Bank of China (Ex-Im)- Mali
China's Global Energy Finance
Mali : la construction et l'équipement d'un barrage confirés à deuxentreprises chinoises
Démarrage imminent des travaux du barrage de Taoussa : Près de 98 milliards de FCFA déjà mobilisés
Mohomone Toure Chef de Division chez OMVS
Taoussa Hydropower Station begins to be constructed
Mali: Assemblée nationale : L’UNANIMITÉ EN FAVEUR DE L’APPUI BUDGETAIRE ET DU BARRAGE DE TAOUSSA
Communiqué du conseil des ministres du mercredi 12 Novembre 2014
Communiqué du conseil des ministres du mercredi 12 novembre 2014
Centrale de Taoussa : Approbation d’un accord de prêt avec la Chine(Mali) Pour lire plus https://intellivoire.net/centrale-de-taoussa-approbation-dun-accord-de-pret-avec-la-chine/
Mali : approbation d'un accord de prêt de Chine pour la réalisationd'une centrale hydroélectrique dans le nord
China and Mali Signed Three Agreements for 739 Million Yuan
Module centrale_vf .CRMT2017-2019.xlsx
MALI FIRST AND SECOND REVIEWS UNDER THE EXTENDED CREDIT FACILITY ARRANGEMENT
REQUEST FOR WAIVER OF PERFORMANCE CRITERIA
AND REQUEST FOR MODIFICATION OF PERFORMANCE CRITERIA—STAFF REPORT; PRESS RELEASE; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR MALI
Mali: Letter of Intent
Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding
葛洲坝集团承建马里塔乌萨水电站正式开工
Peace and security in West Africa: China gets involved in Mali
Long-term optimization of hydro & solar power electricity generation in the Taoussa area of Mali using the MESSAGE model 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.

All Grantees

Government of Mali

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