Completed Development AidData Chinese Aid

China Eximbank provides $45 million loan for 330kV Kariba North Bank-Kafue West Transmission Line Project (Linked to Record ID#354)

$45M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Zambia Ministry of Finance
Country	Zambia
Start Date	Oct 13, 2014
End Date	Jul 06, 2032
Duration	6,476 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`40801`

Grant Description

China Eximbank provides $45 million loan for 330kV Kariba North Bank-Kafue West Transmission Line Project On March 4, 2014, the Chinese Ambassador and the Zambian Minister of Finance signed a $41 million loan framework agreement for the 33kV Kariba North Bank-Kafue West Transmission Line Project.

Then, on October 13, 2014, China Eximbank and the Zambia Ministry of Finance signed a $45 million loan agreement to support this project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 20-year maturity

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

According to ZESCO's Report and Financial Statements, as of December, 31 2017, 100% of the loan funds had been drawn down.

The proceeds from the loan were used to fund the construction of a 120 km power transmission line between the China Eximbank-financed Kariba North Bank Hydropower Plant (see Record ID#354) and Kafue West substation. Sinohydro was the contractor responsible for implementation. The project officially commenced on March 18, 2013 and construction ended on or around October 25, 2014.

On December 15, 2014, power was successfully evacuated from the Kariba North Bank Hydropower Plant to the newly constructed transmission lines and then onward to the Lusaka power grid.

📋 Staff Comments

1. The Chinese project title is 卡里巴-卡富韦输电线路 330kV 129KM or 赞比亚KK330输电线路工程 or 赞比亚卡里巴北至凯富埃西330kV输电线路项目.

📚 Sources & References

China Finances Zambian Power Transmission Line
Zambia Weekly
Zambia signs a $41 million dollars loan from china repayable in 20 years
China Ex-Im aids Zambian power scheme
中国2.5亿优惠贷款助赞比亚输电项目
中国2.5亿优惠贷款助赞比亚输电项目
China Finances Zambian Power Transmission Line
Kariba North Bank - Kafue West Transmission Line (120KM) Concession Loan
Energy Sources for All Years
Energy Sector Reports
中国电建赞比亚可持续发展报告
中国电建优质工程奖-赞比亚KK330输电线路工程
INVESTING IN ENERGY: THE ZESCO EXPERIENCE
中国电建赞比亚可持续发展报告
赞比亚ZESCO公司计划修建一条从Siavonga的卡里巴北变电站到南部卡福区的输电线路
Kariba North Bank - Kafue West Transmission Line (120KM)
银线飞架南北——赞比亚KK330KV输电项目施工侧记（图）
China provides USD41 million for 330 kV transmission line in Zambia
赞比亚KK330KV输电项目架线施工全线完成（图）
ZESCO LIMITED REPORT AND FINANCIAL STATEMENTS, 2014 Economic Report 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.