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China Eximbank provides $23.5 million buyer's credit loan for 1.95 MW Kinyeti Hydropower Plant and Associated Transmission Lines Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of South Sudan |
| Country | South Sudan |
| Start Date | Jul 02, 2013 |
| End Date | Mar 14, 2027 |
| Duration | 5,003 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 53091 |
Grant Description
China Eximbank provides $23.5 million buyer's credit loan for 1.95 MW Kinyeti Hydropower Plant and Associated Transmission Lines Project On July 2, 2013, the Government of South Sudan and China Eximbank signed a $23,500,000 buyer’s credit loan (BCL) agreement for 1.95 MW Kinyeti Hydropower Plant and Associated Transmission Lines Project.
The borrowing terms of the BCL are unknown.
However, it is known that the borrower was expected to use the loan proceeds to finance 85% of the cost of a $28 million commercial contract with Sinohydro.
According to the Government of South Sudan's Ministry of Finance, it was responsible for covering the remaining 15% of the commercial contract cost ($4.5 million). The primary purpose of the project was to supply power to the city of Torit. The project is located in the payam (administrative unit) of Hatire within South Sudan's Eastern Equatoria State.
Sinohydro was the contractor responsible for project implementation.
According to the United Nations Industrial Development Organization (UNIDO), the project was suspended due to financial constraints in 2016; however, according to the SAIS-CARI, the project was completed in 2015.
Staff Comments
1. The Chinese project title is 南苏丹肯耶提水电站 2. No other source confirms suspension; therefore, the project is status-coded as completed for the time being. However, this issue warrants further investigation.
Sources & References
- China's Global Energy Finance
- Draft Budget Tables Fiscal Year 2016/17
- Approved National Budget Plan for FY2018/19
- China Exim Bank Working Group visits South Sudan
- 中国水电签署南苏丹朱巴电站项目商务合同
- Revised Chart of Accounts 2014-15
- Ambassador to South Sudan Ma Qiang published a signed article in the local media, 【Model Workers of the Seventh Hydropower Bureau】Wang Jianfeng
- China-Africa Trade and Economic Cooperation Special
- 南苏丹肯耶提水电站, energy situation in Sudan
- Regional motivation to develop South Sudan’s hydro power capacity
- World Small Hydropower Development Report 2016
- Do China-Financed Dams in Sub-Saharan Africa Improve the Region's Social Welfare? A Case Study of the Impacts of Ghana's Bui Dam
- Juba
- Beijing Sign Loan Agreement To Construct Kinyeti Hydro-power 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 South Sudan
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