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China Eximbank provides supplemental RMB 102 million government concessional loan for 90kV Dakar Electricity Distribution Network Rehabilitation and Extension Project (Linked to Record ID#53283 and Record ID#138).
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Senegal |
| Country | Senegal |
| Start Date | Jul 19, 2013 |
| End Date | Dec 08, 2026 |
| Duration | 4,890 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 53178 |
Grant Description
China Eximbank provides supplemental RMB 102 million government concessional loan for 90kV Dakar Electricity Distribution Network Rehabilitation and Extension Project On July 19, 2013, China Eximbank and Societe Nationale d'Electricite du Senegal (SENELEC) — Senegal’s state-owned electricity company — signed an RMB 102 million government concessional loan (GCL) agreement to provide supplementary funding for the 90kV Dakar Electricity Distribution Network Rehabilitation and Extension Project.
The purpose of this project was to stabilize supply of electricity for 300,000 households and connect 150,000 additional households to the electricity network.
It involved the construction of 474 transformer stations, the laying of 354 km of underground cable, the construction of a low-voltage (30kv) network with the support of geographic information systems, and the installation of 100,000 electricity consumption meters and 17,000 boxes and management systems (100,000 Compteurs prépaiement et 17,000 Coffrets et du Système de gestion) in the suburbs of Dakar.
Prior to the implementation of this project, Senegalese consumers paid their electricity bills every two months based on past electricity usage. However, the system was widely abused and theft was rampant.
This project sought to introduce state-of-the-art software to combat electricity theft, which was reportedly resulting in $50 million of lost revenue each year.
China National Machinery and Equipment Import and Export Corporation (CMEC) was the contractor responsible for implementation. Construction began in 2012 and the project was completed and accepted by the Government of Senegal on April 29, 2016. The first phase of this project was funded by China Eximbank and it is captured in Record ID#138.
A loan was also provided for the second stage of this project in #53283. The grace period of the loan in #53283 was extended in ID#73130.
Staff Comments
- This project is also known as the Supplementary Phase of the 90kV Dakar Electricity Distribution Network Rehabilitation and Extension Project. The French project title is Financement Complementaire du Projet de Realization de La Boucle de Dakar.
- A 2014 bond prospectus issued by the Government of Senegal refers to the value of this loan as FCFA 8 billion, which is roughly equivalent to RMB 102 million. AidData records the face value of the loan as RMB 102 million because this loan was supported by an Eximbank GCL, and Eximbank GCLs are always denominated in RMB. Also, while AidData records the terms of this GCL (20-year maturity, 5-year grace period, 1.5% interest rate), SAIS-CARI does not record the terms of this loan in the database of Chinese loan commitments that it released in July 2020.
Sources & References
- 3,2 milliards Frs CFA de la Chine en appui à la politique de développement du pays
- Energie et coopération économique et technique : La Chine accorde 2 financements de 16,5 milliards de FCfa au Sénégal…
- Edition du 24-25 Novembre 2012
- La Chine Populaire signe deux importants accords de financement avec l'Etat du Sénégal
- Financement de la politique de développement : La Chine accorde une subvention de 3,2 milliards de FCfa au Sénégal, 2014 Republic of Senegal Bond Prospectus.PDF
- PROGRAMME TRIENNAL D'INVESTISSEMENTS PUBLICS (PTIP) 2015 - 2017
- La Chine dégaine 17 milliards pour le Sénégal, 2018 Republic of Senegal Bond Prospectus
- May 2018 Flat Export of Senegal
- RURAL ELECTRIFICATION EMERGENCY PROGRAM (REHABILITATION OF ELECTRICITY DISTRIBUTION NETWORK)
- Révision des conditions tarifaires de Senelec pour la période 2020-2022 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 Senegal
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