Completed Mixed AidData Chinese Aid

China Eximbank provides $138.3 million preferential buyer’s credit for 140MW Gouina Hydroelectric Power Plant Project (Linked to Record ID#53100, and ID#56791)

$138.3M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Senegal
Country	Senegal
Start Date	Jan 04, 2013
End Date	Feb 22, 2029
Duration	5,893 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`53179`

Grant Description

China Eximbank provides $138.3 million preferential buyer’s credit for 140MW Gouina Hydroelectric Power Plant Project On January 4, 2013, China Eximbank and the Government of Senegal signed a $138,300,000 preferential buyer’s credit (PBC) agreement (captured via Record ID#53179) for the 140MW Gouina Hydroelectric Power Plant Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period9 years

💹 Interest Rate2%

The purpose of the project was to establish a 140MW hydroelectric power plant in Gouina on the Senegal River.

The project involved the construction of a concrete dam with a threshold spilling over its entire width; the construction of a hydroelectric plant with three power generation units capable of producing 620 GWh per year; the construction of a 287 meter long intake canal and a 423 meter long escape canal; the rehabilitation of the existing track and the bridge at the Cimenterie de Diamou; and the construction of a 225-kilovolt high-voltage line connecting the Gouina station to the Medina station not far from Kayes.

The Government of Senegal, the Government of Mali, and the Government of Mauritania all contributed to the implementation of this project.

The total cost of the project was approximately $437 million and the Government of Senegal, the Government of Mali, and the Government of Mauritania all contracted equally sized loans (approximately $138,300,000) with China Eximbank to facilitate the implementation of the project. The China Eximbank loan (PBC) contracted by the Government of Mali is captured via Record ID#53100.

The China Eximbank loan (PBC) contracted by the Government of Mauritania is captured via Record ID#56791. These proceeds from these 3 China Eximbank loans covered 95% of the total cost of the project.

The remaining 5% was covered by Organisation pour la mise en valeur du fleuve Sénégal (OMVS), which is also known as the Senegal River Basin Authority. Sinohydro Corporation Engineering Bureau 15 Co, Ltd was the contractor responsible for implementation. A foundation stone laying ceremony took place on December 17, 2013.

However, construction did not begin until October 1, 2016.

The project was originally expected to reach completion by the end of 2018, but it was ultimately completed when all 3 power generation units were connected to the grid on April 3, 2022. An official dam inauguration ceremony took place on December 3, 2022.

📋 Staff Comments

The French project title is Amenagement Hydro Electrique de Gouina or Centrale Hydro-électrique de Gouina or Projet hydroélectrique Gouina dans la zone de l’OMVS 140 MW. The Chinese project title is 马里古伊那水电站工程项目 or 马里古伊那(Gouina)水电站.
In the database of Chinese loan commitments that it released in July 2020, SAIS-CARI records two China Eximbank loans for this project: a $248 million export buyer’s credit contracted by the Government of Mali and $146 million export buyer’s credit contracted by the Government of Senegal. Boston University’s Global Development Policy Center records a single China Eximbank loan for this project: a $415 million loan contracted by the Government of Mali. However, multiple official sources from multiple countries indicate that the Government of Senegal, the Government of Mali and the Government of Mauritania each contracted a $138,300,000 preferential buyer’s credit (PBC) with China Eximbank.
The borrowing terms of the PBC contracted by the Government of Senegal are unknown. However, the Government of Mauritania and the Government of Mali report that the PBCs they contracted with China Eximbank carried the following borrowing terms: a 20-year maturity, a 9-year grace period, and a 2% interest rate. AidData assumes for the time being that the same borrowing terms applied to the PBC contracted by the Government of Senegal.

📚 Sources & References

140 MW OMVS Gouina Hydropower Project
Programme présidentiel d’accès à l’énergie et à l’eau : 34 villages électrifiés dans la zone du barrage de Manantali
Visit of the OMVS / SOGEM delegation to the People's Republic of China
Memorandum to The Board of Directors From Cecilia Akintomide (Secretary General) Subject: Mali- Project for Scaling-up renewable energy in Mali
Communiqué of the Council of Ministers of Wednesday
June 12, 2013
Great walls over African rivers: Chinese engagement in African hydropower projects, 【物资类】中国电建水电十六局马里古伊那水电站工程225kV架空线路导线设备采购项目招标公告
一个项目改善三国电力供应——进出口银行融资支持的马里古伊那水电站项目顺利完成导截流工程, 【招标】中国电建马里古伊那水电站工程项目242kV主变压器及其附属设备采购项目招标公告
水电十五局承建马里古伊那水电站项目主体工程开始施工
马里古伊纳水电站举行奠基仪式
马里古伊那水电站项目贝雷桥安装顺利完成
OMVS: Sénégal
Mali
Mauritanie
Guinée
Mauritanie/OMVS : approbation du financement de la centrale hydro électrique
Gouina Hydroelectric Plant
ACTES DE LA REPUBLIQUE DU MALI ORDONNANCES-DECRETS-ARRETES
APRÈS FÉLOU
LE BARRAGE DE GOUINA OPÉRATIONNEL DANS 4 ANS
Module centrale_vf .CRMT2017-2019.xlsx
L'Assemblée Natio nale adopte un pr o jet de loi r elatif au financement la centrale hydr o-électrique de Gouina au Mali
AMENAGEMENT HYDRO ELECTRIQUE DE GOUINA
PROGRAMME TRIENNAL D'INVESTISSEMENTS PUBLICS (PTIP) 2015 - 2017
塞内加尔河流域开发组织高级专员视察马里古伊那项目
中国进出口银行对古伊那水电站项目进行贷后检查
进出口银行的非洲足迹—塞内加尔篇
Mali: inauguration of the Gouina dam, of the OMVS, on the Senegal River
Mali: Gouina hydroelectric dam inaugurated source Afro
Mariguina hydropower station put into operation
四国总理出席中国电建马里古伊那水电站项目竣工发电庆典
GOUINA HYDRO ELECTRIC DEVELOPMENT
PROJET DE GESTION INTEGREE DES RESSOURCES EN EAU ET DE DEVELOPPEMENT DES USAGES A BUTS MULTIPLES DU BASSIN DU FLEUVE SENEGAL 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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