Sinohydro pledges $165 million loan for 62 MW Power Plant Project

Funder	China (People's Republic of)
Recipient Organization	Gambia
Country	Gambia
Start Date	Jun 25, 2017
End Date	Aug 10, 2029
Duration	4,429 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`57072`

Grant Description

Sinohydro pledges $165 million loan for 62 MW Power Plant Project On April 21, 2017, Sinohydro Corporation and National Water and Electricity Company (NAWEC) signed an agreement regarding a possible $165 million loan for a 62MW Power Plant to supply power in the Greater Banjul Area.

The Gambian Ministry of Petroleum and Energy was also involved in this agreement, which may have been a Memorandum of Understanding (MOU). This power plant will be an HFO power plant.

The project also seeks to connect the OMVG energy project and the West African Power Pool, while also renovating the energy distribution infrastructure in the Gambia. The loan details of the project are not known.

In March 2016, before the agreement on the project was signed, Gambia's Ministry of Energy met with Sinohydro to discuss the power plant. There is no clear evidence that this pledge ever resulted in a loan agreement (official commitment). 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.