[Cancelled] China Eximbank provides RMB 685 million loan for Nairobi Underground Electric Power Distribution Network (Kileleshwa, Westlands, Parklands, Ngara and Riverside Areas) Project (Linked to Record ID#58693)

📋 Staff Comments

1. This project is also known as distribution network renovation in 10 northern and western areas of Nairobi. The Chinese project title is 内罗毕配电网改造（北部城区）和内罗毕配电网改造（西部城区）项目.
2. Some sources suggest TBEA Corporation may have also been involved in the implementation of this project. This issue requires further investigation.
3. The other 5 areas of Nairobi supported by the China Eximbank-financed Nairobi Underground Electric Power Distribution Network Project (Kilimani, Hurlingham, Ngong Road, State House, and Lavington areas of Nairobi) are captured via Project ID#58693.
4. The project identification number in the Government of Kenya’s Electronic Project Monitoring Information System (eProMIS) is 2017/056986. The eProMIS reference identification number is TRANS0012017. eProMIS also refers to the face value of the loan as $120,366,400.
5. There are some indications that this project may have been financed through an Engineering, Procurement, Construction and Financing (EPC+F) arrangement. Under a typical EPC+F contractual arrangement, a loan is extended to the EPC contractor but with a sovereign guarantee from the host government. If this arrangement was in effect, it would imply that the loan was issued to NARI and backed by a repayment guarantee from the Government of Kenya (i.e. a sovereign guarantee). This issue warrants further investigation.
6. The loan identification number in the Government of Kenya’s external public debt register is 2017043_1.
7. The amounts outstanding, disbursements, and repayments data are drawn from the Kenyan Treasury’s External Public Debt Register. See https://www.dropbox.com/s/549ixt2gj1jbjvi/External-Public-Debt-Register-as-at-End-June-2022.pdf?dl=0 and https://www.dropbox.com/s/0et4jg1qfg1bo7r/External-Public-Debt-Register-as-at-End-June-2021.pdf?dl=0 and https://www.dropbox.com/s/233j706743q7f1g/External-Public-Debt-Register-as-at-End-June-2020.pdf?dl=0 and https://www.dropbox.com/s/qkoybr9ja0ohemy/External-Public-Debt-Register-as-at-End-June-2009.pdf?dl=0 and https://www.dropbox.com/s/thy3s6ggjcjd97z/External-Public-Debt-Register-as-at-End-June-2012.pdf?dl=0 and https://www.dropbox.com/s/fzbfq01vas6m0i9/External-Public-Debt-Register-as-at-End-June-2019.pdf?dl=0 and https://www.dropbox.com/s/ennrl6d4zd2nizs/External-Public-Debt-Register-as-at-End-June-2018.pdf?dl=0 and https://www.dropbox.com/s/8ibazrj1a8oho2d/External-Public-Debt-Register-as-at-End-June-2017.pdf?dl=0 and https://www.dropbox.com/s/wdbjl0wq49i09x1/External-Public-Debt-Register-as-at-End-June-2015.pdf?dl=0

📚 Sources & References

• IJGlobal - Nairobi Transmission Grid Upgrade - Kenya
• 走进非洲｜进出口银行的肯尼亚足迹
• China’s Exim bank backs underground power supply project in Nairobi
• Sh13b underground cabling project to end Nairobi's power cuts
• Kenya Power to implement new underground cable for Nairobi
• Kenya rolls out underground cabling project to boost electricity
• Kenya Power strengthens power supply via underground cables
• 进出口银行与肯尼亚财政部签署援外优惠贷款协议
• Kenya Power invests Sh13 billion in underground cabling project
• 近期新闻集锦肯尼亚内罗毕城市配网改造项, 2017年南京市对外投资和经济合作呈现新变化
• Export-Import Bank and Kenya Ministry of Finance Sign Foreign Aid Preferential Loan Agreement
• BU_PITCH_ENGLISH_2018, e-ProMIS Kenya 056986 Full
• The National Treasury Public Debt Management Office Summary Statement 2021/2022
• SUMMARY STATEMENT OF PUBLIC DEBT FOR 2020/2021FY IN FOREIGN CURRENCY
• AUDITOR-GENERAL'S SPECIAL AUDIT REPORT ON DEBT SERVICING OF EXTERNAL LOANS IN KENYA 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.