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China Eximbank pledges $500 million loan to support TBEA's power projects in Egypt

$500K USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Egypt Ministry of Electricity and Renewable Energy
Country	Egypt
Start Date	Jan 01, 2016
End Date	Apr 10, 2027
Duration	4,117 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60118`

Grant Description

China Eximbank pledges $500 million loan to support TBEA's power projects in Egypt In 2016, the Export-Import Bank of China (China Eximbank) expressed interest in providing a $500 million loan to support 1000MW of power generation, transmission and distribution (T&D) projects undertaken by TBEA Co., Ltd. in Egypt.

📋 Loan / Grant Terms

💰 Loan Amountincluded a fixed interest rate of 2

🔁 Repayment Period15 years

As of May 2021, there is no evidence that this loan was approved by Egypt's Ministry of Electricity and Renewable Energy, who were required to respond within two months to approve the funding and the project.

📚 Sources & References

Tebian Electric in talks with Export-Import Bank of China regarding financing for 1000MW Egyptian solar project
特变电工等待埃及电力部回应完成贷款供应
Egypt Signs Solar Power MOU with China’s TBEA
TBEA China awaits response from Electricity Ministry to complete loan of $500m from the Export-Import Bank of China
特变电工等待埃及电力部回应完成贷款供应 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.

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Egypt Ministry of Electricity and Renewable Energy

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China Eximbank pledges $500 million loan to support TBEA's power projects in Egypt

Grant Description

📚 Sources & References

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