Completed Mixed AidData Chinese Aid

CATIC provides $6.1 million supplier credit for Phase 1 of the Rural Electrification Equipment Acquisition Project (Linked to Record ID#17158)

$6.14M USD

Funder	China National Aero-Technology Import & Export Corporation (CATIC)
Recipient Organization	Zimbabwe Electricity Supply Authority (ZESA)
Country	Zimbabwe
Start Date	Jun 28, 2003
End Date	Feb 07, 2026
Duration	8,260 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62609`

Grant Description

CATIC provides $6.1 million supplier credit for Phase 1 of the Rural Electrification Equipment Acquisition Project On June 28, 2003, China National Aero-Technology Import and Export Corporation (CATIC,中国航空技术进出口总公司) and the Government of Zimbabwe signed a $6,140,140 supplier credit agreement for the Phase 1 of the Rural Electrification Equipment Acquisition Project.

The proceeds from this agreement were used to partially finance an $11 million contract between the Zimbabwe Electricity Supply Authority (ZESA) and CATIC for the acquisition of rural electrification equipment, including transformers, switchgears, circuit breakers and meters.

CATIC allowed its borrower to repay the loan by depositing the foreign currency proceeds from tobacco sales into an escrow account. Phase 1 was officially completed and handed over to the ZESA authorities on November 2, 2004.

📋 Staff Comments

The Chinese project title is 第一期农村电网项目 or 的农村电网改造 or 津农村电网改造工程 (See: 吴邦国出席津电力公司进口中国设备移交仪式).
Several sources refer to a “$40 million” supplier credit, but these references may refer to the aggregate value of both CATIC supplier credits for Phase 1 and Phase 2 of the Rural Electrification Equipment Acquisition Project.
ZESA used an entity called the Rural Electrification Fund (REF) to facilitate the purchase of equipment rom CATIC.
The CATIC supplier's credit for Phase 2 of the Rural Electrification Equipment Acquisition Project is captured via Record ID#62609.

📚 Sources & References

吴邦国出席津电力公司进口中国设备移交仪式
吴邦国委员长出席津电力公司进口中国设备移交仪式
PARLIAMENT OF ZIMBABWE
Wednesday 10th February, 2016
Zimbabwe Parliament Debates
Wednesday, 1st November, 2006
中国将成津巴布韦“首要投资国”
China in Zimbabwe: exploring the political and economic impacts of Chinese engagement in the Zimbabwean crises
Zesa goes farming
许镜湖司长与非洲驻华使节磋商讲话要点
IDEOLOGY
DESPERATION FUEL GOZ,S TIES TO CHINA
Zimbabwe receives new electrical equipment from China
吴邦国、温家宝分别会见津巴布韦总统穆加贝
Zimbabwe receives new electrical equipment from China
Wu Bangguo attended the handover cer emony of the import of Chinese equipment by Jin Electric Power Company
Zimbabwe acquires new electrical equipment from China
PARLIAMENT OF ZIMBABWE
Wednesday 10th February, 2016
Rural Centres Set for Growth
The Dragon's Gift: The Real Story of China in Africa
China Blasts Sanctions
A Research Report on Zimbabwe
Zim Companies Set to Clinch Major Deals
Chinese Loans to Africa Database
China and Zimbabwe: The Context and Contents of a Complex Relationship 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

Zimbabwe Electricity Supply Authority (ZESA)

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