Active Development AidData Chinese Aid

China Eximbank provides RMB 250 million loan for 147MW Adjarala Hydroelectric Power Plant Project (Linked to Record ID#2170 and ID#58671, ID#58674)

¥250M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Togo
Country	Togo
Start Date	May 23, 2016
End Date	Mar 31, 2028
Duration	4,330 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`68762`

Grant Description

China Eximbank provides RMB 250 million loan for 147MW Adjarala Hydroelectric Power Plant Project On December 15, 2015, China Eximbank and the Government of Benin signed a $211.31 million preferential buyer’s credit (PBC) agreement for the Adjarala Hydroelectric Power Plant Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

Then, on July 12, 2016, China Eximbank and the Government of Benin signed an RMB 400 million government concessional loan (GCL) agreement for the Adjarala Hydroelectric Power Plant Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

China Eximbank also signed an RMB 250 million ($61 million) loan agreement with the Government of Togo on May 23, 2016 for the Adjarala Hydroelectric Power Plant Project. The PBC is captured via Record ID#58674, and the GCL is captured vis Record ID#58671. The loan issued to the Government of Togo is captured in Record ID#68762.

The proceeds from these three loans are to be used by the borrowers to finance a FCFA 265,814,526,897 commercial contract between le Communauté Electrique du Bénin (CEB) and Sinohydro, which was signed on April 25, 2014.

The project involves the construction of a dam in Adjarala, which is located approximately 100 km downstream of the 65MW Nangbéto hydropower plant on the Mono River. The dam will stand 40 meters tall, with a 3.7 long kilometer reservoir.

The project also involves the construction of 252 kilometers of 161 KV high voltage power transmission lines, water diversion systems, plants, access roads and other ancillary facilities.

The ultimate objective of the project is to strengthen regional energy interconnection and alleviate electric power shortages in Benin and Togo. Sinohydro is the contractor responsible for implementation. A groundbreaking ceremony took place on December 26, 2015.

Then, in December 2016, the project was suspended after the Togolese Minister of Economy and Finance announced that there were insufficient financial resources to complete the project. The project resumed in January 2017, and as of September 2017 it was still under construction. The Adjarala hydropower plant has since been cancelled, although the date the decision was made is unclear.

📋 Staff Comments

This project is also known as the 3x49MW Adjarala Hydroelectric Power Plant Project. The Chinese project title is 阿贾哈拉水电站项目 or 貝寧--多哥阿賈哈拉水電站項目. The French project title is Aménagement hydroélectrique d’Adjarala or Projet d'aménagement du barrage hydroélectrique d'Adjarala.
Some sources suggest that the China Eximbank loan issued the RMB 250 million loan to the Government of Togo in 2004. This issue merits further investigation.

📚 Sources & References

147 MW Adjarala Hydropower Project
Togo and Benin pin energy hopes on this controversial dam
China builder to construct Togo's 147-MW Adjarala
Foundation stone is laid for Adjarala Dam
Togo and Benin pin energy hopes on controversial dam
Une coopération au beau fixe entre le Togo et la « Exim-Bank of China »
Economie-et-Développement-N°39
China
Togo sign eco-tech cooperation accords
Togo - 2018: Domestic politics, foreign affairs, socio-economic development
PROJECT INFORMATION DOCUMENT (PID) CONCEPT STAGE
金融时报：“点亮”中非合作新未来进出口银行“两融”并举提升非洲国家“造血”能力
Les présidents béninois et togolais posent la première pierre de l'aménagement hydroélectrique d'Adjarala
China to lend Benin $270 million to develop Adjarala hydropower dam
Performance through 35 years of professional experience
刘豫锡大使出席阿贾哈拉水电站项目奠基仪式
Projets de Production
A compilation of short South-South Cooperation articles for the “South-South and Triangular Cooperation Academy” (Turin
July, 2016)
Les présidents béninois et togolais posent la première pierre de l'aménagement hydroélectrique d'Adjarala
Première visite au Togo du VP de l'Exim Bank of China
贝宁－多哥阿贾哈拉水电站项目奠基仪式隆重举行
Ambassador Liu Yuxi attended the groundbreaking ceremony of the Ajahara Hydropower Project
Nouveaux financements chinois en faveur du Togo
Fruits de la visite d’Etat de Faure Gnassingbé en Chine
LA CHINE PARIE SUR L’AFRIqUE
POSE DE LA 1ère PIERRE DE L'AMENAGEMENT HYDROELECTRIQUE D’ADJARALA
WAPP (Phase 3) Adjarala Hydroelectric Project
Benin: Sinohydro to start work on Adjarala 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 Togo

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