China Eximbank pledges to finance Chemoga-Yeda Hydropower Project

Funder	China (People's Republic of)
Recipient Organization	Ethiopia
Country	Ethiopia
Start Date	Feb 01, 2009
End Date	Nov 16, 2031
Duration	8,323 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69181`

Grant Description

In 2009, the Ethiopian Electric Power Corporation (EEPCo) signed a $555 million contract with Sinohydro Corporation for construction of Chemoga Yeda hydroelectric facility in northwestern Ethiopia. China Eximbank agreed, in principle, to finance the project. Details about the nature of this financing are unknown.

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.