Active Development AidData Chinese Aid

Bank of China participates in a pledge of USD 203 million syndicated loan for Pensulo-Samfya-Mansa Transmission Line Project (linked to Record ID#92433)

$101.5M USD

Funder	Bank of China (BOC)
Recipient Organization	Zambia Electricity Supply Corp. (ZESCO)
Country	Zambia
Start Date	Jan 01, 2020
End Date	Jul 06, 2032
Duration	4,570 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69270`

Grant Description

BOC and CDB pledge to contribution to USD 203 million syndicated loan for Pensulo-Samfya-Mansa Transmission Line Project According to LexAfrica, a $203 million syndicated loan facility from China Development Bank and Bank of China is being negotiated with Zesco Limited (a Zambian state-owned integrated electricity utility) for the Pensulo-Samfya-Mansa 330KV Transmission Lines and Substations Project.

The loan details or status of this project are unknown. It is assumed that each bank contributed USD 101.5 million. For China Development Bank's Contribution, see Record ID#92433.

📋 Staff Comments

1. The exact size of Bank of China and CDB’s respective financial contributions to the $203 million syndicated loan pledge are unknown. For the time being, AidData assumes that the 2 members of the lending syndicate contributed equal amounts ($101,500,000).

📚 Sources & References

Banking and Finance - PG - Zambia _ LEX Africa
Feasibility tests for ZIZABONA energy project progresses
Brian Kambole
Henry Kapata writes
Development of Power Projects and Transmission Lines
Manifesto of the Patriotic Front Party 2021-2026 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

Zambia Electricity Supply Corp. (ZESCO)

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