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CDB provides $47.3 loan for Electrification and Home Connections Project in Huambo City (Linked to Record ID#66847 and #73434)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Angola |
| Country | Angola |
| Start Date | Jan 25, 2016 |
| End Date | Mar 20, 2026 |
| Duration | 3,707 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 73435 |
Grant Description
CDB provides $47.3 loan for Electrification and Home Connections Project in Huambo City In December 2015, China Development Bank and the Government of Angola signed a $15 billion oil prepayment facility (see Record ID#66847). All of the subsidiary loans approved through this facility have a 12-year maturity.
In 2016, CDB reportedly approved a $47.3 million loan to the Government of Angola for the Electrification and Home Connections Project in Huambo City. This financing likely came from the $776 million committed to the province of Huambo (see Record ID#73434). This project involves the construction of a 400 km transmission line for Laúca (Malanje) with Waku Cungo (Cuanza Sul).
It aims to establish 30,000 household connections to the electricity grid in the cities of Huambo and Waku Cungo. The project officially commenced on September 13, 2016.
Staff Comments
1. The Portuguese project title is Projecto de Electrificação e Ligações Domiciliares no Huambo.
Sources & References
- Plano de acção do sector de energia e águas 2018-2022
- Energia de Laúca chega ao Huambo
- PLANO DE ACÇÃO DO SECTOR DE ENERGIA E ÁGUAS 2018-2022
- Huambo: Ministro da Energia e Águas lança projectos de energia no Huambo
- Chinese Loans to Africa Database
- MEMORANDUM N° 16/2016 (25/01/2016)
- Republic of Angola Preparatory Survey on the Project for Transmission System Reinforcement in Southern Angola
- Environmental and Social Impact Assessment for the Utility Scale Project in Laúca
- Malanje Province 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 Angola
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