Active Mixed AidData Chinese Aid

CDB provides $70.9 million loan for Electrification and Home Connections Project in Benguela Province (Linked to Record ID#66847)

Funder	China Development Bank (CDB)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Aug 06, 2016
End Date	Aug 18, 2029
Duration	4,760 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73515`

Grant Description

CDB provides $70.9 million loan for Electrification and Home Connections Project in Benguela Province 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 $70.9 million loan to the Government of Angola for the Electrification and Home Connections Project in Benguela Province.

The proceeds of this loan were used to partially finance a $90 million commercial contract with China Tiesiju Civil Engineering Group.

This project will seek to establish 45,000 household connections to the electricity grid in the municipalities of Lobito, Benguela, Catumbela and Baía Farta within Benguela Province. It reached implementation, but its precise implementation start and end dates are unknown. See Record ID#65748 for other water and energy sector projects financed through the 2015 CDB facility.

📋 Staff Comments

The Portuguese project title is Projecto de Electrificação e Ligações Domiciliares na Província de Benguela. The $15 billion facility agreement (captured in Project ID#66847) is fully disbursed.

📚 Sources & References

Plano de acção do sector de energia e águas 2018-2022
Projetos de eletrificação em Benguela
PLANO DE ACÇÃO DO SECTOR DE ENERGIA E ÁGUAS 2018-2022
Energia de Laúca chega ao Huambo
Chinese firm awarded US$90-mln electrification project in Angola
NOVOS POSTOS DE TRANSFORMAÇÃO BENEFICIAM MAIS DE MIL CONSUMIDORES
Chinese Loans to Africa Database 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.