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CDB provides $47.3 million loan for Electrification and Home Connections Project in Cabinda 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 | Sep 24, 2026 |
| Duration | 3,701 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 73517 |
Grant Description
CDB provides $47.3 million loan for Electrification and Home Connections Project in Cabinda 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 $47.3 million loan to the Government of Angola for the Electrification and Home Connections Project in Cabinda Province.
The proceeds of this loan were used to partially finance a commercial contract worth $59.99 million with an unknown Chinese firm. This project sought to establish 30,00 household connections to the electricity grid in Cabinda 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 Cabinda. 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
- Plano de acção do sector de energia e águas 2018-2022
- Energia de Laúca chega ao Huambo
- Projetos de eletrificação em Benguela
- Chinese firm awarded US$90-mln electrification project in Angola
- Potência energética aumenta na periferia de Cabinda
- Chinese Loans to Africa Database
- Empresa chinesa conclui projeto elétrico em Angola 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.
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Government of Angola
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