Active Development AidData Chinese Aid

CDB provides $83.3 million loan for High Voltage Electrical Network Expansion and Maintenance Project (Linked to Record ID#62258)

$83.32M USD

Funder	China Development Bank (CDB)
Recipient Organization	Government of Equatorial Guinea
Country	Equatorial Guinea
Start Date	Jan 22, 2019
End Date	Apr 11, 2033
Duration	5,193 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`87017`

Grant Description

CDB provides $83.3 million loan for High Voltage Electrical Network Expansion and Maintenance Project On January 22, 2019, the Hubei Branch of China Development Bank (CDB) and the Government of Equatorial Guinea signed an EUR 200 sovereign credit cooperation agreement (captured via Record ID#62258).

📋 Loan / Grant Terms

📅 Maturity10 years

⏳ Grace Period3 years

According to Caja Autónoma de Amortización de la Deuda Pública within Equatorial Guinea’s Ministry of Finance and Budget, this loan had fully disbursed as of December 31, 2019 but the borrower had not made any principal or interest repayments as of December 31, 2019.

Caja Autónoma de Amortización de la Deuda Pública later reported the CDB made an additional disbursement for the High Voltage Electrical Network Expansion and Maintenance Project worth $19,501,799.09 on June 10, 2022.

The purpose of the project is to expand and maintain the high-voltage electrical network in Equatorial Guinea's Continental Region.

📋 Staff Comments

The Spanish project title is Red Eléctrica Alta Tensión Ampliacion y Mantenimiento Proyecto or Proyecto de Ampliación, Operación y Mantenimiento de la Red Eléctrica de Alta Tensión de la Región Continental, or ampliacion, mant, red elect alta tension.
The face value of the loan is drawn from ‘Cuadro General de la deuda al 31/12/2019’ from the Caja Autónoma de Amortización de la Deuda Pública within Equatorial Guinea’s Ministry of Finance and Budget.
For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

SAIS-CARI Loans China
List of Chinese loans published of Equatorial Guinea Ministry of Finance Website in 2021, deuda externa e interna, 2019年国家开发银行湖北省分行运行情况
驻赤道几内亚大使陈国友会见国家开发银行湖北省分行行长
Presupuesto Inversión Pública
CUADRO DE UTILIZACIONES REALIZADOS EN 2022 (EN FRANCOS CEFAS)
SITUACION TRIMESTRAL DE LA DEUDA DE GUINEA ECUATORIAL 2022 (EN FRANCOS CEFAS)
LEY DE PRESUPUESTOS GENERALES DEL ESTADO REPUBLICA DE GUINEA ECUATORIAL Presidencia del Gobierno 2023
Notas_explicativas_CCADP_Estados_financieros_2019_003_Copy
Ministry of Finance of Equatorial Guinea's 2019 Borrowing Plan 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.