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China Development Bank participates in pledge of $203 million syndicated loan for Pensulo-Samfya-Mansa Transmission Line Project (linked to Record ID#69270)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Zambia Electricity Supply Corp. (ZESCO) |
| Country | Zambia |
| Start Date | Jan 01, 2020 |
| End Date | Mar 04, 2027 |
| Duration | 2,619 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 92433 |
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 Bank of China's contribution, see Record ID#69270.
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 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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