Active Development AidData Chinese Aid

[China-Venezuela Joint Fund] CDB funds USD 100 million National Public Lighting Plan (linked to Record ID#58677, 94081, 94082, and 94084)

Funder	China Development Bank (CDB)
Recipient Organization	Banco de Desarrollo Económico y Social de Venezuela (BANDES)\|China-Venezuela Joint Fund
Country	Venezuela
Start Date	Mar 31, 2014
End Date	Jul 21, 2029
Duration	5,591 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`94080`

Grant Description

[China-Venezuela Joint Fund] CDB funds USD 100 million National Public Lighting Plan On March 31, 2014, the Venezuelan government approved the use of USD 375 million from the China-Venezuela Joint Fund (see Record ID#58377) for four projects to improve of the national electricity system (Spanish: Sistema Eléctrico Nacional (SEN)).

One of the projects was the National Public Lighting Plan (Spanish: Plan Nacional de Alumbrado Público). The project cost USD 100 million and involved replacing and rehabilitating public lighting in towns and along highways. Work began in Caracas on May 14, 2014. The project was intended to improve lighting around the country.

It was implemented by CORPOELEC, the Venezuelan state-owned electricity company. Two years after the project started, 70% of public lights in Caracas were described as being in "poor condition". It is unclear when, or if, this project was completed.

The other projects for which the USD 375 million was allocated were USD 93 million for new transmission substations (see Record ID#94081), USD 80 million for the Plan to Eliminate Illegal Taps (see Record ID#94082), and USD 100 million for the acquisition of special units for the electrical sector (see Record ID#94084).

📋 Staff Comments

No transaction amount is recorded for this project because it is captured in project ID#58677.
This project and its linked projects were committed relatively late in the China-Venezuela Joint Fund. It is unclear which tranche the funding came from, but it is most likely from Tranche C (see project ID#38316), which financed other electricity projects.

📚 Sources & References

70% del alumbrado público en Caracas está en “malas condiciones”
Jesse Chacón: Más de 373 millones de dólares fueron aprobados para el mejoramiento del SEN
Cuadrillas de Anzoátegui comienzan plan nacional de alumbrado público
CORPOELEC puso en marcha Plan de Alumbrado Público en la Gran Caracas
En Zulia activan Plan Nacional de Alumbrado Público en la Circunvalación 2
Operación Cocuyo ha recuperado 644 luminarias en seis municipios de Cojedes 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.