Active Development AidData Chinese Aid

[China-Venezuela Joint Fund] CDB funds USD 93 million for new transmission substations (linked to Record ID#58677, 94080, 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	Mar 19, 2026
Duration	4,371 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`94081`

Grant Description

[China-Venezuela Joint Fund] CDB funds USD 93 million for new transmission substations 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)).

This project involved creating new transmission lines and substations. It's unclear when it was started, or if it was ever finished, but funds were allocated for it.

The other projects for which the USD 375 million was allocated were USD 100 million for the National Public Lighting Plan (see Record ID#94080), 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 system (see Record ID#94804).

📋 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

Jesse Chacón: Más de 373 millones de dólares fueron aprobados para el mejoramiento del SEN 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.