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CDB provides loan for Malabo Turbogas Plant Expansion Project (Linked to Record ID#62258)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Equatorial Guinea |
| Country | Equatorial Guinea |
| Start Date | Jan 01, 2021 |
| End Date | Jun 09, 2028 |
| Duration | 2,716 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 97774 |
Grant Description
CDB provides loan for Malabo Turbogas Plant Expansion Project On January 22, 2019, the Hubei Branch of China Development Bank (CDB) and the Government of Equatorial Guinea signed an EUR 200 million sovereign credit cooperation agreement (captured via Record ID#62258).
CDB subsequently approved a loan for the Malabo Turbogas Plant Expansion Project. The face value of the loan is unknown. However, it is known that CDB made a $6,439,074.35 loan disbursement on June 24, 2022. The purpose of the project was to conduct maintenance and expansion work at the 42MW Turbogas Power Plant in Malabo.
CMEC was the contractor responsible for implementation.
The implementation of the project commenced on July 1, 2021 and the 42MW power plant was connected to the grid on November 26, 2022.
Staff Comments
- 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.
- The Spanish project title is Proyecto de Ampliación de la Planta Turbogas de Malabo or El proyecto de ampliación de la Planta de TurboGas or Ampliación de Planta Turbo gas de Malabo con un Grupo Turbogenerador de 42 MW or Ampliacion de la Planta Turbogas de Malabo. The Chinese project title is 赤道几内亚首都燃机电厂扩建项目 or 并网发电该项目 or or 马拉博燃机电 or 赤道几内亚马拉博燃机项目.
- The face value of the loan is unknown. For the time being, AidData relies upon the value of the June 24, 2022 loan disbursement as a proxy. This issue warrants further investigation.
Sources & References
- Embajada de China Malabo
- El Ministro de Industria y Energía
- Excmo. Sr. Don Miguel EKUA ONDO, visita la Planta de TurboGas, en Malabo.
- CUADRO DE UTILIZACIONES REALIZADOS EN 2022 (EN FRANCOS CEFAS)
- SITUACION TRIMESTRAL DE LA DEUDA DE GUINEA ECUATORIAL 2022 (EN FRANCOS CEFAS)
- El Ministro de Industria y Energía
- Excmo. Sr. Don Miguel EKUA ONDO, visita el proyecto de ampliación de la Planta de TurboGas
- Un fallo técnico en Turbogas señalado como causa de los recientes apagones en Malabo, pero en unas horas todo volverá a la normalidad
- LEY DE PRESUPUESTOS GENERALES DEL ESTADO REPUBLICA DE GUINEA ECUATORIAL Presidencia del Gobierno 2023
- INFORME DE LA DEUDA P U BLICA DE GUINEA ECUATORIAL Al 30 de junio de 202 2 (Primer Semestre)
- 中企承建的赤道几内亚首都燃机电厂扩建项目并网发电
- 中企承建的赤道几内亚首都燃机电厂扩建项目并网发电
- 赤道几内亚马拉博燃机项目完成72+24小时试运行
- 赤道几内亚马拉博燃机项目完成72+24小时试运行
- INFORME DE LA DEUDA PUBLICA DE GUINEA ECUATORIAL Al 30 de junio de 2022 (Primer Semestre)
- Development projects (SONAGAS Sociedad Nacional de Gas G.E.)
- Ministry of Finance of Equatorial Guinea's 2019 Borrowing Plan
- Notas_explicativas_CCADP_Estados_financieros_2019_003_Copy
- INFORME DE LA DEUDA PUBLICA DE GUINEA ECUATORIAL 2021 Y PERSPECTIVAS A CORTO PLAZO 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
Government of Equatorial Guinea
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