Completed Mixed AidData Chinese Aid

China Eximbank provides $298.88 million preferential buyer’s credit for Kinsuka 220KV Substation and Associated Distribution Networks Project (Linked to Record ID#460)

$298.88M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Democratic Republic of Congo
Country	Democratic Republic of the Congo
Start Date	Oct 28, 2018
End Date	May 24, 2026
Duration	2,765 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59085`

Grant Description

China Eximbank provides $298.88 million preferential buyer’s credit for Kinsuka 220KV Substation and Associated Distribution Networks Project On October 28, 2018, China Eximbank and the Government of the Democratic Republic of Congo signed a $298,880,000 preferential buyer’s credit (PBC) agreement [CHINA EXIMBANK PBC NO (2018) TOTAL NO 480] for the Kinsuka 220KV Substation and Associated Distribution Networks Project (captured via Record ID#59085).

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

The loan's (principal) amount outstanding was $52,743,617.40 in 2021 and $85,915,703.90 2022.

The purpose of the project was to evacuate power from the 150MW Zongo II Hydroelectric Dam, which was financed through a separate China Eximbank PBC (as captured via Record ID#460).

The project involved the construction of the 220KV substation in Kinsuka commune and associated medium and low voltage distribution networks in the west of Kinshasa (in the municipalities of Mont Ngafula and Ngaliema). Shanghai Electric Group was the general EPC contractor responsible for implementation.

Taichang Electric and Société Nationale d’Electricité (SNEL) were also involved in project implementation. A formal groundbreaking ceremony took place on July 27, 2021. However, construction reportedly began several months earlier in April 2021.

By May 2023, the project was nearing completion and China's Ambassador to the DRC announced that Kinsuka substation would transmit power to nearly two million residents in the capital Kinshasa (approximately 6 months before DRC President Tshisekedi would stand for re-election). The project was ultimately completed and the substation was officially inaugurated on November 13, 2023.

President Felix Tshisekedi was re-elected in December 2023.

📋 Staff Comments

This project is also known as the construction of the Kinsuka 220KV substation and associated medium and low voltage distribution networks project and the Kinsuka Substation and Associated Distribution Network Project. The French project title is Construction du poste 220KV de Kinsuka et des réseaux de distrubution moyenne et basse tension associés (pour la connexion de Zongo ll). The Chinese project title is 金苏卡变电站升级改造项目 or 金苏卡220千伏变电站及相关配网项目.
The China Eximbank loan that supported this project is not included in the 2020 version of the China’s Global Energy Finance database published by Boston University.
In the database of Chinese loan commitments that SAIS-CARI released in July 2020, the borrowing terms of the China Eximbank loan for the Kinsuka 220KV Substation and Associated Distribution Networks Project are not identified. AidData relies on the borrowing terms recorded by the Government of the Democratic Republic of Congo (via https://dgdp-rdc.org/wp-content/uploads/2019/11/DGDP-Rapport-Annuel-2018.pdf).
The Congolese Government's SYGADE loan identification number is 362210204. SYGADE is the French acronym for Debt Management and Financial Analysis System (DMFAS).

📚 Sources & References

ETAT DES LIEUX
Discours du directeur general de la SNEL SA
Monsieur Jean-Bosco Kayombo Kayan a l’occasion de l’inauguration de la Central Hydroélectrique de Zongo II
La Banque chinoise l’Eximbank accorde à la RDC 360 millions USD
Zongo II
China's Global Energy Finance
Global Energy Observatory
驻刚果（金）大使朱京在刚主流媒体发表署名文章祝贺刚独立60周年
Rapport Annuel 2018
来了！2019年中刚合作成果盘点（三） —迈向2020
Rapport Annuel 2018
AMP (China Only) From 28 March 2018
上海电气与刚果（金）合作的金苏卡220千伏变电站及配套电网开工
泰昌电工参与的金苏卡220千伏变电站及配套电网项目举行开工仪式
Congo (DRC) Kinsuka Substation and Associated Distribution Network Project Financed by China Eximbank Started Construction
Annual Report of Public Debt 2019
Annual Report of Public Debts 2018
DRS Official Commitments from China through 2020
RAPPORT ANNUEL 2018
Poste électrique 220 KV de Kinsuka : pour le ministre des ressources hydrauliques et de l’électricité, ce projet va augmenter le taux de desserte en électricité à Kinshasa et réduire les délestages
Kinshasa : lancement des travaux de construction du poste électrique 220KV de Kinsuka
Le Président de la République a lancé
Poste 220 KV de Kinsuka : Un projet capable de résoudre les problèmes d’électricité à Kinshasa
Mediacongo.Net – News – Improving Electrical Energy: A Group Of Mining Experts Recommend Taking Advantage Of Busanga Dam Experience
PROJECT DE CONSTRUCTION DU POSTE 220 KV KINSUKA ET DES RESEAUX DE DISTRIBUTION ASSOCIES
DRS Official Commitments from China Through 2021
BULLETIN TRIMESTRIEL DE LA DETTE PUBLIQUE QUATRIEME TRIMESTRE 2021
BULLETIN TRIMESTRIEL DE LA DETTE PUBLIQUE PREMIER TRIMESTRE 2022
La construction de la station de transmission électrique de Kinsuka, financée par le prêt concessionnel du gouvernement 🇨🇳, est en train d'être finalisée. L'entrée en service de cette station va améliorer sensiblement l'accès à l'électricité des habitants de Kinshasa.
DRC: President Félix Tshisekedi proceeded, this Tuesday, to the laying of the first stone for the construction of the 220KV substation of Kinsuka and the associated distribution networks
DR Congo president inaugurates Chinese-built power substation
刚果（金）宗戈-金苏卡变电站 220千伏输电线路提前实现贯通
La station de Kinsuka renforce le réseau local de 50 mégawatts supplémentaires
Le Président Félix Tshisekedi a inauguré, ce lundi, le poste électrique 220 KV de Kinsuka dont il avait lancé les travaux le 27 juillet 2021
Speed is the One of the Key Hallmarks of Chinese Infrastructure Diplomacy in Africa
La station de Kinsuka renforce le réseau local de 50 mégawatts supplémentaires », a dit Fabrice Lusinde
Directeur général de la #SNEL
Le Président Félix Tshisekedi a inauguré, ce lundi, le poste électrique 220 KV de Kinsuka dont il avait lancé les travaux le 27 juillet 2021
Le Président Félix Tshisekedi a inauguré, ce lundi, le poste électrique 220 KV de Kinsuka dont il avait lancé les travaux le 27 juillet 2021.
Fourth Trimester 2022 Public Debt Bulletin, 2021 Annual Report Public Debt Addendum
Trimestral Public Debt Bulletin First Trimester 2023
FOCUS-BRI Country Report Framing Opportunities for Conservation by Understanding Safeguards in the Belt and Road Initiative: Democratic Republic of the Congo
New Power Station in the DR Congo Showcases Why Democratically-Elected Leaders in Africa Really Like Working With China
赵斌大使出席刚果（金）金苏卡输变电启用仪式
Quarterly Public Debt Report Fourth Quarter 2024 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 Democratic Republic of Congo

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