Loading grant details…
CJIC provides $16.94 million bridge loan for 330kV Kabwe-Pensulo Second Transmission Line Project (Linked to Record ID#72967)
| Funder | China Jiangxi International Economic and Technical Cooperation Co., Ltd. (CJIC) |
|---|---|
| Recipient Organization | Zambia Electricity Supply Corp. (ZESCO) |
| Country | Zambia |
| Start Date | Aug 20, 2018 |
| End Date | Nov 05, 2030 |
| Duration | 4,460 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 88639 |
Grant Description
CJIC provides $16.94 million bridge loan for 330kV Kabwe-Pensulo Second Transmission Line Project On August 20 2018, China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) provided a $16.94 million bridge loan (supplier’s credit) to ZESCO — a state-owned power company in Zambia — for the 330kV Kabwe-Pensulo Second Transmission Line Project.
The balance of the loan, as of December 31, 2019, was $10.6 million.
This project involved the construction of a 300 km, 330 kV second transmission line to improve the security and reliability of the supply of electricity between the Pensulo substation and the town of Kabwe. CJIC is the contractor responsible for implementation. Construction began on November 21, 2019.
The project had reportedly achieved a 70% completion rate as of October 8, 2020.
The originally expected project implementation commencement and conclusion dates were March 15, 2019 and December 30, 2020, respectively.
Staff Comments
- This project is also known as the Kabwe-Pensulo Second Transmission Line, 330kV - Bridging Finance Project. The Chinese project title is 卡布韦至潘索罗330千伏输变电项目 or 赞比亚ZESCO输变电项目 or 330千伏输变电项目.
- In 2018, China Eximbank and ZESCO — a state-owned power company in Zambia — signed a $114,138,082.756 loan agreement for the 330kV Kabwe-Pensulo Second Transmission Line Project (captured via Project ID#72967).
- The loan's likely started in September 2018 based on observed data.
Sources & References
- SAIS-CARI Loans China
- PIDA Progress Report 2016
- 赞比亚ZESCO输变电项目进入基础施工阶段, 【设备类】中国电建江西院赞比亚330kV Kabwe Stepdown-Pensulo Transmission Line互感器及避雷器设备采购项目招标公告
- 中国驻赞比亚大使李杰视察赞比亚江西经济合作区和输变电项目
- Kabwe to Pensulo in Serenje Transmission Line
- Zambia, 【服务类】中国电建江西设计院赞比亚KABWE-PENSULO 330kV 输变电工程物流服务招标公告, 【 设 备 类 】 中 国 电 建 江 ⻄ 院 赞 比 亚 330kV K a b w e S t e p d ow n - P e n su l o T r a n sm ission L in e 互 感 器 及 避 雷 器 设 备 采 购 项 目 招 标 公 告
- 李杰大使走访慰问中央省中资企业
- 给赞比亚3C公司的贺信, 【服务类】中国电建江西院赞比亚KABWE-PENSULO 330kV 输变电工程运输代理预中标结果公示
- 公司对外承包工程业务新签合同额和完成营业额连续六年双双进入全国前50强
- ZESCO Integrated Report 2017, 2017 Integrated Report
- Chinese Loans to Africa Database
- Energy sources for 2018
- 控疫情 抓生产 赞比亚ZESCO输变电项目紧张施工
- 中国对外承包工程国别（地区）市场报告 2019-2020
- 江西省2019年参与“一带一路”建设重点项目清单
- ZESCO 2016 Integrated Report
- 给赞比亚3C公司的贺信
- Zambia’s Chinese Debt in the Pandemic Era - Briefing Paper, 2019 Integrated Report 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)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
