Narrative
Full Description
Project narrative
In 2023, China Eximbank signed an RMB 429 million overseas investment loan agreement with Laos-Cambodia Border Power Transmission and Transformation Co., Ltd. (老挝-柬埔寨边境输变电有限公司) — a special purpose vehicle and joint venture of Électricité du Laos (EDL) [30 percent equity stake] and YEIG Investment (HK) Co., Ltd) [70 percent equity stake] — for the 500kv Attapeu-Banna-Banthad Transmission Line Construction Project. The borrowing terms of the loan are unknown. The purpose of the project, which was undertaken on a build-operate-transfer (BOT) basis, was to construct a 201.37 km, 500kv power transmission line that links Phouvong substation in the Khong district of Attapeu province to the Banna and Banthad substations in Champasak province and and terminates at the country’s border with Cambodia. Upon completion, the transmission line was expected to transmit over 3.2 billion kWh of electricity annually. China Gezhouba Group Co., Ltd (CGGC) was the EPC contractor responsible for project implementation. The transmission line was put into operation on January 3, 2023.
Staff comments
1. This project is also known as the 500 kV Laos–Cambodia Transmission Project. The Chinese project title is 老挝班哈-班纳-阿速坡输变电项目. 2. Électricité du Laos is the state corporation of Laos that owns and operates the country's electricity generation, electricity transmission and electricity distribution assets. The company also manages the import and export of electricity from the national electricity grid of the country. 3. The concession agreement (BOT contract) was signed on October 13, 2023.