Overview

Chinese Government pledges $50 million loan to develop energy sector

Commitments (Constant USD, 2023)$54,190,892

Commitment Year•2012Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 14, 2012

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Government of Cambodia

Loan desecription

Chinese Government pledges $50 million loan to develop energy sector

Interest type•Unknown

Narrative

Full Description

Project narrative

On September 14th 2012, China has offered to loan Cambodia 50 million US dollars every year to develop the Kingdom’s energy sector. The loan would be used for development of rural electicity; projects include building more dams to meet the country's energy demands, more power grids to so that the generated electricity can reach the locals from various districts as well as more substations so that the energy from high tension lines can be converted to those used on a local level.