Chinese Government pledges $50 million loan to develop energy sector
Pledged amount
$ 50925234.62
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Cambodia
Sector
Energy (Code: 230)
Flow type
Loan
Concessional
Vague
Category
Project lifecycle
Description
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.
Number of official sources
0
Number of unofficial sources
3
Details
Cofinanced
No
Receiving agencies [Type]
Government of Cambodia [Government Agency]
Loan type
No Information
Gurarantee provided
No
Insurance provided
No