Overview

Chinese Government provides RMB 15 million loan for the New Generator Plant Construction Project in Sinde (linked to Record ID#85365)

Commitments (Constant USD, 2023)$3,812,532

Commitment Year•2004Country of Activity•MyanmarDirect Recipient Country of Incorporation•MyanmarSector•EnergyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2004

End (actual): Nov 22, 2004

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

Myanmar Ministry of Industry

Implementing agencies

State-owned companies

China National Machinery Import & Export Corporation (CMC)

Loan desecription

Chinese Government provides RMB 15 million loan for the New Generator Plant Construction Project in Sinde

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2004, the Chinese Government and the Government of Myanmar signed an RMB 80 million loan agreement for various projects (recorded in Record ID#85365). RMB 15 million of the loan proceeds were reportedly used to build a new generator plant in Sinde. Myanmar’s Ministry of Industry, which received the loan, purchased generator parts for this plant from China National Machinery Import and Export Corporation on November 22, 2004.