Project ID: 34449

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

Commitment amount

$ 3582781.24

Constant 2017 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Myanmar

Sector

Energy (Code: 230)

Flow type

Loan

Concessional

Vague

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2004

Completion

2004

2004-11-22

Actual

Description

In 2004, the Chinese Government and the Government of Myanmar signed an RMB 80 million loan agreement for various projects (recorded in project #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.

Number of official sources

1

Number of unofficial sources

4

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Details

Cofinanced

No

Receiving agencies [Type]

Myanmar Ministry of Industry [Government Agency]

Implementing agencies [Type]

China National Machinery Import & Export Corporation (CMC) [State-owned Company]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No