Project ID: 38715

China Eximbank pledges loan for 1320MW Pak Lay Hydropower Project

Pledged amount

$ 89770000.0

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]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Lao People's Democratic Republic

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

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2017

Description

On June 11, 2007, Sinohydro signed a Memorandum of Understanding (MoU) with the Government of Lao PDR regarding the 1320MW Pak Lay Hydropower Project. This project involves the construction of a dam that is 630 meters long, 35 meters high, with a 108 sq km area. 5,010 people would need to be resettled as a result of the dam, although there is a proposal under consideration to reduce these resettlement impacts. There are also concerns that the dam along the Mekong river would seriously adversely affect the environment as the Mekong river is the site of a major inland fishery. As of 2009, the project was undergoing feasibility studies. Then, on August 25, 2017 a feasibility study report was approved by the Lao Government. Construction is expected to start in 2022 and the commercial operations are expected to begin in 2029. China Eximbank has reported expressed interest in financing this project. However, However, AidData has not identified any evidence that a loan agreement with China Eximbank was ever finalized.

Additional details

This project is also known as the Pak Lay BOT Project. The Chinese project title is 老挝芭莱水电站项目. In the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020, it identifies this project as being supported by a $90 million China Eximbank loan commitment.

Number of official sources

8

Number of unofficial sources

18

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Laos [Government Agency]

Implementing agencies [Type]

China National Electronics Import & Export Corporation (CEIEC) [State-owned Company]; SinoHydro [State-owned Company]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No