China Eximbank provides $55 million preferential buyer’s credit for Phase 1 of Load Dispatch Center Project

In 2009, China Eximbank and Électricité du Laos (EDL) — a Lao state-owned power company — signed a $55 million preferential buyer’s credit (PBC) agreement for Phase 1 of the Load Dispatch Center Project. The proceeds of the PBC were to be used by the borrower to partially finance a commercial (EPC) contract with Alcatel-Lucent Shanghai Bell. The purpose of the project was to develop the National Load Dispatch Center (LDC) to improve operational efficiency of the Lao power grid and facilitate its integration with other GMS power systems. It involved the laying of fiber optic cable to link the LDC to 16 power stations. Alcatel-Lucent Shanghai Bell was the EPC contractor responsible for implementation. A formal groundbreaking ceremony took place on November 28, 2009. Then, on September 11, 2013, a project completion ceremony was held.

Additional details

1. The Chinese project title is 贷建设的老挝电力调度中心项目 or 建设的老挝电力调度中心项目. 2. The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.

Number of official sources

4

Number of total sources

8