Overview

China Provides $450,000 for Chuuk Utility Corporation (Linked to Record ID#61558)

Commitments (Constant USD, 2023)$901,949

Commitment Year•2005Country of Activity•MicronesiaDirect Recipient Country of Incorporation•MicronesiaSector•EnergyFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 18, 2005

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

State-owned companies

Chuuk Public Utility Corporation

Loan description

China Provides $450,000 for Chuuk Utility Corporation (Linked to Record ID#61558)

Narrative

Full Description

Project narrative

Based on the release from the Congress of Micronesia, on November 28, 2005, Micronesian officials signed an agreement with Chinese officials in Palikir for a grant of $2.5 million USD (linked to Record ID#61558). USD 450,000 of the grant was provided to Chuuk Public Utility Corporation (CPUC) for the OMMU purpose. According to the Energy Jobs Network and Law Chapter, the CPUC was established in 1996 and is a state-owned company. It is linked to umbrella Record ID#61558, $2.5 million USD for government expenses in Micronesia.