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Overview

China Eximbank provides RMB 116.6 million government concessional loan for Phase 2 of the 230 kV Loop Transmission Line Project (Eastern Loop Line Part II) (Linked to Record ID#62337 and #62335, #62321)

Commitments (Constant USD, 2023)$18,364,710
Commitment Year•2017Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 16, 2017
Start (actual)
Feb 3, 2021
End (planned)
May 16, 2020
First repayment
Dec 31, 2023
Last repayment
Dec 27, 2036

Geospatial footprint

Map overview

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This project involved the construction of four new 230kV substations (including the Kampong Thom substation, the East Phnom Penh substation), the expansion of seven existing 230kV substations (including the Stung Treng substation and the Kratie substation), the construction of an 85km, 230kV double circuit transmission line from switchyard of Tatay hydropower station to the Botom Sarkor substation, and the construction of a 72 km, 115kV transmission line from Ream to Chamkar Loung. More detailed locational information can be found at: Kampong Thom Substation: https://www.openstreetmap.org/node/9145257888 Tatay hydropower station: https://www.openstreetmap.org/way/789748252

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

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Cambodian Ministry of Economy and Finance

Implementing agencies

Government Agencies

  • Electricite du Cambodge

State-owned companies

  • China National Heavy Machinery Corporation (CHMC)

Loan desecription

China Eximbank provides RMB 116.6 million government concessional loan for Phase 2 of the 230 kV Loop Transmission Line Project (Eastern Loop Line Part II)

Grace period•7 yearsGrant element•56.0077%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On May 16, 2017, China Eximbank and Cambodia's Ministry of Economy and Finance signed an RMB 116,620,120 government concessional loan (GCL) agreement for Phase 2 of the 230 kV Loop Transmission Line Project (Eastern Loop Line Part II). The GCL carried the following terms: 20-year maturity, 7-year grace period, and 2% interest rate. The proceeds of the GCL were to be used by the borrower to finance an EPC (commercial) contract between Electricite du Cambodge (EDC) — the country’s state-owned electricity utility — and China National Heavy Machinery Corporation (CHMC), which was signed on February 16, 2017. Phase 2 of the 230 kV Loop Transmission Line Project was implemented in two parts and financed with two separate China Eximbank loans. Part I is captured in Record ID#62337, and Part II is captured in this project. Part II of the 230 kV Loop Transmission Line Project involved the construction of four new 230kV substations (including the Kampong Thom substation, the East Phnom Penh substation), the expansion of seven existing 230kV substations (including the Stung Treng substation and the Kratie substation), the construction of an 85km, 230kV double circuit transmission line from switchyard of Tatay hydropower station to the Botom Sarkor substation, and the construction of a 72 km, 115kV transmission line from Ream to Chamkar Loung. Upon completion, the project was expected to deliver power to 250,000 non-electrified households and address the electricity needs of 850,000 users. CHMC was the EPC contractor responsible for implementation. Part II commenced on July 1, 2017 and it was expected to reach completion on May 16, 2020. As of March 2021, it was unclear if this project had reached completion. Phase 1 of 230 kV Loop Transmission Line Project was also completed in two sections- both of which were financed by China Eximbank PBC loans: the Tonle Sap Lake Loop Line section, which is captured in Record ID#62335, and the Phnom Penh Loop Line section, which is captured in Record ID#62321.

Staff comments

This project is also known as the Transmission Line 230 KV Project Phase II (Loop Line in Eastern Part of Cambodian National Grid Part II) or Phase 2 of the 230 KV Loop Transmission Line Project (Southwest Loop Line and Eastern Loop Line Part I). The Chinese project title is 柬埔寨国家电网230kV输变电二期项目（东部环网第一部). 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.