Project ID: 67623

China Eximbank pledges $57 million loan for 50MW power plant in Rakhine State (linked to project #64665)

Pledged amount

$ 64298083.4748206

Adjusted pledged amount

$ 64298083.4748206

Constant 2021 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 (China Eximbank) [State-owned Policy Bank]

Recipient

Myanmar

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

2013-10-24

Planned start

2013-10-24

Description

On October 24, 2013, President U Thein Sein proposed the construction of a 50-megawatt natural gas-fueled power plant in Rakhine State. More than USD $57 million was reportedly earmarked for the project from an RMB 30 billion (about $4.93 billion) loan pledge from China Eximbank (recorded in the linked project ID#64665). However, terms of the loan are unknown.

Number of official sources

0

Number of total sources

3

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Myanmar (Burma) [Government Agency]

Loan Details

Bilateral loan

Investment project loan