Completed Development AidData Chinese Aid

China Eximbank provides RMB 475.4 million government concessional loan for 115kV Transmission Line and Substation from Phnom Penh to Bavet Project

¥475.41M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Cambodian Ministry of Economy and Finance
Country	Cambodia
Start Date	Aug 09, 2013
End Date	Jan 01, 2027
Duration	4,893 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`32149`

Grant Description

China Eximbank provides RMB 475.4 million government concessional loan for 115kV Transmission Line and Substation from Phnom Penh to Bavet Project On December 21, 2009, Chinese Vice President Xi Jinping and the Cambodian Ministry of Economy & Finance signed an agreement to provide a loan for the 115kV Transmission Line and Substation from Phnom Penh to Bavet Project.

Then, on August 9, 2013, China Eximbank and the Government of Cambodia signed an RMB 475,414,600 government concessional loan (GCL) agreement [China EXIMBANK GCL NO. 2013 (36) Total NO. (481)] for the 115kV Transmission Line and Substation from Phnom Penh to Bavet Project. This agreement was approved by the Government of Cambodia on October 16, 2013.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate1.25%

The proceeds of the GCL were used 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 December 28, 2012.

The purpose of the project was to construct a 160km, 115kv transmission line from Phnom Penh to Bavet City via Kandal, Prey Veng, and Svay Rieng Provinces.

The project also involved the construction of the Kampong Soeng Substation and Chrak Mteer Substation and the expansion of the Phnom Penh South Substation.

This project is part of an electricity transmission loop line around Phnom Penh that connects it to transmission lines that brings electricity from all over Cambodia, including the Kamchay, Stung Tatay, Russey Chrum Krom, Cheay Araeng and Susan Krom II hydroelectric dams. CHMC was the EPC contractor responsible for implementation.

A groundbreaking ceremony was held on February 27, 2014. The transmission line was electrified on February 2, 2017. The project was officially completed and handed over the project to the local authorities on April 19, 2017. Chinese Ambassador Xiong Bo and Cambodian Minister of Minerals and Energy Resai attended the handover ceremony.

📋 Staff Comments

This project is also known as the Phnom Penh Babcock & Wilcox Power Transmission Project. The Chinese project title is 柬埔寨金边-巴威115kV输变电EPC工程项目.
In the Overseas Development Finance Dataset that it published in December 2020, Boston University’s Global Development Policy Center identifies the commitment year of the loan that supported this project. AidData relies on the commitment year of 2013 because of the specific date [August 9, 2013] when the loan agreement was signed [August 9, 2013] and the loan identification number [China EXIMBANK GCL NO. 2013 (36) Total NO. (481)].

📚 Sources & References

China invests $80 mln in Cambodian power sector
EdC signs electricity line deal with China
CDC Phnom Penh Loop Line Transmission System
China's Xi to sign 14 economic deals today
China's Xi to sign 14 economic deals today
Cambodian premier
Chinese vice-president witness document-signing
Cambodia tightens economic links with China
President Lu Site Inspection to Phnom Penh Loop Line Transmission System Project in Cambodia
PHNOM PENH LOOP LINE SUBSTATION OPERATED WITH ELETRICITY POWER SUCCESSFULLY
EdC signs electricity line deal with China
驻柬埔寨大使布建国出席金边－巴威输变电项目开工仪式
中國提供7558萬貸款‧金邊柴楨高壓輸電網3年建成供電4省
援金边-巴威输变电项目开工
布建国大使出席金边-巴威输变电项目开工仪式
Founding Ambassador cloth and Yoshiharu Deputy Prime lending framework agreement signed
CDC Construction of 115kV Transmission Line and Substation from Phnom Penh to Bavet Project
KICK-OFF MEETING OF CAMBODIA PHNOM PENH-BAVET POWER TRANSMISSION PROJECT
WAS HELD IN PHNOM PENH
Phnom Penh Loop Line Transmission System
Power to the provinces
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中国进出口银行李若谷行长访问柬埔寨
熊波大使与柬埔寨矿产能源部大臣瑞赛共同出席金边-巴威输变电项目正式运行仪式
Exporting the Chinese Model to BRI Countries: Cambodia as A Case Study
Electricite de Cambodge Annual Report 2015
布建国大使与吉春副首相签署优惠贷款框架协议
Project/Program Information and Implementation Arrangements
我优惠贷款支持的金边-巴威输变电项目开工
The Phnom Penh-Bavet 115kV Transmission Line Finished the 72 Hours Charged Operation Successfully
Electric Power--CHMC
中国重机签订柬埔寨金边-巴威输变电EPC工程合同_COSLOG工程_新浪博客
Chinese vice-president Xi to witness signing of 14 agreements with Cambodia
China Overseas Development Finance Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.