Chinese Government pledges $50 million loan to develop energy sector

$50M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Cambodia
Country	Cambodia
Start Date	Sep 14, 2012
End Date	Mar 28, 2033
Duration	7,500 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`32235`

Grant Description

Chinese Government pledges $50 million loan to develop energy sector On September 14th 2012, China has offered to loan Cambodia 50 million US dollars every year to develop the Kingdom’s energy sector.

The loan would be used for development of rural electicity; projects include building more dams to meet the country's energy demands, more power grids to so that the generated electricity can reach the locals from various districts as well as more substations so that the energy from high tension lines can be converted to those used on a local level.

📚 Sources & References

China offers loans for power grid
China offers US$50mil loan for Cambodia’s power grid
柬工矿部长：希望中国每年提供5000万美元助柬加强输电网建设 ... 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.