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China Eximbank provides RMB 309 million government concessional loan for Phase 2 of Stung Atay Pursat Dam Construction Project (Linked to Record ID#35582, #62239)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Cambodia |
| Country | Cambodia |
| Start Date | May 16, 2017 |
| End Date | Jul 30, 2032 |
| Duration | 5,554 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 48921 |
Grant Description
China Eximbank provides RMB 309 million government concessional loan for Phase 2 of Stung Atay Pursat Dam Construction Project The Stung Atay Pursat Dam Construction Project is a $255 million project that was implemented in two phases.
On September 29, 2010, China Eximbank and the Government of Cambodia signed a $63,134,700 preferential buyer's credit (PBC) agreement for Phase 1 of the Stung Atay Pursat Dam Construction Project (captured in linked Record ID#35582).
On May 16, 2017, China Eximbank and the Government of Cambodia signed an RMB 309 million government concessional loan (GCL) agreement for Phase 2 of the Stung Atay Pursat Dam Construction Project (captured in linked Record ID#48921).
Phase 1 involved the installation of two sets of ten-megawatt hydro turbines and generator units (4 x 5 MW).
Phase 2 involved the construction of the lower dam's powerhouse and the installation of four sets of 25MW hydro turbines and generator units (4 x 25 MW).
Phase 2 also involved the construction of a 115 kV transmission line from the hydroelectric plant to the Ou Saom Substation and the construction of a 230 kV transmission line from the Ou Saom substation to the Pursat Grid substation.
The project is located in a remote and jungle area in Stung Atay, which is an upstream tributary of Stung Ruxeg Chrum in Pursat Province. It is situated within Osang Township, Levin County, and Bodhisattva Province.
The geographical coordinates of the dam site are east longitude of 103°08’43” and north latitude of 11°58’20”. The project was implemented by C.H.D. (Cambodia) Hydropower Development Co. Ltd. (also known as Cambodia Hydropower Development Co.
Ltd.) — a subsidiary of the China Datang Group Overseas Investment Corporation and the SPV created for this project— and the Government of Cambodia.
They, in turn, hired China Yunnan Corporation for International Techno-Economic Cooperation (CYC), Yunnan Southeast-Asia Economy and Technology Investment Industrial Co., LTD., and Guangdong Foreign Construction Company (GDFC) as the EPC contractors to support the implementation of Phase 1 and Phase 2.
In May 2009, a project feasibility study was completed. Then, in September 2009, an Initial Environmental and Social Impact Assessment (IESIA) was completed. The IESIA was approved on November 12, 2009. A construction contract was issued in March 2010, and an order to commence construction was issued on January 26, 2010.
Phase 1 commenced on April 3, 2010. It was completed in June 2013 and an opening ceremony was held on March 27, 2014. On August 13, 2014, Unit 1 of the hydropower station was successfully connected to the grid. Phase 2 commenced on May 16, 2017, and it was expected to be completed on May 16, 2020. As of May 2018, the Stung Atay power plant supplied Cambodia with nearly 1.2 billion kWh of power.
This project supported the China Datang Corporation investment in C.H.D. (Cambodia) Hydropower Development Co.
Ltd. under which the the Phnom Penh-Battambang Power Transmission Project to transmit 230 kV power from the 120 MW Stung Atay Hydropower Plant was planned to proceed in a Build-Operate-Transfer (BOT) project structure (see Record ID#62239).
Staff Comments
This project is also known 120MW Stung Atay Hydropower Project and the 120MW Stung Atay Hydroelectric Project. Phase 1 is also known as Development Project of Design-Build Stung Pursat Dam. Phase 2 is also know as the Stung Pursat Dam No. 3 & 5 Development Project in Pursat Province. The Chinese project title is Stung Pursat 3号坝与5号坝发展项目.Neither the $63,134,700 PBC from China Eximbank for Phase 1 nor the RMB 309 million GCL from China Eximbank for Phase 2 are included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
Sources & References
- Stung Pursat Dam No. 3 & 5 Development Project in Pursat Province - Phase II
- 我司承建柬埔寨菩萨省Stung Pursat 3号坝与5号坝发展项目
- 中国驻柬埔寨大使王文天等领导莅临我司承建项目视察
- 中国进出口银行与柬埔寨经济财政部签署贷款协议
- 金融时报：路桥连起中柬情 中国进出口银行发挥政策性金融优势助力中柬合作
- 柬埔寨菩萨河水坝工程即将竣工
- Project/Program Information and Implementation Arrangements
- Company introduction
- China Database 2017
- 进出口银行与柬埔寨经济财政部签署贷款协议, 2018年度在柬项目总监业务培训会议顺利召开
- 广东建工集团主要在建项目（12）
- REPORT ON POWER SECTOR OF THE KINGDOM OF CAMBODIA 2012 EDITION
- Hailing Datang's success
- Cambodia wants more China energy investment
- Environmental and social impact assessment: Stung Atay hydro-electric BOT project in Veal Veng district
- Pursat province
- Delegation of Full Powers
- REPORT ON POWER SECTOR OF THE KINGDOM OF CAMBODIA 2013 EDITION
- Cambodia Rural Electrification Strategy and Implementation Plan Final Report
- HYDRO POWER PLANTS IN CAMBODIA
- 公司重返柬埔寨市场，老挝分公司区域化管理迈出重要一步, ពិធីសម្ពោធដាក់ឲ្យដំណើរការវារីអគ្គិសនីស្ទឹងអាតៃ និងខ្សែបណ្តាញបញ្ជូនភ្នំពេញ-កំពង់ឆ្នាំង-
- Executive Summary
- Chinese State-Owned Enterprises and Infrastructure Development in Cambodia: The Tatay River Hydropower Dam Project
- China Overseas Development Finance
- Hydropower dams further undermine REDD+ efforts in Cambodia 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.
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Government of Cambodia
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