Active Development AidData Chinese Aid

Chinese Government provides RMB 36.65 million interest-free loan — via March 2004 ETCA — for three hydropower projects (linked to Record ID#64759)

¥35.65M RMB

Funder	China Ministry of Commerce
Recipient Organization	Myanmar Ministry of Electric Power (MOEP)
Country	Myanmar
Start Date	Mar 24, 2004
End Date	Jun 10, 2029
Duration	9,209 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`49947`

Grant Description

Chinese Government provides RMB 36.65 million interest-free loan — via March 2004 ETCA — for three hydropower projects On March 24, 2004, the Chinese Government provided an RMB 200 million interest-free loan (captured in Record ID#64759) — through an Economic and Technical Cooperation Agreement (ETCA) — to the Government of Myanmar to support various projects and activities overseen by various government ministries.

Myanmar’s Ministry of Electric Power reportedly used RMB 36.65 million of the loan proceeds to support three hydropower projects.

📋 Staff Comments

It is unclear if this grant commitment is related to the 2003 financial commitment for 3 small hydropower project as captured in Project ID#49940.
Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity to 20-years by default and grace period to 10-years by default p, er China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

Sino-Myanmar Economic Relations Since 1988
Sino-Myanmar Economic Relations Since 1988 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.