Completed Mixed AidData Chinese Aid

ICBC provides $10 million — via tranche B of $40 million loan — to EDL-Generation Public Company for working capital purposes (Linked to Record ID#62691)

$10M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	EDL-Generation Public Company
Country	Lao People's Democratic Republic
Start Date	Dec 20, 2017
End Date	Dec 21, 2028
Duration	4,019 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62827`

Grant Description

ICBC provides $10 million — via tranche B of $40 million loan — to EDL-Generation Public Company for working capital purposes On December 20, 2017, EDL-Generation Public Company, a subsidiary of Électricité du Laos, signed a $40 million credit facility agreement the Industrial and Commercial Bank of China Vientiane Branch for working capital purposes.

The facility consisted of two tranches: a $30 million tranche known as tranche A (captured in Record ID#62691) and a $10 million tranche known as tranche B (captured in Record ID#62827). Both tranches were fully disbursed January 2, 2018. Both tranches carried an interest rate of 6-month LIBOR (1.768% in December 2017) plus a 3.2% margin (or 4.968%).

The maturity length of the loan was 3-years after the drawdown.

📋 Staff Comments

Électricité du Laos (EDL) is the state corporation of Laos that owns and operates the country's electricity generation, electricity transmission and electricity distribution assets. The company also manages the import and export of electricity from the national electricity grid of the country. EDL-Generation Company Limited (EDL-Gen) was incorporated in 2010 and operates as a subsidiary of Electricite Du Laos.
For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

Invitation to the Annual General Shareholders' Meeting for the Year 2017
EDL-Generation Public Company The First Semi-Annual Report 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.