Loading grant details…
CWE provides $22.1 million supplier’s credit for Phase 2 of 2x20 MW Nam Mang 3 Hydropower Station Project (Linked to Record ID#63225)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | China International Water and Electrical Corporation (CWE) |
| Country | Lao People's Democratic Republic |
| Start Date | Jan 01, 2003 |
| End Date | Jun 10, 2033 |
| Duration | 11,118 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 63233 |
Grant Description
CWE provides $22.1 million supplier’s credit for Phase 2 of 2x20 MW Nam Mang 3 Hydropower Station Project In 2003, China International Water & Electric Corporation (CWE) and the Government of Laos signed a supplier’s credit agreement for Phase 2 of the 2x20 MW Nam Mang 3 Hydropower Station Project.
The estimated face value of the supplier’s credit is $22,175,830.
The borrower was to use the proceeds from the supplier’s credit to finance 80% of the $27,719,788 cost of a commercial (EPC) contract that CWE and Électricité du Laos (EDL) signed on June 23, 2003.
In order to finance its supplier’s credit agreement with the Government of Laos, CWE secured an export seller’s credit from China Eximbank.
The purpose of the project was to reconstruct 6 substations and install 30 km of 115KV and 22KV transmission lines between the Nam Mang 3 Hydropower Station, Khoksaad, Thanaleng, and Naxaythong. This project reached completion status in 2005.
Staff Comments
- This project is also known as the Nam Mang 3 Hydropower Substation Transmission Project.
- The Chinese project title is 南梦3水电站项目 or 老挝南梦3水电站附属输变电站修建和输变电线路架设项目 or 南梦3附属输变电站修建和输变电线路架设项目.
- China Eximbank also financed Phase 1 of the project (see Project ID#63225).
Sources & References
- 老挝南椰2水电站项目成功签署特许经营协议
- 中水公司与老挝电力公司签署输变电站建设和线路架设合同
- Domestic Power System Expansion Power System Development Plan Final Report
- Nam Mang 3 hydropower dam
- Lao PDR
- NEW LAO DAM EMBROILED IN CONTROVERSY
- Water governance in multipurpose hydropower and irrigation schemes: Case study of the Nam Mang 3 Project in Lao PDR
- Hydropower resettlement and livelihood adaptation: The Nam Mang 3 project in Laos 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.
All Grantees
China International Water and Electrical Corporation (CWE)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
