China Eximbank provides $29.97 million loan for 51MW Upper Keng Tawng Hydropower Plant Project (Linked to Record ID#98029, 96221)

📋 Staff Comments

1. This project is also know as the Upper Kengtawng Hydropower Project, the 51MW Upper KyaingTaung Hydropower Project, and the Upper Kyeintaung Hydropower Project. The Chinese project title is 上景唐水力发电厂. The Burmese project title is အထက်ကျ ိုင်ဵေတာင်ဵေရအာဵလျှပ်စစ်စီမဳကိန်ဵ.
2. The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
3. One unofficial source puts the face value of the loan at $9,504,000. Another unofficial source puts the face value of the loan at $34.72 million. However, AidData relies upon the face value ($29.97 million) reported in a 2018 audit report that was published by Myanmar’s Parliament (Pyidaungsu Hluttaw).
4. According to the World Bank's Debtor Reporting System (DRS), the weighted average maturity of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Myanmar was 19.3343-years in 2010. AidData estimates the maturity of the China Eximbank loan that supported the 51MW Upper Keng Tawng Hydropower Plant Project by using this figure. See https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0 5. According to the World Bank's Debtor Reporting System (DRS), the weighted average grace period of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Myanmar was 5.0126-years in 2010. AidData estimates the grace period of the China Eximbank loan that supported the 51MW Upper Keng Tawng Hydropower Plant Project by using this figure. See https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0 6. According to the World Bank's Debtor Reporting System (DRS), the weighted average interest rate of all official sector lending from Chinese creditors to government and government-guaranteed borrowing institutions in Myanmar was 3.7267% in 2010. AidData estimates the interest rate of the China Eximbank loan that supported the 51MW Upper Keng Tawng Hydropower Plant Project by using this figure. See https://www.dropbox.com/s/ab8qt4n6jijcbhd/IDS_Average%20interest%20on%20new%20external%20debt%20commitments.xlsx?dl=0

📚 Sources & References

• Four hydropower projects to continue implementation in 2019-2020 FY
• YANGON UNIVERSITY OF ECONOMICS DEPARTMENT OF COMMERCE MBF PROGRAMME EFFECT OF FOREIGN FINANCING IN SE DAW GYI HYDROPOWER PROJECT
• MMRD BULLETIN
• The Government of the Republic of the Union of Myanmar National Energy Management Committee Myanmar Energy Master Plan
• 中国在缅甸: 中国跨国公司加大在缅甸水电、原油及天然气 、原油及天然气以及采矿领域的投资力度
• BASELINE ASSESSMENT REPORT HYDROPOWER
• From scorched earth to parched earth
• 缅甸上景栋水电站项目邀请提交顾问服务建议书（截止：2020年1月16日）
• H.E. Union Minister U Win Khaing for Ministry of Electricity and Energy inspects Upper Keng Tawng Hydropower Project and Namhsam Substation
• Contract signing ceremony held between Electric Power No-1 Ministry and CNTIC
• 海外基础建设项目
• Overseas Market
• Upper Kengtawng Hydropower Project
• Myanmar, 6 Months Audit Report Update, news201211, news201211
• China Overseas Development Finance
• Unveiling China’s Corporate Power Play
• Upper Kengtawng dam
• Shan State
• Myanmar
• Upper Keng Tawng Hydropower Plant: The project is targeted to completed in March 2025
• Upper Kengtawng hydropower project expected to complete in March 2025
• Upper Kengtawng Hydropower Plant Project Promises a Brighter Future for Myanmar
• Upper Keng Tawng Hydro-power Project (51 MW) 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.