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China Eximbank pledges $17.48 million loan for 30MW Upper Baluchaung Hydropower Plant Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Myanmar Ministry of Electric Power (MOEP) |
| Country | Myanmar |
| Start Date | Nov 04, 2015 |
| End Date | Mar 23, 2032 |
| Duration | 5,984 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 63765 |
Grant Description
China Eximbank pledges $17.48 million loan for 30MW Upper Baluchaung Hydropower Plant Project In 2011, a Build-Operate-Transfer (BOT) contract was signed for the 30MW Upper Beluchaung Hydropower Plant.
In May 2011, China Eximbank also reportedly agreed to issue a $17.48 million loan for the 30MW Upper Baluchaung Hydropower Plant.
However in 2013, the project was suspended due to financing problems.
The project was later re-started with a loan from a Myanmar state-owned bank, with the Government of Myanmar holding a 40% stake in the project. A financing request for this project was reportedly submitted to China Eximbank under a cooperation fund in 2015. However, it is unclear if the request was approved.
Then, on November 4, 2015, China National Heavy Machinery Corporation (CHMC) and Myanmar Ministry of Electric Power (MOEP) signed an EPC contract for the 30MW Upper Baluchaung Hydropower Plant.
Representatives from China Eximbank attended the EPC contract signing ceremony, and it was said that "The financing will be integrated into the sum of cooperation requested by Burma from the Exim Bank".
The purpose of the project is to construct a 30MW hydroelectric power plant — with two, 15MW power generation units (Unit 1 and Unit 2) — Nyaungshwe Township within the upper reaches of the Baluchaung River upstream of the Mobye Dam.
The project scope includes the construction of a 35 meter high dam, which will create a reservoir that will inundate 10 km2 and store 2.2 hm3.
A 2.6 km long headrace canal will lead to a penstock 266 meter long connecting to two Francis turbines in an above-ground powerhouse. A 32 km 66 kV transmission line will connect the power plant to the Kalaw substation. The expected duration of the project implementation period is 28 months.
This project is also known as the 30MW Upper Beluchaung Hydropower Plant or the 2x15MW Upper Beluchaung Hydropower Plant. The Chinese project title is 就上巴路桥水电站EPC项目 or 缅甸上巴路桥水电站.
Staff Comments
This project is status-coded as a pledge because it is not known if China Eximbank ever issued the loan pledged for this project.
Sources & References
- 中国重机签订缅甸上巴路桥水电站EPC项目合同
- 缅甸上巴路桥水电站EPC项目合同成功签约
- PROJECT FOR COMPREHENSIVE URBAN TRANSPORT PLAN OF THE GREATER YANGON (YUTRA) FINAL REPORT VOLUME I : MAIN TEXT
- Supplement to ELECTRICAL INDUSTRY OF BURMA/MYANMAR (Fourth Edition)
- President signs key economic, development deals with China
- SINOMACH TODAY, news201211
- 缅甸上巴路桥水电站项目重新启动
- SIGNATURE DU CONTRAT EPC DE LA CENTRALE HYDRAULIQUE UPPER BALUCHAUNG DE LA BIRMANIE
- Upper Baluchaung No.2 Hydropower Project in Myanmar 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
Myanmar Ministry of Electric Power (MOEP)
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