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Chinese Government pledges $58.31 million loan for 47MW Saing Din Hydropower Plant Construction Project
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Myanmar Ministry of Electric Power (MOEP) |
| Country | Myanmar |
| Start Date | Jan 18, 2011 |
| End Date | Feb 08, 2028 |
| Duration | 6,230 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 64709 |
Grant Description
Chinese Government pledges $58.31 million loan for 47MW Saing Din Hydropower Plant Construction Project The Saing Din Hydropower Plant Construction Project in Buthidaung (BuuTheeTaung) Township and Rakhine State (exact locational coordinates: 20.893779, 92.652188) was first initiated in the early 1950s, but work halted in 1952.
Work resumed in 1988 but was again stopped three years later.
In 1990, it was reported that the project would provide 15 MW of industrial power rather than 76.5 MW, which was anticipated in 1956. It was later revised to 47 MW. It was revived in 2009 with construction beginning in March of that year, but not much progress ensued. The project was said to be a five-year project, and was expected to be completed in 2014.
On January 18, 2011, a memorandum of agreement on the implementation of the Saingdin hydropower project was signed by the Government of Myanmar’s Department of Hydropower Planning under the Ministry of Electric Power No. 1, China Datang Overseas Investment Co Ltd, and Shwe Taung Hydropower Co Ltd.
The Chinese Government reportedly agreed at least in principle to provide a $58.31 million loan (either from China Eximbank or China Development Bank) for this project. This project is also known as the Saingdin Hydropower Plant Project. The Burmese project title is စိုင္းဒင္.
Sources & References
- BASELINE ASSESSMENT REPORT HYDROPOWER, news201211, https://democracyforburma.wordpress.com/2009/04/03/sai-din-hydropower-project-resumes-the-project-has-already-started-with-the-help-of-the-chinese-government-and-it-is-a-five-year-project-set-to-complete-in-2014/
- Hydro-power projects to produce over 600 MW in Arakan state
- ASEAN Foreign Ministers welcome positive developments including successful holding of multi-party democracy general elections, stress need for countries, which imposed sanctions on Myanmar, to respond to those developments, lift sanctions
- ASSESSMENT OF THE GREATER MEKONG SUBREGION ENERGY SECTOR DEVELOPMENT
- Sea HP Database
- Loans on 14 hydropower projects in Myanmar have been disbursed for seven projects, including two projects worth over US $ 1,711 million with Chinese loans., ရခိုင်ပြည်နယ်ဒေသတွင်း လေ့လာရေးခရီးတွင် စိတ်ဝင်စားလာကြသည့် စိုင်းဒင်ရေတံခွန် 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.
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Myanmar Ministry of Electric Power (MOEP)
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