China Eximbank pledges $57 million loan for 50MW power plant in Rakhine State (linked to Record ID#64665)

¥57M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Myanmar (Burma)
Country	Myanmar
Start Date	Oct 24, 2013
End Date	Dec 28, 2029
Duration	5,909 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67623`

Grant Description

China Eximbank pledges $57 million loan for 50MW power plant in Rakhine State On October 24, 2013, President U Thein Sein proposed the construction of a 50-megawatt natural gas-fueled power plant in Rakhine State.

More than USD $57 million was reportedly earmarked for the project from an RMB 30 billion (about $4.93 billion) loan pledge from China Eximbank (recorded in the linked Record ID#64665). However, terms of the loan are unknown.

📚 Sources & References

President proposes relocating 50MW power plant to Rakhine State
China-Myanmar oil, gas project benefits both
China-Myanmar oil, gas project benefits both 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.