The project finance loan will support Prime Road Alternative (Cambodia) Co. Ltd to develop and operate a 60-megawatt alternating current (MWac) solar photovoltaic (PV) power plant in Kampong Chhnang Province, Cambodia. The project is the culmination of a One ADB effort over several years involving SERD, SDCC, OPPP, and PSOD. The ADB financing will meet the borrower's requirements for longer-tenor, United States (US) dollar-denominated project financing, which local financial institutions are unable to provide. ADB has been leading the transaction and will mobilize over $5 of cofinancing from commercial, development finance, and concessional sources (including CFPSII) for every $1 of ADB investment. Classified effective gender mainstreaming, the project will also promote gender equality and women's empowerment in Cambodia.
| Project Name | Prime Road National Solar Park Project | ||||||||||||||||||||
| Project Number | 52287-001 | ||||||||||||||||||||
| Borrower/Company | Prime Road Alternative (Cambodia) Company Limited |
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| Country | Cambodia |
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| Location | Kampong Chhnang, Phnom Penh | ||||||||||||||||||||
| Type or Modality of Assistance |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Partnerships Private sector development |
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| Sector / Subsector | Energy / Renewable energy generation - solar |
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| Gender Equity and Mainstreaming | Effective gender mainstreaming | ||||||||||||||||||||
| Responsible ADB Department | |||||||||||||||||||||
| Responsible ADB Division | |||||||||||||||||||||
| Responsible ADB Officer | Hong, Won Myong | ||||||||||||||||||||
| Project Sponsor(s) | Prime Road Alternative Co. Ltd. |
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| Description | The project finance loan will support Prime Road Alternative (Cambodia) Co. Ltd to develop and operate a 60-megawatt alternating current (MWac) solar photovoltaic (PV) power plant in Kampong Chhnang Province, Cambodia. The project is the culmination of a One ADB effort over several years involving SERD, SDCC, OPPP, and PSOD. The ADB financing will meet the borrower's requirements for longer-tenor, United States (US) dollar-denominated project financing, which local financial institutions are unable to provide. ADB has been leading the transaction and will mobilize over $5 of cofinancing from commercial, development finance, and concessional sources (including CFPSII) for every $1 of ADB investment. Classified effective gender mainstreaming, the project will also promote gender equality and women's empowerment in Cambodia. | ||||||||||||||||||||
| Objectives and Scope | |||||||||||||||||||||
| Linkage to Country/Regional Strategy |
| Safeguard Categories | |
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| Environment | B |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
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| Concept Clearance | 14 Apr 2020 |
| Credit Committee Meeting | 08 Dec 2020 |
| Approval | 12 Feb 2021 |
| Last PDS Update | 12 Feb 2021 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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| Title | Document Type | Document Date |
|---|---|---|
| Prime Road National Solar Park Project: Report and Recommendation of the President | Reports and Recommendations of the President | Jan 2021 |
| Prime Road National Solar Park Project: Gender Action Plan | Gender Action Plans | Jan 2021 |
| Prime Road National Solar Park Project: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Apr 2020 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
| Title | Document Type | Document Date |
|---|---|---|
| Cambodian National Solar Park IPP Project: Initial Environmental Examination | Initial Environmental Examination | Nov 2020 |
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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