fbpx 52287-001: Prime Road National Solar Park Project | Asian Development Bank

Cambodia: Prime Road National Solar Park Project

Nonsovereign (Private) Project | 52287-001 Status: Proposed

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 borrowers 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 empowerment in Cambodia.

Project Details

Project Officer
Hong, Won Myong Private Sector Operations Department Request for information
Country
  • Cambodia
Sector
  • Energy
 
Project Name Prime Road National Solar Park Project
Project Number 52287-001
Borrower/Company Prime Road Alternative (Cambodia) Company Limited
Country Cambodia
Location Kampong Chhnang, Phnom Penh
Type or Modality of Assistance
Loan Japan USD 4.10 million Approved
Loan Canadian Climate Fund for the Private Sector in Asia II (CFPS II) USD 4.20 million Approved
B-Loan Other USD 3.30 million Proposed
Loan Ordinary capital resources USD 4.80 million Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Energy / Renewable energy generation - solar

Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 2
Responsible ADB Officer Hong, Won Myong
Project Sponsor(s) Prime Road Alternative Co. Ltd.
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 borrowers 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 empowerment in Cambodia.
Objectives and Scope
Linkage to Country/Regional Strategy
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 14 Apr 2020
Credit Committee Meeting 08 Dec 2020
Approval 10 Jun 2019
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.

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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