Cambodia: Prime Road National Solar Park Project

Nonsovereign Project | 52287-001

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
    Gulshan, Karan Raj
    Private Sector Operations Department
    Request for information
  • Country/Economy
    Cambodia
  • Sector
    • Energy
Project Name Prime Road National Solar Park Project
Project Number 52287-001
Borrower / Company Prime Road Alternative (Cambodia) Company Limited
Country / Economy Cambodia
Location Kampong Chhnang, Phnom Penh
Type or Modality of Assistance
Loan Japan USD 4.10 million Committed
4048 Loan Ordinary capital resources USD 4.80 million Committed
8393 Loan Canadian Climate Fund for the Private Sector in Asia II (CFPS II) USD 4.20 million Committed
CF94 B-Loan Other USD 3.30 million Signed
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 Portfolio Management Division, PSOD
Responsible ADB Officer Gulshan, Karan Raj
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 12 Feb 2021
Last PDS Update 04 Jul 2022

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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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
Prime Road National Solar Park Project: Updated Initial Environmental Examination Initial Environmental Examination Mar 2021
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.

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