Cambodian Transmission Limited (MIGA-14291)

Countries
  • Cambodia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 14, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Mizuho Bank Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 73.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Oct 7, 2019

Disclosed by Bank May 13, 2019


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Project Description

According to the bank website, the proposed investment "involves a loan to an existing operator of a high voltage transmission line in Cambodia. The lenders have applied for MIGA guarantees covering up to US$76 million of their debt investment into the project. The guarantees will have a term of up to 10 years, providing coverage against the risks of transfer restriction, expropriation, war and civil disturbance and breach of contract. The project will improve the financial viability of the transmission line operator by enabling a loan from international banks on competitive terms."

Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
Private Actors
  • Cambodian Transmission Limited -- Subsidiary
  • Mizuho Bank Ltd -- Implementing Company
Contact Information

No project-specific contact information available at time of writing.

ACCOUNTABILITY MECHANISM OF MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/