Prime Road National Solar Park Project

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.