IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 21 Jun 2012 | Removal date: 20 Dec 2012
Still in force

Trade finance

On 21 June 2012, the Japan Bank for International Cooperation (JBIC) agreed with Jorf Lasfar Energy Company 5&6 S.A. (Morocco) to offer an export loan to finance the construction of a power plant.
 
The loan amounts to USD 360 million, of which USD 216 million are provided by JBIC and the rest by private financial institutions.
 
The Abu Dhabi National Energy Company will construct a new coal-fired power plant with a capacity of 700 MW in the Jorf Lasfar district in Morocco; the loan can be used to fund that part of the construction work which is going to be carried out by MITSUI & CO. LTD.
 
The JBIC stated that its support 'for the export of the machinery and equipment for the power station by Japanese firms in this project contributes to create business opportunities for them in Morocco' and that it 'will serve to maintain and improve the international competitiveness of Japanese industries'.
 
 
The JBIC is a public financial institution and export credit agency created on 1 October 1999 through the merger of the Japan Export-Import Bank and the Overseas Economic Cooperation Fund.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

423 Steam generators, (except central heating boilers) & parts
8402 Steam or other vapour generating boilers (other than central heating hot water boilers capable also of producing low pressure steam); superheated water boilers.
840211 Watertube boilers with a steam production exceeding 45 t per hour
840212 Watertube boilers with a steam production not exceeding 45 t per hour
840219 Other vapour generating boilers, including hybrid boilers
840220 Superheated water boilers
840290 Parts
8404 Auxiliary plant for use with boilers of heading 84.02 or 84.03 (for example, economisers, superheaters, soot removers, gas recoverers); condensers for steam or other vapour power units.
840410 Auxiliary plant for use with boilers of heading 84.02 or 84.03
840420 Condensers for steam or other vapour power units
840490 Parts
431 Engines & turbines & parts
8406 Steam turbines and other vapour turbines.
840610 Turbines for marine propulsion
840681 Of an output exceeding 40 MW
840682 Of an output not exceeding 40 MW
840690 Parts
448 Domestic appliances & parts
8403 Central heating boilers other than those of heading 84.02.
840310 Boilers
840390 Parts

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