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 Dec 2009 | Removal date: open ended
Still in force

Trade finance

The Korean Eximbank provided a USD 100 million loan and a USD 70 million external liability guarantee in project financing for the Government of the Philippines' project to construct and operate a 200MW coal-fired power plant. The Korean companies Korea Electric Power Co. and Korea East-West Power Co. will participate in the project as major operators. Additionally, the Korean company Doosan Heavy Industries & Construction Co. will participate in the project as a power plant exporter. 

According to the Korea Eximbank the funding was provided "to facilitate the participation of Korean companies". In this context, a Korea Eximbank official stated: "The Philippines's Cebu Private Sector Development Project is projected to raise USD 360 million in foreign currency inflows and it will also promote foreign capital inflows through the export of generator facilities and equity participation. In addition, this project which adopted environmentally beneficial technologies in the construction of a coal fired power plant will help secure additional orders in similar overseas power plant projects in the future.”

Project Finance
Project Financing is provided to certain foreign large-scale projects. Repayments of such loans include preferential terms such as repayments mainly being made from the project’s own cash flow generation. Project financing loans are solely eligible for projects which include Korean companies participating as an exporter, sponsor or as an operations and maintenance contractor.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

462 Electricity distribution & control apparatus; parts
8537 Boards, panels, consoles, desks, cabinets and other bases, equipped with two or more apparatus of heading 85.35 or 85.36, for electric control or the distribution of electricity, including those incorporating instruments or apparatus of Chapter 90, and nu
853720 For a voltage exceeding 1,000 V
469 Other electrical equipment & parts
8543 Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this Chapter.
854320 Signal generators
854330 Machines and apparatus for electroplating, electrolysis or electrophoresis
854370 Other machines and apparatus
854390 Parts
863 Support services to electricity, gas & water distribution

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