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: 25 Feb 2010 | Removal date: open ended
Still in force

Trade finance

The Indonesia Cirebon Independent Power Project was initiated by the Indonesian government and involves the construction and operation of a coal-fired power plant. The Korean companies will participate in this project. This includes the Korean companies Korea Midland Power Corporation, participating as the operator; Samtan Co. Ltd, supplying coal for the project; as well as Doosan Heavy Industries & Construction Co. Ltd, participating as the power plant exporter.

In this context, the Korea Eximbank: "This project is expected to highly stimulate job creation in related industries as Korean companies have a substantial role in the construction and operation of the project. As such, this project will serve as a new model for overseas expansion of power projects".

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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