AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The Korean Eximbank's financial support for the hydroelectric power project in Pakistan has a total value of USD 110 million in project financing. A number of Korean public and private enterprises are executing the entire project from equity investment to construction and long-term operations. In this context, the Korea Water Resources Corporation will construct and operate the 147MW hydropower plant for a period of 30 years.
In this context, a Korean Eximbank official stated: "As the first privately financed investment-development hydroelectric power project, this project represents a new model for expansion into overseas hydraulic power markets by Korean companies. Korea Eximbank will continuously increase its support of high-value hydropower projects as global demand for renewable energy production continues to climb."
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.
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