AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The Korean Eximbank's financial support for the Indonesian Hydroelectric Generator Construction Project has a total value of USD 131 million in project financing. In this project, a micro-hydroelectric power generator will be constructed in Indonesia. The project company PT. Wampu Electric Power will operate it for a period of thirty years. The Korean companies POSCO Engineering Co. Ltd. and Korea Midland Power Co., Ltd. (KOMIPO) are participating in this project company.
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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