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: 20 Jun 2017 | Removal date: open ended
Still in force

Trade finance

The buyer’s credit loan agreement between JBIC and the Indonesian state-owned company PT PLN (Persero) (PLN) has a maximum value of JPY 10.1 billion (USD 90.72 million) and USD 53 million. Additionally, the loan is cofinanced by a number of private financial institutions amounting to a maximum JPY 16.9 billion (USD 151.79 million) and USD 89 million. The governmental agency Nippon Export and Investment Insurance will provide an insurance for the cofinanced portion.

The loan finances the Indonesian company's purchase of facilities from Japanese companies for the construction of a Kalselteng 2 coal-fired power plant. Such facilities include boilers and steam turbine power generators from a number of Japanese companies.

In this context, the Bank stated: "Through JBIC's support for the export of power generation equipment by Japanese companies, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries..."

Buyer's credit agreements
JBIC provides direct loans named buyer’s credit to overseas importers. Loans are obtained if it finances the purchase of Japanese machinery, equipment or technology in specific eligible sectors. The Bank hereto stated that these loans are intended to “positively contribute to Japanese companies”. Further information can be found on the Bank’s website under export loans.
 
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

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.
840219 Other vapour generating boilers, including hybrid boilers
431 Engines & turbines & parts
8406 Steam turbines and other vapour turbines.
840681 Of an output exceeding 40 MW
840682 Of an output not exceeding 40 MW

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