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: 12 Dec 2013 | Removal date: open ended
Still in force

Financial assistance in foreign market

The loan agreements between JBIC and Shamal Az-Zour Al-Oula in Kuwait has a maximum value of USD 645 million in project financing. The company is a joint venture company established by Japanese Sumitomo Corporation and a number of foreign companies. The loan finances the joint venture company's Az-Zour North Power and Desalination Project in Kuwait. In this project, a combined cycle natural gas-fired power plant and a seawater desalination plant will be built. Hereafter, Shamal Az-Zour Al-Oula will sell the power and freshwater generated to the Ministry of Electricity and Water for a period of 40 years

Project finance 
Project financing loans include preferential terms such as repayments being solely made from the project’s cash flow generation and secured on the basis of the project's assets alone. As such the loan agreement is tied to the project's finances and not the company in question.

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

244 Soft drinks; bottled mineral waters
2201 Waters, including natural or artificial mineral waters and aerated waters, not containing added sugar or other sweetening matter nor flavoured; ice and snow.
220190 Other

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