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: 31 Oct 2011 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in October 2011 and finances the delivery of electromechanical equipment for a hydroelectric power station ('Elektromechanische Ausrüstungen für Wasserkraftwerk') in Iceland. The benefitting German exporter is Voith Hydro GmbH & Co. KG.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (22 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 18 years. The financing institution is SEB AG, Frankfurt.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

462 Electricity distribution & control apparatus; parts
8535 Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits (for example, switches, fuses, lightning arresters, voltage limiters, surge suppressors, plugs and other connectors, junction boxe
853510 Fuses
853521 For a voltage of less than 72.5 kV
853529 Other
853530 Isolating switches and makeandbreak switches
853540 Lightning arresters, voltage limiters and surge suppressors
853590 Other

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