AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On July 13th, 2018, a $91 million USD loan agreement was signed with the State Bank for Foreign Economic Affairs of Turkmenistan (TVEB) and the Japanese Bank of International Cooperation (JBIC) for the acquisition of supplies from Japanese Sumitomo Corporation for the construction of a gas-fired power plant in the Lebap Region of Turkmenistan. The loan will also cover the expenses for the purchase and installation of gas turbines and generator by the Mitsubishi Hitachi Power Systems, LTD. Furthermore, the electric power generated from this power plant is planned to be supplied to both Turkmenistan and the Islamic Republica of Afghanistan. Furthermore, the loan was guaranteed by the Nippon Export and Investment Insurance (NEXI) corporation.
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