ANNOUNCEMENT 30 Sep 2009

In September 2009, the German Export Crediting Agency announced its support of an export project concerning the delivery of ready to use boiler and ancillary facilities for six coal-fired power station units with an output of 794 MW per unit to South Africa.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Sep 2009 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in September 2009 and finances the delivery of ready to use boiler and ancillary facilities for six coal-fired power station units with an output of 794 MW per unit ('Schl?sselfertige Lieferung von Kessel- und Nebenanlagen f?r 6 steinkohlebefeuerte Kraftwerkseinheiten mit einer Leistung von jeweils 794 MW') to South Africa. The benefitting German exporter is Hitachi Power Europe GmbH.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 5. This category includes projects with a financing value of over 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 201 million EUR (294 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 12 years. The financing institution is KfW IPEX-Bank GmbH, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS