ANNOUNCEMENT 30 Apr 2010

In April 2010, the German Export Crediting Agency announced its support of an export project concerning the delivery of isolators and equipment for the construction of a 400 KV power line in Kuwait for the Republic of Korea and Kuwait.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Apr 2010 | Removal date: open ended

Trade finance

The export loan was announced in April 2010 and finances the delivery of isolators and equipment for the construction of a 400 KV power line in Kuwait ('Isolatoren und Ausr?stungen f?r den Bau zweier 400 KV ?berlandleitungen in Kuwait') for the Republic of Korea and Kuwait. The benefitting German exporter is Lapp Insulators GmbH.

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 (21 million USD), as the conservative estimate of the project value.

The maturity of the loan is not specified. The financing institution is not identified in this case.

AFFECTED SECTORS

 

AFFECTED PRODUCTS