ANNOUNCEMENT 31 Dec 2016

In December 2016, the German Export Crediting Agency announced its support of an export project concerning the development, planning, delivery and construction of a photovoltaic solar park in Egypt.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

AGA-Portal archive:
https://www.agaportal.de/main-navigation/exporte-exportkreditgarantien/praxis-exportkreditgarantien/projektarchiv-exportkreditgarantien

Inception date: 31 Dec 2016 | Removal date: open ended

Trade finance

The export loan was announced in December 2016 and finances the development, planning, delivery and construction of a photovoltaic solar park ('Entwicklung, Planung, Lieferung und Errichtung eines Photovoltaik Solarparks') in Egypt. The benefitting German exporter is ib vogt GmbH, Berlin.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 3. This cagegory includes projects with a financing value between 51 and 100 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 51 million EUR (54 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 18 years. The financing institution is Bayerische Landesbank, M?nchen.

AFFECTED SECTORS

 
544

AFFECTED PRODUCTS

 
N/A