ANNOUNCEMENT 31 Aug 2014

In August 2014, the German Export Crediting Agency announced its support of an export project concerning the construction of a gas and steam turbine power station in the Philippines.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Aug 2014 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in August 2014 and finances the construction of a gas and steam turbine power station ('Errichtung eines Gas- und Dampfturbinenkraftwerkes') in the Philippines. The benefitting German exporter is Siemens AG, Erlangen.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 4. This category includes projects with a financing value between 101 and 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 101 million EUR (133 million USD), as the conservative estimate of the project value.

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

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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