ANNOUNCEMENT 31 Aug 2015

In August 2015, the German Export Crediting Agency announced its support of an export project concerning the construction of a 1'188 MW gas and steam power station in Turkey.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Aug 2015 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in August 2015 and finances the construction of a 1'188 MW gas and steam power station ('Errichtung eines Gas- und Dampfkraftwerkes mit einer Leistung von 1.188 MW') in Turkey. The benefitting German exporter is an unidentified producer.

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 (113 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