ANNOUNCEMENT 31 Aug 2016

In August 2016, the German Export Crediting Agency announced its support of an export project concerning the construction of a hydrolectric power station (Lauca) in Angola.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Aug 2016 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in August 2016 and finances the construction of a hydrolectric power station (Lauca) ('Neubau des Wasserkraftwerkes Lauca') in Angola. The benefitting German exporter is Andritz Hydro GmbH, Ravensburg.

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 HSBC Trinkhaus & Burkhardt AG, Düsseldorf.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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