ANNOUNCEMENT 31 Mar 2016

In März 2016, the German Export Crediting Agency announced its support of an export project concerning deliveries and services linked to the construction of a combined 4'800 MW gas and steam power station in Egypt.

NUMBER OF INTERVENTIONS

1

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

Trade finance

The export loan was announced in März 2016 and finances deliveries and services linked to the construction of a combined 4'800 MW gas and steam power station ('Lieferungen und Leistungen im Zusammenhang mit der Errichtung eines kombinierten 4.800 MW Gas- und Dampfkraftwerkes') in Egypt. The benefitting German exporter is Siemens AG, Offenbach.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 5. This category includes projects with a financing value of over 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 201 million EUR (229 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