ANNOUNCEMENT 01 May 2017
In 2017 Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 1 May 2017, Export Development Bank Canada (EDC) announced export financing for General Electric Canada Company (PLN Batam Fast Power Project) relating to exports to Indonesia. The stated purpose of the transaction is the sale of turbines, parts and/or services to Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara, Indonesia.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$15-25 million. Taking the lowest possible amount, in this case, Can.$15 million (approx. U.S.$11.02 million), is our conservative estimate of the financing received.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.