News
13 July 2018
NEXI backs loan for Turkmenistan gas power plant
In:
Traditional energy
Region:
Asia-Pacific
Nippon Export and Investment Insurance is providing loan insurance to support commercial bank loans for a natural gas power plant to be built in Lebap province, Turkmenistan, by Turkmen State Power Corporation, Turkmenenergo.
Sumitomo Corporation is EPC contractor and procures the plant's main equipment, including the gas turbine and power generator - about 400MW - from Mitsubishi Hitachi Power Systems. Japan Bank for International Cooperation, Sumitomo Mitsui Banking Corporation, and ING Bank Tokyo Branch will co-finance the procurement and construction of the plant. NEXI's insurance will support the commercial banks' loans - about JPY 12 billion.
