Industrial Bank of Korea - Woori Bank, arrange the loan of 1.5 billion US gas business

Said 28 [South Korea sinyuncheol financial newspaper reporter] IBK Industrial Bank is a Pennsylvania Fairview (Fairview) Gas Combined Cycle Power Plant Project Financing daejudan take the domestic financial success to arrange a US $ 1.5 one hundred million US dollars loan with our bank.

The total project cost has 4.2 billion US dollars of a loan of 5.7 billion US dollars 11 billion US dollars (about 1.23 trillion won) is introduced in the global financial institutions such as Credit Agricole, MUFG, ICBC, 1.5 billion loan, the Industrial Bank of Korea, Woori Bank, Shinhan Investment Corp., JB domestic financial institutions such as asset management was involved. Capital of 5.3 billion is expected to be introduced in Japan Osaka Gas, the United States GE, etc.

Fairview power plant construction aimed at moving 2020 to 1GW class state-of-the-art power plant that supplies electricity to the nation's largest single electricity market in the Northeast power market (PJM market), when the aging coal-fired power plants, given the number of PJM market conditions, the next highest utilization rate It is expected to show.

The Fairview plant is arranged (financing of the whole process, including the Green Field, the construction period), the second green field of corporate banking. Industrial Bank has succeeded the green fields arranging for domestic financial institutions, the first US power project, to arrange a cricket last November, New York, USA Valley Gas Combined Cycle Power Plant project financing.





Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's financial newspaper & FNTIMES.com