The Japan Bank for International Cooperation, known as JBIC, will provide an export loan of as much as $34 million for a 90 MW geothermal power project by Landsvirkjun in Iceland. The loan is co-financed with Citibank Japan Ltd., the Bank of
Yokohama Ltd. and the Tokyo branch of Commerzbank AG, bringing the total
co-financing amount to about $68 million, with Nippon Export and
Investment Insurance providing insurance for the portion co-financed by
the private financial institutions, JBIC said in a statement Monday.
The loan will provide financing for the Icelandic company to buy
equipment from companies including Fuji Electric Co. for the power plant
in Theistareykir, northeastern Iceland, according to the statement. The
loan is JBIC’s first financing provided to a company in Iceland.
©2015 Bloomberg News
http://www.renewableenergyworld.com/articles/2015/12/japan-bank-provides-loan-for-icelandic-geothermal-power-plant.html
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