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Ashegoda – ECA-backed financing
26 March 2010
Landmark deal for Ethiopia
MLA: BNP Paribas
Borrower: Ashegoda Wind Farm project / EEPCO
Amount: e210 million
ECA/DFI: Coface, AFD
Tenor: Coface buyer credit: 3+8.5-years
Coface tied commercial loan: 1.5 +3.5-years
AFD loan: 4+11-years
Legal counsel: Gide Loyrette Nouel |
This deal, arranged by BNP Paribas (BNPP), will result in the largest wind farm in sub-Saharan Africa, and is the first ECA-backed export finance deal ever to be realised in Ethiopia.
The awarded deal is an engineering procurement construction contract involving the sale and installation of 120...
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