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ECAs cofinance Turkey power project
18 March 2011
The export credit agencies of the US, France and Denmark are cofinancing exports for the construction of a power plant in southwest Turkey.
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US Ex-Im
GE
GE Capital
EKF
Coface
Turkey power
power plant project export credit power
ECA Turkey
JP Morgan has arranged multisourced export financing for Turkey’s Ales Elektrik Uretim ve Ticaret (Ales), to buy a GE aeroderivative gas turbine generator set and related US-manufactured equipment for a 62-megawatt combined-cycle gas-fired power project in Aydin province in southwest Turkey. GE Capital Markets Services is the financial advisor on the transaction.
The deal is backed by a $37.4 million long term loan guarantee from the Export-Import Bank of the United States...
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