ECAs and Nuclear Power
A. OECD ECG reviewing nuclear power understanding under the Arrangement
A. OECD ECG reviewing nuclear power understanding under the Arrangement
(ECA Watch, 10 September 2008) The first ECG discussions on an updating of the Sector Understanding on Export Credits for Nuclear Power Plant (Annex II, p.37 of the Arrangement), were to have been held on 24 September 2008.
B. JIBC to be merged into new Japanese financial body to facilitate nuclear power credits (PDF)
(JAIF, Tokyo, 17 September 2008) The Japan Finance Corp. will be launched October 1 via a merger of several Japanese financial companies, including JIBC. JFC will be a government-owned joint stock company that will provide the equivalent of a loan guarantee that would supplement such guarantees provided by the U.S. DOE for the construction of new US nuclear reactors where Japanese investors are involved. Concerns re the availablility of new finance for such high risk projects in the current financial crisis is undoubtedly a factor behind efforts by the nuclear power industry to encourage ECA support for new plants. France is also said to be considering loan guarantees for new reactors in the US.
A. OECD ECG reviewing nuclear power understanding under the Arrangement
(ECA Watch, 10 September 2008) The first ECG discussions on an updating of the Sector Understanding on Export Credits for Nuclear Power Plant (Annex II, p.37 of the Arrangement), were to have been held on 24 September 2008.
B. JIBC to be merged into new Japanese financial body to facilitate nuclear power credits (PDF)
(JAIF, Tokyo, 17 September 2008) The Japan Finance Corp. will be launched October 1 via a merger of several Japanese financial companies, including JIBC. JFC will be a government-owned joint stock company that will provide the equivalent of a loan guarantee that would supplement such guarantees provided by the U.S. DOE for the construction of new US nuclear reactors where Japanese investors are involved. Concerns re the availablility of new finance for such high risk projects in the current financial crisis is undoubtedly a factor behind efforts by the nuclear power industry to encourage ECA support for new plants. France is also said to be considering loan guarantees for new reactors in the US.