§ Mr. Simon ThomasTo ask the Secretary of State for Trade and Industry which coal-powered plants British businesses have been involved in for which they have received ECGD support; and what was(a) the name and location of, (b) the company involved, (c) the nature of the involvement of the British company, (d) the capacity in MW, (e) the estimated annual carbon dioxide emissions and (f) the amount of financial assistance provided by the ECGD in each case. [60617]
§ Ms HewittThe table lists the project name, country location, UK company involved, the nature of the involvement of that company, the capacity in MW, estimated carbon dioxide emissions and the value of the loan guaranteed by ECGD for each of the coal-fired power stations ECGD has supported since 1997.
In addition, ECGD has provided Overseas Investment Insurance and other insurances for seven other coal-fired power-stations with a total capacity of 4,960 MW and annual CO2 emissions of approximately 17.9 million tonnes per year. Details of these projects are not disclosed, since such cases are treated as commercial in confidence.
It has been assumed that, upon completion, the plants listed below will operate for 60 per cent. of the time. CO2 emissions have been calculated using the conversion factor of 0.687 tonnes of CO2 per MW per hour. This is taken from The Greenhouse Gas Protocol website ("www.ghgprotocol.org") and is the 1999 average values for power plants in "Economies In Transition". These are the markets where ECGD most commonly provide guarantees.
979W
Project Country Company Involvement Capacity (MW) CO2 (Tonnes per year) Loan Value £ million Shandong China Mitsui Babcock Energy Ltd. Supply of boilers 3,000 10.8 million 213.5 Bulawayo Zimbabwe Mitsui Babcock Energy Ltd. Refurbishment 120 0.4 million 5.6 Manjung Malaysia Alstom Power Ltd. Engineering and construction 2,100 7.6 million 522.3 Alfin-Elbistan Turkey Corus UK Ltd. Steel structures 1,080 3.9 million 8.4 It should be noted that for most large power projects ECGD is only one of several finance providers. Scaling the carbon emissions by the proportion of finance guaranteed by ECGD would give a figure of less than 14 million tonnes per year of carbon that is directly attributable to ECGD's participation.
§ Mr. Simon ThomasTo ask the Secretary of State for Trade and Industry how much financial assistance was provided by the ECGD for British companies involved in the Sual power plant in the Philippines while it was being built; and how much of this money was(a) used by the companies involved and (b) returned to the ECGD. [60619]
§ Ms HewittECGD does not provide financial assistance for companies. It provides guarantees and insurance. In 1995 ECGD provided a guarantee to the value of £432 million in support of GEC Alstom's contract relating to the construction of the Saul Power Project.
§ Mr. Simon ThomasTo ask the Secretary of State for Trade and Industry which UK companies the Export Credits Guarantee Department(a) has and (b) is supporting regarding their involvement in the Sual plant since it began operations; and how much financial assistance each company has received. [60618]
§ Ms HewittECGD does not provide financial assistance for companies. It provides guarantees and insurance. In 1995 ECGD provided a guarantee to the value of £432 million in support of GEC Alstom's contract relating to the construction of Sual Power Project.