HC Deb 06 February 2002 vol 379 c959W
Tom Brake

To ask the Secretary of State for Trade and Industry what level of financial support the ECGD has provided to UK companies involved in the construction and operation of the Sual power plant in the Philippines; what precedent there was for such support at that time; and whether and on what projects this level has been matched in the case of other instances of ECGD support. [31832]

Ms Hewitt

In 1995 ECGD provided financial support to the Sual power project worth £432 million. The guarantee was provided on a limited recourse, project finance basis.

Prior to Sual, ECGD had supported one limited recourse power project, although with a much smaller loan value. ECGD has also supported a number of power projects on a non-limited recourse finance basis.

Since 1995, ECGD provided support in excess of £300 million for eight other projects:

Project Country
Guangdong power project China
Hawk aircraft Indonesia
Air Force equipment and services Saudi Arabia
LNG plant Oman
Boilers for the Shandong power project China
Patrol vessels Brunei Darussalam
Manjung power project Malaysia
Defence equipment South Africa