HC Deb 27 November 2000 vol 357 c384W
Dr. Tonge

To ask the Secretary of State for Trade and Industry what plans he has to provide export credit for the completion and upgrade of the Khmelnitsky Unit 2 and Rovno Unit 4 nuclear plants in the Ukraine. [140367]

Mr. Caborn

The financing plan for this project envisages various sources of finance, including $348.3 million of export credits of which up to $28 million come from the UK. The Government are considering the provision of ECGD cover in support of possible UK exports to the project. A decision is likely to be announced by 7 December when the EBRD is expected to decide whether to provide finance for the project.

Dr. Tonge

To ask the Secretary of State for Trade and Industry if he will list the UK companies that have sought export credit support for the completion and upgrade of the Khmelnitsky Unit 2 and Rovno Unit 4 nuclear plants in the Ukraine. [140365]

Mr. Caborn

No UK companies have approached ECGD for export credit support for this project.

Dr. Tonge

To ask the Secretary of State for Trade and Industry if he will make a statement on the provision of UK export credit to the Ukraine. [140368]

Mr. Caborn

Following the withdrawal of cover in 1998 because of a deterioration in Ukraine's risk outlook, ECGD backed export credits are not generally available.