§ Tom BrakeTo 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 HewittIn 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