Supplementary Online Material 2(SOM2)

Table SOM2-1 Loans and guarantees provided by JBIC (2007-2013) not included in the Tanabe (2014) estimate
Date ofCurrency rate
Amount of loanCountryProject
Generation Capacity(billion JPY) (billion USD) (JPY/USD)
Announcement

1-Apr-1130-Dec-08

8-Mar-10

8-Mar-10

India

Indonesia

Indonesia

Indonesia

NigrieTanjung Jati B

PaitonCirebon

2*660MW

2*660MW

1*815MW

1*660MW

9.18---Total
Table SOM2-2 Insurance provided by NEXI (2007-2013)
Date ofCountryProject
Announcement
Buyer’s credit
insurance under credit2-Mar-07
South Africaline for power
generation equiptment

Generation Capacity(billion JPY)

0.111

0.703

0.448

0.129

82.48

---

Type ofInformation Sources

Note

JBIC announced the total amount of co-financing between
JBIC press release
JBIC and the private sector. We assume that 60% of thetotal amount of the loan is provided by JBIC, since JBIC
provided 60% of the total amount of a loan for anothersimilar project in India (Rajipura Supercritical Coal-fired
Tanabe (2014)
Power Plant) as shown in Tanabe (2014).

JBIC announced that it provided guarantee against
JBIC press release
political risk for the loan by the private sector. According
to Tanabe(2014), the total amount of co-financing was
USD 1.758 billion, including USD 1.055 billion by JBIC.
Therefore, the loan by the private sector was USD 0.703
Tanabe (2014)
billion.

JBIC announced that it provided guarantee against
JBIC press release
political risk for the loan by the private sector. According
to Tanabe(2014), the total amount of co-financing was
USD 1.215 billion, including USD 0.767 billion by JBIC.
Therefore, the loan by the private sector was USD 0.448
Tanabe (2014)
billion.
JBIC announced that it provided guarantee against
political risk for part of the loan by the private sector.
According to Tanabe(2014), the total amount of cofinancing by JBIC, the Export-Import Bank of Korea (KEXIM) and the priavate sector was USD 0.595 billion,
including USD 0.216 billion by JBIC. As shown in Table
SOM2-7, K-EXIM provided USD 0.24 billion. Therefore,
the loan by the private sector was USD 0.129 billion.

Web links of sources
https://www.jbic.go.jp/ja/information/press/press-2011/0401-6075

http://sekitan.jp/jbic/wp-content/uploads/2014/01/jbiccoallisten.pdf

https://www.jbic.go.jp/ja/information/press/press-2008/1230-6028

http://sekitan.jp/jbic/wp-content/uploads/2014/01/jbiccoallisten.pdf

https://www.jbic.go.jp/ja/information/press/press-2009/0308-6026

http://sekitan.jp/jbic/wp-content/uploads/2014/01/jbiccoallisten.pdf

JBIC press release

https://www.jbic.go.jp/ja/information/press/press-2009/0308-6025

Tanabe (2014)

http://sekitan.jp/jbic/wp-content/uploads/2014/01/jbiccoallisten.pdf

1.391
Amount of loan(billion Euro) (billion USD)

currency
ratecurrency
rate

Insurance
Coverage

Insured loan
(billion USD)

Type ofsources

Web links of sources

unknown

12-0.102117.77-unknow

0.102

NEXI press release

http://www.nexi.go.jp/topics/en/newsrelease/002169.html

2-Apr-07

VietnamHai Phong 2

2*300MW

2.9-

0.025

117.99

-

100%

0.025

NEXI press release

http://nexi.go.jp/topics/en/newsrelease/002330.html

1-Sep-09

Indonesia

Tanjung Jati

2*660MWunknown

unknown

unknown--unknown

unknown

NEXI press release

http://nexi.go.jp/topics/newsrelease/001497.html

28-Dec-11

India

Rajipura

2*700MW

4.2-0.054

77.83

97.5%

0.053

NEXI press release

http://nexi.go.jp/topics/newsrelease/004178.html

21-Jun-12MoroccoJorf Lasfar

2*350MW

11.597184

0.11520.145931597

79.47

100.67

97.5%

0.142

NEXI press release

http://nexi.go.jp/topics/en/newsrelease/004421.html

12-Aug-12

Vietnam

Vung Ang 1

2*600MW

--

0.038

--

unknown

0.038

Article by Viet Nam http://vietnamnews.vn/print/214314/pvn-signs-95m-loan-agreement-withNews
vung-ang-.htm

28-Mar-13

ChileCochrane

2*236MW

--0.25--

97.5%0.244

NEXI press release

http://nexi.go.jp/topics/en/newsrelease/004735.html

22-Aug-13

VietnamThai Binh 2

2*600MW

--0.56--

100%

0.560

NEXI press release

http://nexi.go.jp/topics/newsrelease/004901.html

Total

1.16

Table SOM2-3 Loans provided by JICA (2007-2013)
Year ofLoan Agreement

Country

Project

Generation Capacity

2007 (March)2011 (January)

VietnamNghi Son

2*300MW2011(November)

Amount of loan
(billion JPY)

(billion USD)

currency rate
(JPY/USD)

Type ofsources

20.9

0.18

118.05

JICA Document

http://www.jica.go.jp/english/our_work/evaluation/oda_loan/economic_cooperation/c8h0vm000001rdjt-att/vietnam01_1.pdf

29.90.36

82.03

JICA Information

http://www.jica.go.jp/oda/project/VN10-P6/

40.3

0.51

78.3

JICA Information

http://www.jica.go.jp/oda/project/VN11-P1/index.html

Web links of sources

2009(November)

VietnamThai Binh

2*300MW

20.7

0.23

89.99

JICA press releace

http://www.jica.go.jp/press/2009/20091110_01.html

2013(March)

IndonesiaIndramayu(Engineering service)

1000MW

1.7

0.02

94.32

JICA press releace

http://www.jica.go.jp/english/news/press/2012/130328_02.html

Total

1.30

Table SOM2-4 Loans provided by KfW and covered by Euler Hermes (2007-2013)
Year ofCountry
Financial Instituition
Project
Loan Agreement
2009South Africa

2008

Euler Hermes
KfW

KusileGeneration
Capacity
6*800MW

KfW
South Africa

2009

KfW
Euler Hermes

MedupiAmount of loan
(billion EURO) (billion USD) (billion INR)

currency
ratecurrency
rateType ofsources
Eskom press
releaseWeb links of sources

0.705

1.03-0.684963

-

0.25

0.35

-

0.713447-

KfW press
release

0.53

0.74-

0.714083-

Article by Project
http://www.pfie.com/issue-410/2325.issue?cmd=ChangeSortOrder&val=2
Finance
International

6*800MWhttp://www.rmb.co.za/PDFs/news2009/2009-12-11.pdf
https://www.kfw-ipex-bank.de/International-financing/KfW-IPEXBank/Presse/Pressemitteilungen/Pressemitteilungsdetails_9373.html

2008

India

KfW

Krishnapatnam(APGENCO)

2*800MW

-

0.36

17-

47.641736

Article byBusiness Line

http://www.thehindubusinessline.com/todays-paper/tp-economy/krishnapatnam-project-ap-gencosigns-up-for-rs-1700cr-kfw-loan/article1644064.ece

2012

India

KfW
Euler Hermes

Barh II

2*660MW

0.07250.10-

0.750214-NTPC preee
releasehttp://www.ntpc.co.in/index.php?option=com_content&view=article&id=580&Itemid=197&lang=en

GreeceEuler Hermes
KfW

2013

2008

Thailand

KfW

Ptolemais V

Map Ta Phut

600MW

660MW

0.739

-

1.01

0.08-

0.731444----

Press release by
Greek Public http://www.dei.gr/en/anakoinwseis/xrimatistiriaka-etairikes-prakseis-katavoli-merismatoska/xrimatistiriakes-anakoinwseis-2013/ekdosi-telikis-asfalistikis-kalupsis-daneiou-739-e
PowerCorporation
KfW press
releasehttps://www.kfw-ipex-bank.de/International-financing/KfW-IPEXBank/Presse/Pressemitteilungen/Pressemitteilungsdetails_9553.html(*The authors divided $460 million by six, as six international banks provided the loan.)

Information by
http://www.agaportal.de/en/aga/projektinformationen/a-projekte_2011.html
Euler Hermes
2011

VietnamEuler Hermes

Vung Ang 1

2*600MWunknown

unknown--Article by Trade
http://www.tradefinancemagazine.com/Article/3007685/Vung-Ang-1ECA-backed-financing.html
Finance

Total
Table SOM2-5 Loans provided by US EXIM Bank (2007-2013)
Year of Loan
Country
Project
Generation Capacity
Agreement
2011
India
Sasan
6*660MW
2011

South Africa

KusileTable SOM2-6 Loans covered by COFACE (2007-2013)
Year ofCountry
Project
Loan Agreement

3.66

Amout of loan
(billion USD)
0.65

US EXIM Bank annual report

http://www.exim.gov/about/library/reports/annualreports/2011/

6*800MW

0.806

US EXIM Bank annual report

http://www.exim.gov/about/library/reports/annualreports/2011/

Total

1.46

GenerationCapacity

Type of Sources

currency rate
Amount of loan
(billion EURO) (billion USD) (EURO/USD)

Web Links of SourcesType ofSources
Eskom annual report

2009South Africa

Medupi & Kusile

12*800MW

1.185

1.71

Web Links of Sources
http://financialresults.co.za/2010/eskom_ar2010/downloads/eskom_ar2010.pdf

0.694827
Article by Reuters

http://af.reuters.com/article/idAFJOE5BR05N20091228

Table SOM2-7 Loans provided by Export-Import Bank of Korea and insured by K-sure(2007-2013)

currencyrate(billion USD) (billion EURO) (EURO/USD)
0.70
Amount of loan

Year ofLoan Agreement

Country

Financial Instituition

ProjectGeneration
Capacity

2008

India

KEXIM

Mundra5*800MW2010

The Philippines

KEXIM

Naga200MW

0.17--KEXIM press release2010

Indonesia

KEXIM

Cirebon

1*660MW

0.24--

KEXIM press release2011

Vietnam

KEXIM
K-sureMong Duong 22*600MW

1.46-

-

Type ofsources
KEXIM press release

Article by Vietnam
Investment Review
KEXIM press release2012

MoroccoKEXIM

Jorf Lasfar

2*350MW

0.35--KEXIM press release2012

Vietnam

KEXIM

Mong Duong 1

2*500MW

0.51--KEXIM press release

2013

2012

ChileTurkey

K-sureK-sureCochrane

Tufanbeyli

2*236MW

450MW0.130.75-

0.608

-

0.814197

Web links ofsources
http://www.koreaexim.go.kr/en/bbs/noti/view.jsp?no=9538&bbs_code_id=1316753474007&bbs_code_tp=BBS_2&req_pg=2
http://www.koreaexim.go.kr/en/bbs/noti/view.jsp?no=9583&bbs_code_id=1316753474007&bbs_code_tp=BBS_2&req_pg=2
http://www.koreaexim.go.kr/en/bbs/noti/view.jsp?no=9606&bbs_code_id=1316753474007&bbs_code_tp=BBS_2&req_pg=2
http://www.vir.com.vn/aes-mong-duong-2-power-plant-closes-finance.html (Comprehensive commercial guarantees
and political risk cover are being provided by Korea Eximbank “KEXIM” and Korea Trade Insurance Corporation“KSURE”)
http://www.koreaexim.go.kr/en/bbs/noti/view.jsp?no=9664&bbs_code_id=1316753474007&bbs_code_tp=BBS_2&req_pg=2
http://www.koreaexim.go.kr/en/bbs/noti/view.jsp?no=10452&bbs_code_id=1316753474007&bbs_code_tp=BBS_2&req_p
g=2
http://www.koreaexim.go.kr/en/bbs/noti/view.jsp?no=11358&bbs_code_id=1316753474007&bbs_code_tp=BBS_2&req_pg=

JBIC press release(*)
NEXI press release(*)

https://www.jbic.go.jp/en/information/press/press-2012/0328-7393
http://nexi.go.jp/topics/en/newsrelease/004735.html(*The total amount of loans is USD 1 billion. Among them, JBIC provided USD 0.5 billion loan and NEXI insured
USD 0.25 billion loans by Japanese private banks. The remaining USD 0.25 billion loans were provided by HSBCBank USA, N.A. and Korea Finance Corp. Therefore, we assumed that Korean Finance Corp. financed the half, withinsurance coverage by K-sure)Press release by Cliford
Chancehttp://www.cliffordchance.com/news/news/2012/08/clifford_chance_advisesontheeur750millionfinancingofa450mwlignit.htmlArticle by Trade Finance http://www.tradefinancemagazine.com/Article/3165663/EnerjisaECA-backed-financing.html
Total

4.30