The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on March 16 a loan agreement in project financing
*1amounting to up to approximately USD393 million (JBIC portion) with ENERSOK Foreign Enterprise LLC (ENERSOK) in Uzbekistan, which is invested in by, inter alia, Sojitz Corporation and Kyuden International Corporation, for a natural gas-fired combined cycle power plant project. The loan is co-financed with Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, Societe Generale and the International Finance Corporation (IFC), bringing the total co-financing amount to approximately USD805 million. Nippon Export and Investment Insurance (NEXI) will provide insurance for the loan from the private financial institutions. In June 2020, JBIC signed a memorandum of understanding (MOU) with IFC to enhance cooperation between the two organizations
*2. This is the second co-financing with IFC since the signing of the MOU.