JBIC loan to KEPCO Ilijan Corp (Philippines)

Buyer's Credit for Power Project in Philippines Project Finance for the Private Participation Infrastructure Project (November 10, 2000) -- 1. Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Yasuda) signed today a loan agreement totaling US$255.09 million with KEPCO Ilijan Corporation (KEILCO), incorporated in the Philippines in 1997 with joint equity stake of Korea Electric Power Corporation, Mitsubishi Corporation, Southern Energy Inc., a U.S. corporation, and Kyushu Electric Power Company, Inc. The loan is cofinanced with Bank of Tokyo-Mitsubishi, Ltd., BNP Paribas, Tokyo Branch, Citibank, N.A., Sumitomo Bank, Limited, with JBIC assuming $153.1 million or 60 percent of the total amount. The proceeds of this loan will be applied to the purchase of goods and services from Japan for the natural gas-fired combined-cycle power plant project implemented by KEILCO. The loan is provided on a limited recourse (so-called project finance) basis in which repayment is secured primarily on cashflow from the project. The Japanese exporter and manufacturer are Mitsubishi Corporation and Mitsubishi Heavy Industries, Ltd.


THAILAND POWER NEWS (2005) from Energy Briefing - Asia Pulse.


LAOS POWER NEWS (2005) from 'Energy Briefing - Asia Pulse'.

Laos launches first bond to finance electricity project

May 19, 2009 (Bloomberg) -- Laos, Southeast Asia’s smallest economy, plans to sell its first foreign-currency bonds to finance electricity projects as part of efforts to become less dependent on international aid. The communist-run nation may sell as much as 2.5 billion Thai baht ($72.5 million) of five- to 15-year notes backed by royalties from hydropower plants, said Chiemi-Jamie Kaneko, a financial markets official at the Asian Development Bank, which is advising the Laos government. “The world has a view that we are closed, but actually we are open,” Boualith Khounsy, a director at the Laos Ministry of Finance’s fiscal policy department, said in an interview in Bangkok. “We have to find a way to mobilize funds and strengthen our system.” Proceeds from the bonds will be used to buy a stake in a hydropower project to provide electricity to Thailand, Boualith said. Laos officials are in talks with state-owned Export-Import Bank of Thailand to guarantee the notes, according to Kaneko. The sale will “ideally” happen “later this year, or January, February,” Kaneko said. It may be split into two, with the second part coming to market in two or three years, she said.

ADB’s Power / Energy Projects in Asia-Pacific (as of May 2008)

Asian Development Bank (ADB) extends loans and provides technical assistance to its developing member countries for a broad range of development projects and programs. ADB identified core sectors for its assistance as road transport, energy, urban infrastructure, rural infrastructure, education, and financial services. In recent years, ADB has increasingly placed more emphasis on its private sector operations. In 2007, ADB approved $10.1 billion of loans, $673 million of grant projects, and technical assistance ($243 million). Private sector operations totaled $1.7 billion, significantly above recent levels. Most assistance went to the operational sector, with 39% of total loans (or $3.9 billion) going to transport and communications, more than double the amount in 2006.

SEAWUN Benchmarking Survey for 2003 ‘Data Book’

In 2004, with the encouragement and financial support of the Asian Development Bank (ADB), the South East Asian Water Utilities Network (SEAWUN) launched its Performance Benchmarking Program for water utilities in South East Asian region. This inaugural Program involved the participation of 47 utilities from 7 regional countries, namely Thailand, Laos, Cambodia, Malaysia, Indonesia, the Philippines and Vietnam. In addition to the support of national water associations and various stakeholders, participating utilities made vigorous efforts during the process of completing survey questionnaire.

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