Buyer's Credit for a Coal-Fired Power Generation Project
JBIC's First Project Finance Support in Morocco

  • Area: Africa
  • Infrastructures
  • [Project Finance]

JBIC signed a project finance based buyer's credit agreement with the Moroccan company Jorf Lasfar Energy Company 5 & 6 S.A. Under the project, a consortium in which MITSUI & CO., LTD. is participating provides the principal equipment for the coal-fired power plant expansion in the Jorf Lasfar district, and this loan will be used as a part of the construction cost for this power plant (the steam turbines are manufactured by Mitsubishi Heavy Industries, Ltd., and the boilers are manufactured by IHI Corporation). This loan will help to create business opportunities for Japanese companies in Morocco, where electricity demand is expected to increase in the years ahead.

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