- Region: Others
- Energy and Natural Resources
- Import Loans
March 31, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to JPY15 billion (JBIC portion) with Kyushu Electric Power Co., Inc. (Kyushu Electric). This loan was provided in coordination with Japanese private financial institutions and the Development Bank of Japan Inc. (DBJ).
The loan is to finance Kyushu Electric for importing liquefied natural gas (LNG). In the aftermath of the Great East Japan Earthquake, a stable supply of electricity is recognized as an urgent issue for the lives of the Japanese people and national economic activity. Thus, looking toward the near future, it has become more important than ever to ensure stable and sustained procurement of LNG to be used as fuel for thermal power generation.
Financing Kyushu Electric with this loan is for the purpose of supporting a stable supply of electricity—a crucial factor for the Japanese to lead their lives—by securing a stable supply of energy resources to Japan.
As Japan's policy-based financial institution, JBIC will continue to actively support Japanese companies in their efforts to secure stable access to strategically important resources, by drawing on its various financial facilities and schemes, thereby contributing to Japan's energy security.