Increased risk for project finance
Article Abstract:
There is a huge demand for project financing in China, but many foreign investors so far have avoided Chinese infrastructure projects due to concerns over the convertibility of the Chinese renminbi yuan and repatriation of profits. A Da Chang Shanghai water project that began in Apr 1996 and is expected to be completed in Apr 1997 is being financed with a 10-year, $51.1 million fixed-rate amortizing loan. The project is ajoint venture between the Shanghai Municipal Waterworks and Thames Water.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1996
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Power play in Taiwan
Article Abstract:
Taiwan's power industry privatization program has experiences a long birthing process. The program's framework was unveiled in Sep 1994, but as of Mar 1997, just one independent power producer (IPP) had secured a final power purchase agreement with Taiwan Power Co. Would-be IPPs have had problems acquiring land and convincing Taiwan Power to increase its power purchase price.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1997
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