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Fossil Fuels: Government Assistance

Volume 491: debated on Wednesday 22 April 2009

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform which fossil fuel energy projects the Export Credits Guarantee Department is supporting; in which country each project is situated; which UK companies are in receipt of support; what type of plant is being supported in each case; what the (a) start and (b) completion dates are for each project; and how much is being provided to each. (265316)

The following table lists relevant case details where ECGD has a contingent liability arising from the support it is providing. In the majority of instances, this support takes the form of a guarantee given to a bank or syndicate of banks in respect of a loan made to an overseas buyer in order to enable it to finance the purchase of supplies of goods and services from persons carrying on business in the United Kingdom. In the remaining instances, ECGD has provided insurance to a person carrying on business in the UK in respect of loss arising in relation to either a contract for the supply of goods or services to an overseas buyer or an investment in an overseas project. The contractual periods are best estimates based on data held electronically by ECGD. The amounts now at risk are generally lower than the original amounts shown, due to payments having been made under the guaranteed loans or insured contracts.

‘Fossil fuel projects’ include oil and gas transportation, coal, oil and gas extraction projects’ power generation and energy projects which involve the use of fossil fuels but exclude petrochemical projects.

Country

UK exporter

Project

Detailed description (where available)

Original level of support provided (£)

Liability start date (est.)

Contract completion date (est.)

Product type

Indonesia

NEI Power Projects Ltd.

Combined Cycle Power Plant

£36,647,273

December 1994

December 2001

Buyer credit guarantee

India

Parsons Power Generation Sys Ltd.

Kakinada Power Station

208 MW gas fired power station

£7,544,748

February 1995

October 1997

Buyer credit guarantee

Russian Federation

SNC-Lavalin UK Limited

Volgograd Refinery

£24,559,680

November 1997

November 2000

Buyer credit guarantee

Indonesia

Allen Power Engineering Limited

Power Stn Extension

Supply & installation of 11 diesel generating sets

£18,955,088

December 1997

December 2000

Buyer credit guarantee

Turkey

Allen Power Engineering Limited

Bilkent

£6,799,523

October 1998

September 1999

Buyer credit guarantee

Venezuela

1

Oil and Gas Project

£50,668,873

1

1

Overseas investment insurance/EXIP insurance

South Africa

Kellogg Brown & Root Energy Services Limited

Mossgas Field Development

Drilling of wells and provision of subsea production transport & processing systems

£50,101,747

November 1999

October 2000

Buyer credit guarantee

Philippines

ABN Amro Bank NV

San Lorenzo Gas Power

500MW gas power station at Batangas

£44,382,802

March 2000

September 2005

Overseas investment insurance

Dominican Republic

Motherwell Bridge Engineering Limited

San Pedro Power Station

Conversion of oil power station to gas fired power station

£15,783,542

April 2000

February 2002

Project finance guarantee

Iran (Islamic Republic of)

Skanska Construction UK Limited

Tabas Coal Mine

Coal mine

£29,524,244

March 2001

June 2005

Buyer credit guarantee

Algeria

Siemens Industrial Turbomachinery Limited

Pipeline Project

Supply of pumping and generating sets for the OZ2 Pipeline

£22,282,064

October 2001

October 2003

Buyer credit guarantee

Brazil

MAN B&W Diesel Limited

4 x Diesel Generating Sets

Supply and installation of generating sets

£6,884,401

November 2001

December 2002

SCF guarantee

Israel

Alstom Power Limited

Refurb of Existing Power Station

Low emission boiler and converter

£7,094,427

March 2002

October 2003

Buyer credit guarantee

Turkey

Alstom Power Plants Ltd.

Coface Reins

Relating to 2x160 MLO power station at Can

£7,262,428

April 2002

February 2004

Buyer credit guarantee

Nigeria

M W Kellogg Limited

Lng Project

Addition of trains 4 and 5 to existing LNG plant

£119,033,808

December 2002

September 2005

Buyer credit guarantee

Algeria

Siemens Industrial Turbomachinery Limited

Pipeline Project

Supply of turbine generator sets for the OZ2 Pipeline

£23,061,936

September 2003

September 2005

Buyer credit guarantee

Brazil

Diamond Offshore Drilling (UK) Limited

P52 Oil Platform

Drilling offshore exploration wells/charter of an offshore drilling unit

£42,767,276

January 2004

February 2004

Project finance guarantee

Azerbaijan

BP Exploration (Caspian Sea) Limited

BTC Piepline Project

Oil pipeline

£56,354,403

February 2004

August 2006

SCF guarantee

Iran (Islamic Republic of)

Salzgitter Mannesmann (UK) Limited

South Pars Phases 9 and 10

Steel-related products for the downstream development of a gas field

£12,630,693

July 2004

July 2008

SCF guarantee

Iran (Islamic Republic of)

Man Limited

South Pars Phases 9 and 10

Mechanical, piping and electrical engineering equipment for the downstream development of a gas field

£32,529,092

July 2004

July 2008

SCF guarantee

Iran (Islamic Republic of)

Doncasters Middle East Limited

Turbine Blade Technology

Provision of services and tooling to refurbish turbine generator blades.

£14,373,935

August 2004

March 2006

SCF guarantee

Kazakhstan

Kellogg Brown & Root Limited

Ali Bekmola Oil Field Development

Oil field services

£6,839,754

November 2004

December 2004

SCF guarantee

Mexico

Odebrecht Oil and Gas Services Limited

Living Quarters On Oil Platform

£6,189,505

November 2004

December 2004

SCF guarantee

Brazil

Invsat Limited

P52 Oil Platform

Full telecommunications package

£1,318,153

October 2005

October 2007

SCF guarantee

Brazil

Koch Chemical Technology Group Limited

P52 Oil Platform

Vacuum deaeration equipment

£2,099,502

October 2005

October 2007

SCF guarantee

Brazil

Rolls-Royce Power Engineering Plc

P52 Oil Platform

Power generation equipment

£26,695,937

October 2005

October 2007

SCF guarantee

Brazil

VWS Westgarth Limited

P52 Oil Platform

Sulphate reduction equipment

£6,488,282

October 2005

October 2007

SCF guarantee

Korea, Republic of

Alstom Power Conversion Limited

Shin Wolsuing Power Stn.

£1,127,299

January 2006

January 2009

EXIP insurance

Turkey

Brush Electrical Machines Limited

50MW Generators Sets

£684,163

March 2006

May 2006

Buyer credit guarantee

Mexico

SLP Engineering Limited

KMZ Oil Field Platform

Accommodation platforms

£12,468,774

June 2006

January 2008

SCF guarantee

Nigeria

Gentec Energy Plc

5MW Gas Fired Power Plant

£7,891,229

May 2008

June 2009

SCF guarantee

Nigeria

Gentec Energy Plc

12.75MW Power Stn. and gas Plant

£13,669,924

September 2008

September 2009

SCF guarantee

1 Information withheld to protect the commercial interests of the company and ECGD