Role of JBIC in Emerging Markets

Yoshiaki Yoshiaki UshiUshiｊｊimaimaChief Representative, Washington OfficeChief Representative, Washington Office

Japan Bank for International Cooperation (JBIC)Japan Bank for International Cooperation (JBIC)

2323thth January 2011January 2011

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Contents

I. Policy Background

II. JBIC’s Role as a Public Financier

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I. Policy Background

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21 National Strategic Projects for Revitalization of Japan for the 21st Century

The New Growth Strategy

<Principal measures>○Promoting deployment of integrated infrastructure systems through public-

private collaboration

○Establishing a framework for strenuously supporting private companies’initiatives in the field of infrastructure with “one voice and in a united front”

※Nuclear Energy, Renewable Energy etc. will be covered by these measure.

The New Growth Strategy

○Deployment of Integrated Infrastructure Systems

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(source: NPU)

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Concept of Deployment of Integrated Infrastructure Systems

○ Cooperation for Establishment of Necessary Laws and Regulations

○ Technical Assistance

○ Feasibility Study

○ Engineering, Procurement and Construction

○ Public Finance (JBIC)

○ Operation and Maintenance

○ Coordination of Proposal (such as JINED)

Combined Proposal corresponding to the recipient country's request

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II. JBIC’s Role as a Public Financier

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Objectives

Profile of JBIC

Promoting overseas development and acquisition of strategically important natural resources to Japan

Maintaining and improving the international competitiveness of Japanese industries

Responding to disruptions in financial order in the international economy

Promoting the overseas business having the purpose of preserving the global environment, such as preventing global warming

Facility Loan, Guarantee, Equity participation, etc

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Mexico City

New York

Washington D.C.

LondonParis

Frankfurt

Moscow

SydneyBuenos Aires

Rio de Janeiro

TokyoOsaka

Beijing

Hong Kong

Manila

Hanoi

Bangkok

Singapore

Jakarta

New Delhi

19 representative offices in the world

Dubai

Overseas Network

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Recent Generation, Transmission and Distribution Projects

2 3

4 5

1

10 11 13

1415 16

17

18

19 20

9

12

26 2728

29

3021

22 23 24

25

31

32

Bahrain

Vietnam

Philippines

Singapore

Sri Lanka

Qatar

UAE

Jordan

BulgariaRomania

6 7 8

Mexico

Columbia

Indonesia

Thailand

South Africa

India

Kazakhstan

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【Generation, Transmission and Distribution】Vietnam /Lao Cai Hydro Power Station （2008.11）Vietnam /Hai Phong 2 power plant （2007.3）Vietnam /Phu My 3 power plant （2003.6）Philippines /Mirant Power Acquisition （2007.6）Philippines /CBK Power Acquisition （2005.3)Thailand /Ratchaburi Power Plant （2005.12)Thailand /Kaeng Khoi 2 Power Plant (2005.11）Thailand /BLCP Power Plant （2004.3）Singapore /Senoko Power Limited （2008.9）Indonesia/Cirebon Power Plant （2010.3）Indonesia /Paiton Power Plant （2010.3）Indonesia /Tanjung Jati B Power Plant Expansion（2008.12）Indonesia /Power Transmission and Substation Facilities（2004.9）India /Advanced Supercritical Pressure Thermal Power Generation Facilities （2009.10）India /Advanced Supercritical Pressure Thermal Power Generation Facilities （2009.7）India /Barh Super Thermal Power Plant （2007.12）

2

3

4

5

6

1

9

10

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Sri Lanka /Rehabilitation of Ukuwela Power Station （2008.2）Kazakhstan /Thermal Power Plant （2009.12）Bahrain /Al Hidd IWPP （2006.4）Qatar /Ras Laffan C IWPP （2008.8）Qatar /Mesaieed A Power Plant （2007.4）UAE /Shuweihat S2 IWPP （2009.10）UAE /Fujaira F2 IWPP （2007.12）UAE /Taweelah B IWPP （2005.4）Jordan /Amman East Power Plant （2007.3)Bulgaria /Kaliakra Wind Power Plant （2007.3)Bulgaria /Maritsa East 2 Power Plant （2004.7）Romania /Advanced Substation Equipment （2004.6）South Africa /ESKOM Power System Development （2007.2）Mexico /Valladolid 3 Power Plant （2004.12)Mexico /Tuxpan 5 Power Plant （2004.7)Columbia /Porce 3 Power Plant （2008.9）

27

28

29

30

31

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

32

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※figures in parenthesis mean signing date

Recent Generation, Transmission and Distribution Projects

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Export LoanDirect Loans to Foreign Buyers and Financial Institutions (Buyer's Credit (B/C) and Bank-to-Bank Loan (B/L))

Major Facilities of JBIC

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Cash payment: minimum 15%

Currency : JPY, USD or EUR

Minimum interest rate :CIRR (Commercial Interest Reference

Rate; government bond yields plus 100bp)

Maximum repayment period :(nuclear power plant) 18

yrs (after completion date)

Repayment schedule: equal & semi-annual installment

Premium: OECD consensus on risk premium

Local Costs: Up to 30% of the export contract value

Major Terms & Conditions under the OECD Guideline

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Information contained in this presentation and its materialsmay be subject to change without notice and may at anytime be superseded. JBIC and/or any person accept noliability whatsoever for any direct, indirect or consequentialloss of any kind arising out of the presentation and itsmaterials, or relevant financial advisory services.

All rights reserved. No part of the materials may bereproduced, stored, or transmitted in any form or by nomeans, electronic, mechanical, photocopying or otherwise,without the prior consent of JBIC.

Thank you very much!Thank you very much!