Bechtel and GE File Arbitration Over Dabhol Power Company

Bechtel and GE File Arbitration Over Dabhol Power Company

22 September 2003

Bechtel Enterprises Holdings, Inc. and GE Structured Finance (GESF) have filed an arbitration action against the Government of India to recover their investments in the Dabhol Power Company (DPC).  The total value of the claim may reach US$600 million for each company and represents their direct investments of approximately US$120 million each and their shares of the market value of DPC specified in the power purchase agreement (PPA) signed by the Maharashtra State Electricity Board (MSEB) and guaranteed by the Government of India.   

Historic Ex-Im Bank Financing Supports U.S. Exports

Historic Ex-Im Bank Financing Supports U.S. Exports

16 September 2003

The Export-Import Bank of the United States (Ex-Im Bank) today gave the final administrative go-ahead for a loan guarantee of up to $200 million to support U.S. exports to build the Nanhai Petrochemical Complex in Guangdong Province in China.