Limited Recourse Financing
for Potash: We assume Acron will succeed in arranging the limited recourse debt financing for its potash project after 2017, which means that Verkhnekamsk Potash Company's (VPC) debt, cash and equity are deconsolidated from Acron's accounts.
The developers of one of the worlds biggest offshore wind farms declared the limited recourse financing
for the project, having reached financial close in 6 months.
Due to the nature of limited recourse financing
, lenders need to ensure that any and all security available to them is properly registered.
The Sarulla project will obtain construction and term loans under a limited recourse financing
package of direct loans from JBIC and ADB, as well as loans from the Covered Lenders backed by political risk guarantees from JBIC.
The facility is structured as a limited recourse financing
and is fully underwritten by DVB Group Merchant Bank (Asia) Pte Ltd, NIBC Bank NV, ING Bank NV, China Development Bank and GIEK/Eksportfinans.
In order to observe prudence, while undertaking Limited Recourse Financing
for Infrastructure Projects, banks/DFIs shall secure their interest by Primary Security/Collateral, besides either one or a combination of the Secondary Securities/Collateral.
He added that Emirates Steel's limited recourse financing
is scheduled to reach financial close before the end of August 2010.
And in July last year GDF Suez, the French-based energy company, along with Gulf Investment Cooperation (GIC) completed limited recourse financing
for the $2.
Last July, GDF Suez, the French-based energy company, along with Gulf Investment Co-operation completed limited recourse financing
for the $2.
5 billion through limited recourse financing
to cover the financing needs of the first and second phases of the expansion.
Large power stations are expensive and limited recourse financing
may be required, whereas project sponsors may wish to finance the LNG terminal on a recourse basis.
KCM says that its decision is based on the current difficult market conditions for copper and cobalt, and on the non-availability of limited recourse financing
for the project.