http://www.miga.org/documents/miganews/images/banner_mayjun12.jpg

Korean Firms Receive MIGA Cover for Hydropower Project in Pakistan

MIGA has issued guarantees of $148.5 million covering an equity investment by Korea Water Resources Corporation (K-Water) and Daewoo Engineering & Construction (Daewoo) in Star Hydro Power Limited incorporated in Pakistan. This is the first time MIGA has provided cover for a Korean company. The project involves the development, construction, and operation of a 147 megawatt run-of-the-river hydropower plant.
>> more

Hydropower Project in Pakistan

MIGA and IFC Step up Collaboration

In June, MIGA and IFC signed a memorandum of understanding that will enable eligible commercial lenders participating in IFC B-loan syndications to obtain MIGA's political risk insurance for war and civil disturbance. This collaboration is occurring under the IFC/MIGA Business Development Partnership, which encourages the institutions to work together for the benefit of World Bank Group clients, particularly in the world's poorest countries.
>> more

MIGA and IFC Step up Collaboration

MIGA Backs Uzbekistan's First Project Financing

MIGA played an instrumental role in helping LUKOIL Overseas Uzbekistan secure a large project finance deal for the upstream gas development of the Khauzak-Shady Block and Kandym Field Group. The agency issued a guarantee of $119.5 million to BNP Paribas (Suisse) SA of Switzerland-acting for itself and Crédit Agricole Corporate and Investment Bank and the Korean Development Bank—to cover a non-shareholder loan to LUKOIL Overseas Uzbekistan Ltd. The Asian Development Bank and the Islamic Development Bank also provided $200 million in financing.
>> more

MIGA Backs Uzbekistan's First Project Financing

Boosting Sustainable Agriculture in Zambia

In Zambia, MIGA client Chayton Africa is introducing efficient agricultural practices such as crop rotation and zero tillage, soil and water management, and technological improvements to help the country increase its agricultural output. Chayton Africa is one of several MIGA clients benefiting from the agency's master contract for private equity funds.
>> more

Sustainable Agriculture in Zambia

Niger Becomes MIGA's 177th Member

Foreign direct investment going into Niger is now eligible for MIGA's political risk insurance. This insurance protects investments against the risks of transfer restriction, expropriation, breach of contract, non-honoring of sovereign financial obligations, and war and civil disturbance. Investors from Niger going into other developing countries may also receive coverage for their investments from MIGA.
>> more

MIGA's 177th Member

NEW CONTRACTS 

Banking and Financial Services
Zagrebacka Banka d.d., Croatia, 298.8M
Manufacturing
Takoradi Renewable Energy Ltd., Ghana, 9.2M
Jordan Bromine Company Limited, Jordan, 199.8M
Motorcare Sierra Leone Limited, Sierra Leone, 1.4M
Turkmenistan Coca-Cola Bottlers, Turkmenistan, 11.5M
Whirlpool Ukraine LLC, 6.6M
Oil and Gas
LUKOIL Overseas Uzbekistan Ltd., 119.5M
Telecommunications
HTT Telecom S.A., Cameroon, 6.5M
Transportation
Henri Konan Bédié Bridge, Côte d'Ivoire, 145M
Panama Metro Line One, Panama, 320M

PROPOSED GUARANTEES
In accordance with the agency's disclosure policy, MIGA discloses summaries of all proposed guarantees.

Agribusiness
Chobe Agrivision Company Ltd., Zambia, 9.5M
Power
Bujagali Energy Ltd., Uganda, 10M
Eolo Wind Farm, Nicaragua, 25.2M


RELATED LINKS

About MIGA
Project briefs
Sector briefs
Investment Guarantee Guide
Guarantee application
Press releases

Follow us on Twitter

PRI News
>>Lloyd's approves XL syndicate to write political risk
>>Political risk major concern for public-private partnership projects: ADB
>>Factbox: Key political risks to watch in Mexico
>>The Political Risks of Doing Business Overseas
>>More Asian firms taking up trade credit insurance

PRI Resources
>>World Investment and Political Risk Report 2011
>>Lloyds
>>Berne Union


FOR PREVIOUS ISSUES OF MIGANEWS, VISIT THE MIGANews Archive
SEND FEEDBACK TO miganews@worldbank.org
FOR GENERAL INQUIRES AND APPLICATIONS, CONTACT Michael Durr at migainquiry@worldbank.org
TO SUBSCRIBE, CLICK HERE. TO UNSUBSCRIBE, CLICK HERE
.