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Keiko Honda Takes Up Post as MIGA Executive Vice President

Honda joined MIGA in July and is serving as the Agency’s sixth head in its 25-year history. She joins MIGA from McKinsey & Company where she was a Director and the company’s first woman senior partner in Asia. Honda has extensive experience within global organizations—both private and public sector—where she gained a reputation as a leader in banking, corporate finance, and private equity. She has also served on a number of Japanese government committees including the Council of Regulatory Reform for Prime Minister Koizumi and several earlier administrations.
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Keiko Honda Takes Up Post as MIGA Executive Vice President

MIGA Backs Long-Term Commercial Financing for Kenya Power Plant

MIGA has issued $102.5 million in coverage against the risk of breach of contract for an 83 megawatt heavy fuel oil plant being constructed in Kenya. The power plant is part of Kenya’s Least Cost Power Development Plan, which calls for an increase in the number of independent power producers and a more diversified energy mix. Commercial financing is being provided by MIGA clients Industrial and Commercial Bank of China and Standard Bank of South Africa. This represents the first time MIGA has issued a contract of guarantee to a Chinese investor or lender.
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MIGA Backs Long-Term Commercial Financing for Kenya Power Plant

Wastewater Treatment Plant in Jordan Receives MIGA Support

MIGA is supporting the expansion of Jordan’s AS Samra Wastewater Treatment through guarantees of $13.1 million covering equity investments by Suez Environnement S.A., Infilco Degremont, Inc., and Morganti Group Inc. The coverage is against the risk of breach of contract for up to 20 years. The expansion will include the addition of two more treatment lines and is expected to be completed by the end of June 2015. MIGA is continuing its coverage for the first phase of the plant, built in 2008. 
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 Wastewater Treatment Plant in Jordan Receives MIGA Support 

MIGA Covers Lenders for Angola Hydroelectric Power Plant Expansion

Angola has vast indigenous energy resources, but its generation and transmission infrastructure is severely underdeveloped. As part of a comprehensive program aimed at increasing generation capacity from around 1,500 megawatts to over 5,000 megawatts, the government has secured commercial financing for the expansion of the Cambambe plant, one of two hydroelectric power stations operating on the Kwanza River. MIGA is providing non-honoring of sovereign financial obligations cover of $512 million to the project’s lenders, HSBC Bank plc, Société Générale, and BHF-Bank Aktiengesellschaft.
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MIGA Covers Lenders for Angola Hydroelectric Power Plant Expansion

NEW CONTRACTS

Agribusiness
Traitex Afghanistan, 0.8M

Financial
Raiffeisen Bank AVAL, Ukraine, 142.5M

Services
Société de Scanning du Gabon S.A., 7.5M

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

Agribusiness
Mido Dairy Production Co, Afghanistan, 1.8M

Power
TDB Leasing LLC, Mongolia, 38.0M
Porsche Leasing Ukraine/Porsche Mobility, Ukraine, 47.9M


SPECIAL EVENT

MIGA is sponsoring and speaking at Euromoney

MIGA is sponsoring and speaking at Euromoney's Annual Global Export Finance Conference in Barcelona on September 23-24. Learn more about the conference and register here.


RELATED LINKS 

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Investment Guarantee Guide
Guarantee application
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