Mr. Menzies Campbell: To ask the Secretary of State for Trade and Industry what applications for credit guarantees were received by
the ECGD, from which companies, for what amount, and on what date in respect of (a) the Pergau Dam, (b) Singapore Utilities Water
Project, (c) the Turkwell Dam, (d) the Ewaso Ngiro Dam, (e) the Ajaokuta Steel Plant, (f) the Katse Dam and (g) the Meula Dam; which
applications were approved, for what amount, and on what date; what payment has been made against each project by the ECGD and on
what date; what ECGD liability exists against each project; and if he will make a statement. [110393]
Dr. Howells: [holding answer 21 February 2000]:
ECGD can find no trace of applications for Credit Guarantees for the Singapore Utilities Water Project, the Turkwell Dam, and the
Muela Dam. However ECGD was approached for support for the construction of an underground power station associated with the Muela
Dam.
The answers to the question on the remaining Projects are set out in the following table.
The information on the Ajaokuta Steel Plant in Nigeria relates to an application for support for a Technical Training Centre
associated with the Steel Plant.
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Amount of and date of application
Project Exporter Amount Date
Pergau Dam, Malaysia Balfour Beatty Construction 1 buyer credit: £315m December 88
Ltd. and
Cementation International Ltd. Revised to £410m March 90
(joint venture)
4 supplier credits:
£12.0m 31 January 91
£23.6m 22 February 91
£8.4m 22 February 91
£119.1m 22 February 91
Ewaso Ngiro Dam, Kenya WLPU Consultants (now called 1 buyer credit: {1}£43.8m 9 April 90
Knight Piesold)
Ajaokuta Steel Plant, Nigeria Carillion Construction Figures unavailable --
Katse Dam, Lesotho Kier International Ltd. and 1 buyer credit and 2 supplier 10 December 90
Sterling International Civil credits} £267m
Engineering Ltd. (joint
venture)
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{1} Loan value Note: Some figures unavailable because repayments were lumped together with several other credits
_________________________________________________________________________________________________.
Payments by ECGD and date
Project Amount approved Date approved Payment Date ECGD's liability
Pergau Dam, Malaysia £327.9m 13 March 1991 Nil -- £40.3m
£10.8m 21 March 1991 Nil -- Nil
£23.4m 13 March 1991 Nil -- Nil
£7.6m 21 March 1991 Nil -- Nil
£119.1m 21 March 1991 Nil -- £11.1m
Ewaso Ngiro Dam, Kenya {1}£68.1m 21 June 1990 £377,043 15 March 1992 £10.2m
£440,150 15 September 1992
£442,371 15 March 1993
£440,150 15 September 1993
£442,371 15 March 1994
£4,752 15 September 1994
£2,898 15 March 1995
Ajaokuta Steel Plant, £22.4m 1982 £14.2m Date unavailable {2}£13.9m
Nigeria
Katse Dam, Lesotho £26.5m 4 March 1991 Nil -- Figure unavailable
£40.1m Nil -- Nil
£6.9m Nil -- Nil
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{1} Loan value + interest {2} Plus interest Note: Some figures unavailable because repayments were lumped together with several
other credits