Companies in Georgia, Florida, Maine, Missouri,
New York, Texas to Benefit
WASHINGTON, Dec. 16 /PRNewswire/ -- The Export-Import Bank of the United
States (Ex-Im Bank) today approved a $53.3 million loan guarantee to support
the export by GE Packaged Power, Inc., Houston, Tex., and other U.S. suppliers
of equipment and services to expand the Bis Enerji Elektrik Uretimi A.S. (Bis
Enerji) power plant in Bursa, Turkey.
U.S. suppliers participating in the export sale include: General Electric
Co., Schenectady, N.Y.; WahlcoMetroflex, Inc., Lewiston, Me.; World Control
Internatioal, Orlando, Fla.; Hebeler Corp., Tonawanda, N.Y.; Nooter/Erikson
Fenton, Mo.; and General Electric Energy Parts, Inc., Atlanta, GA.
"We are delighted to support U.S. exports to Bis Enerji, a long-time
customer, and in the process to create and sustain high-quality U.S. jobs
around the country," said Ex-Im Bank Chairman Philip Merrill.
The transaction represents the third expansion of the Bis Enerji plant
supported by Ex-Im Bank. The guaranteed lender on the transaction is UPS
Capital Business Credit, Hartford, Conn.
The financing will support the sale of one GE LM6000PC gas turbine and
generator, three Nooter/Eriksen heat recovery steam generators, a GE steam
turbine generating unit, and associated installation services and equipment to
add 108 megawatts of generating capacity to the plant to meet Turkey's
increased demand for electrical power.
Ex-Im Bank this year marks its 71st year of helping finance the sale of
U.S. exports, primarily to emerging markets throughout the world, by providing
loan guarantees, export credit insurance, and direct loans. In fiscal year
2004, Ex-Im Bank, an independent federal agency, authorized financing to
support approximately $17.8 billion in U.S. exports worldwide, a 25% jump from
a year earlier. For more information on Ex-Im Bank visit http://www.exim.gov.
To receive news and information directly from Ex-Im Bank via e-mail, sign up
at http://www.exim.gov/lists/subscribe.cfm.
SOURCE Export-Import Bank of the United States
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