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Cabinet decides to borrow from Japanese banks to set up power stations

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tlm724

tlm724
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Tuesday, October 14th, 2014 17:13
Cabinet decides to borrow from Japanese banks to set up power stations

BAGHDAD / Baghdadi News / .. Cabinet decided during its regular fifth, on Tuesday, borrowing from Japanese banks to set up a secondary power stations, taking several conditions for borrowing.
According to a statement issued by the Office of the Prime Minister Haider al-Abadi and received / Baghdadi News /, a copy of the "Council of Ministers guardian of the Committee on Energy on borrowing from the Japanese Bank for International Cooperation (JBIC) and commercial banks Japanese ensuring Foundation (NEXI), on behalf of the Ministry of Electricity for Generation stations by secondary electrical company (TOYOTA TSUSHO) Japanese. "
He added, "The Council of Ministers stipulated by the Ministry of Finance to implement obligations of the loan they will be the city, as well as a contract with the company listed above are directly excluded from the instruction and implementation of government contracts (2) for the year 2014."
He continued, Council sense of the statement, "the inclusion of the contract signed Diwani Order No. (86) for the year 2012", excluding "loan (JBIC) of instructions and regulations relating to the holding tax payments settling accounts and other fees" Ended 21 / l

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