United Mexican States/Credit Line for Comisión Federal de Electricidad
Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI: Chairman and CEO: Kazuhiko Bando) has approved a credit line for the Comisión Federal de Electricidad (hereinafter referred to as “CFE”) in the United Mexican States (hereinafter referred to as “Mexico”) to support its purchase of Japanese goods and services related to its power business.
The CFE and Japan Bank for International Cooperation (JBIC) agreed on October 26 on an export credit line worth up to USD 100 million1. NEXI will cover the co-financing portion provided by commercial banks up to USD 40 million through our insurance program.
The CFE is the national electric power company, wholly owned by the Mexican government. The government plans to develop power sources centering on gas-fired and renewable energy power generation. The nation’s electricity reform is expected to provide more opportunities for the private sector to enter into the field, as well as to encourage the CFE to develop its projects.
Through this credit line, NEXI supports Japanese entities' exports and sales and consequently contributes to maintaining and strengthening their global competitiveness. As Japan’s policy-based financial institution, NEXI continues to actively support Japanese companies to expand their business overseas.
Contact: Power Group, Structured and Trade Finance Insurance Department
Tel: +81-(0)3-3512-7340
1 Export credit line is a form of export financing in which a certain amount of credit limit is set up to promote export of Japanese goods and equipment.