LTFF For Generators and Captive Power Plant and Machinery
Wednesday, June 10, 2009
State Bank of Pakistan (SBP) has been decided that financing facilities under LTFF Scheme shall also be available to export oriented units/projects which presently are not eligible under LTFF Scheme for import of generators/captive power plants (including other allied machinery items used to generate electricity) on following terms & conditions;
- The capacity of generator/captive power plant shall not be in excess of their in-house energy requirements for the manufacturing of their products.
- In case of excess generation capacity, only the proportionate financing up to the manufacturing requirements of the unit/project will be eligible.
- Refinancing shall be allowed to the extent of 50% of financing provided by banks/DFIs for import of generators/captive power plants.
- Remaining 50% shall be financed by the banks/DFIs from their own sources as per the terms & conditions of financing banks/DFIs agreed with the borrowers concerned.
- L/Cs established since January 1, 2008 but retired/to be retired during the period from January 1, 2009 to December 31, 2009 shall be eligible for refinancing under the Scheme.
- Minimum exports of the unit/project should be at least 50% of its annual sales.
posted @ 10:08 AM,
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