KYIV, Aug 23 – The U.S. Overseas Private Investment Corporation (OPIC) intends to issue Breach of Contract for Capital Markets political risk insurance for the $250 million loan raised by state nuclear power generating company Energoatom via Central Storage Safety Project Trust (Delaware) to develop and build the central spent nuclear fuel storage facility.
According to a posting on the OPIC's website, the project is pending approval of the Board of Directors on September 14, 2017.
According to the document, this is a form of expropriation coverage that insures against the risks of nonpayment of an arbitral award by Energoatom and the government of Ukraine and denial of justice by the government of Ukraine.
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