Summary of the Meeting of the Board of Directors
Completed
I, Jonathan J. Cordone, General Counsel, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, February 10, 2011, in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.
Accordingly, such meeting may be closed to the public.
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS
FEBRUARY 10, 2011
ITEM NO 1 Minutes of January 20, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian
and Director Farrell all approved the minutes.
ITEM NO 2
Country TURKEY AP085104XX
Request for FINAL COMMITMENT
Applicant GE CAPITAL MARKETS CORPORATE, WASHINGTON DC
Borrower ALES ELEKTRIK URETIM VE TICARET A.S., ISTANBUL TURKEY
Guarantor PALMET ENERJI A.S., ISTANBUL 34696 TURKEY
Buyer ALES ELEKTRIK URETIM VE TICARET A.S., ISTANBUL TURKEY
End-user ALES ELEKTRIK URETIM VE TICARET A.S., ISTANBUL TURKEY
Exporter GE CAPITAL MARKETS CORPORATE, WASHINGTON DC
Exporter GE PACKAGED POWER INC, HOUSTON TX
Exporter ADDITIONAL EXPORTERS
Supplier GE CAPITAL MARKETS CORPORATE, WASHINGTON DC
Supplier WAHLCOMETROFLEX INC., LEWISTON ME
Supplier ADDITIONAL SUPPLIERS
Gteed Lender JPMORGAN CHASE BANK, NEW YORK NY
Co-Fin ECA COFACE, 92065 PUTEAUX FRANCE
Co-Fin ECA EKSPORT KREDIT FONDEN EKF DENMARK, COPENHAGEN DENMARK
Project Name ALES ELEKTRIK
Project Description 62MW COMBINED CYCLE POWER PLANT
Product Description GAS TURBINE ENGINE
Financed Amount $ 37,421,314
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.