|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the PBR 6-K filed Jun 8, 2009. 14.11 Financing for the Gasene Project In 2008, Transportadora Gasene raised from the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) , the following amounts referring to the long-term credit lines contracted on December 27, 2007: (i) the amount of US$ 750.000, from the financing contract through onlending of foreign funds from BNDES (from the China Development Bank), and (ii) the amount R$ 907.671 thousand from the financing contract through funds of BNDES, itself, related to sub-loan “A” for GASCAV, and the amount of R$ 1.032.410 thousand related to sub-loan “B” for GASCAC. This excerpt taken from the PBR 6-K filed Mar 31, 2009. 16.14 Financing for the Gasene Project In 2008, Transportadora Gasene raised from the National Bank for Economic and Social Development (BNDES), the following amounts referring to the long-term credit lines contracted on December 27, 2007: (i) the amount of US$ 750.000, from the financing contract through on-lending of foreign funds of BNDES (from the China Development Bank), and (ii) the amount of R$ 907.671 from the financing contract through funds of BNDES related to sub-loan A for GASCAV, and the amount of R$ 1.032.410 related to sub-loan B for GASCAC. On February 26, 2008, the bridge loans taken out from BNDES, in the amount of R$ 2.028.099, were fully paid off as corresponding entries to the first receipt of the lines of credit. The objective of the raising of these funds is the construction of the Cabiúnas-Vitória pipeline for transport of natural gas, which is approximately 300 km long and links Cabiúnas, in the municipality of Macaé in the state of Rio de Janeiro to the municipality of Vitória in the state of Espirito Santo, and other related assets (GASCAV), as well as the Cacimbas-Catu pipeline for transport of natural gas, which is approximately 940 km long and links Cacimbas, in the state of Espírito Santo, to Catu, in the state of Bahia, and the related assets (GASCAC), both of which are integral parts of Projeto Gasoduto Sudeste-Nordeste (the GASENE project). These lines of credit were negotiated with the following conditions: | EXCERPTS ON THIS PAGE:
RELATED TOPICS for PBR: |
| |||||||
