Ex-Im Bank approves $45 m export finance

20 December 2013

The Export-Import Bank of the United States (Ex-Im Bank) is to guarantee a $44.8 million loan extended by GE International Inc. to Mashav Initiating and Development that will facilitate the export of power plant equipment to Israel and support approximately 100 jobs in Houston and Cincinnati, according to bank estimates derived from Departments of Commerce and Labor data and methodology.

The exports include one GE LM6000 PF Sprint gas-turbine generator set manufactured by GE Packaged Power, two Energy Chiller packages manufactured by TAS Services, and related services. Mashav plans to employ the equipment in the expansion of its power plant in Ramla, Israel. The plant is scheduled to be operational by January, 2014.

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