WASHINGTON--(BUSINESS WIRE)--Zurich, a leader in political risk and trade credit insurance in emerging markets, today announced it is providing political risk insurance for a hydroelectric power plant in Sri Lanka. This project was developed in cooperation with the Overseas Private Investment Corporation (OPIC), which will provide financing and reinsurance for the plant.

Zurich is providing political risk coverage to the U.S. sponsor of the five-megawatt hydropower plant on the Weli River in south central Sri Lanka. OPIC will provide a $4.3 million loan to MaTh Hydro Power, the project company, for construction of the plant, as well as $1.4 million in reinsurance for Zurich's political risk coverage of the project.

Full Story...

Posted by rjorr at March 12, 2008 11:27 PM