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FE entities contribute a combined USD 7.5 million to the provisions for the relevant bond fund programmes to assist production and related power generation schemes funded by port authorities. As part of the Memorandum of Understanding, the FE Associations in 2009 pledged to make a combined USD 2.5 million per year available to the Port Authorities to assist loans for OMA and Port Authority nominated project and have already contributed USD 5 million in funding.
Bond-fund programmes may be appealing to producers for the following reasons: Producers may be entitled to a bond fund programme if: Producer fulfils the economically appropriate port authority and bond fund programme economic criterion.
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