J. Henry Schroder Wagg & Co. Limited
SINGAPORE
Senoko Power Station, Singapore (1988)
In October 1988 Kraftwerk Union (KWU) was awarded a competitive contract worth approximately £30 million to supply the Public Utilities Board with gas turbines for the Senoko power station. Schroders acted as KWU's advisers and provided advice both on the tendering strategy and the financial aspects of the bid.
Pulau Seraya Power Station, Singapore (1983-87)
In May 1983, NEI Parsons, in the face of fierce international competition, was awarded the contract to supply 3 x 250MW turbine generators for the Pulau Seraya Power Station in Singapore. Schroders were appointed by NEI Parsons to support their bid with a financial package and our innovative structure, which included the first Swiss Franc UK buyer credit ever arranged, significantly contributed to their success in winning the contract.
In 1987 Schroders subsequently arranged a Swiss Franc interest rate swap associated with this facility for the MRTC.
Mass Rapid Transit (MRT) Corporation, Singapore (1984)
In January 1984 Westinghouse Brake and Signal Co. was awarded a £46 million contract to supply the signalling system for the MRT project. Schroders arranged a buyer credit in support of this contract and was able to obtain significant concessions for the Singapore authorities from the British government in the negotiation of the loan.
Jurong Power Stations, Singapore (1984)
In September 1984, Kraftwerk Union (KWU) of West Germany was awarded a contract worth approximately £30 million to supply the Public Utilities Board with gas turbines for the Jurong Power Station. Schroders acted as KWU's financial advisors and provided them with advice in relation to both their tendering strategy and accompanying financial proposal.
CHINA
Beijing Subway Corporation, China (1990)
In December 1989 Balfour Beatty Limited were awarded a contract by the China National Technical Import and Export Corporation for the supply of a package of equipment, documentation and services to the Beijing Subway Corporation for the modernisation of the Beijing Subway. Schroders, who acted as financial adviser to Balfour Beatty, also arranged and export credit loan to the Bank of China to provide finance for £13.1 million for this contract. The balance of the contract was financed by a non-repayable British Government aid grant of £7.78 million.