Financing of power supply systems and pollution control equipment

The authors explain the bankers' point of view of the financial and economic aspects of developments in the energy sector, discussing the financing of natural gas pipelines (Muro, Megal, etc.), of nuclear power plant construction, of projects in the oil supply sector, and of pollution abatement measures and equipment for the power industry and other industries. The different financial situations of small firms or large firms supplying pollution control equipment are discussed referring to the financing schemes to be set up, explaining among other things the profitability assessment taking into account long-term development or delays in return on capital investment from borrowed funds as induced, e.g., by delays in the licensing procedure. Future demand for borrowed capital for pollution control or nuclear power plant development is difficult to assess by the banking circles. (orig./RST)