The Japan Bank for International Cooperation is considering helping fund overseas projects led by Inpex Corp. and Toshiba Corp. worth $40 billion as the government aims to boost exports of equipment and technology.
JBIC may offer loans to Toshiba, which has exclusive rights to negotiate to build a nuclear power station in Turkey, and plans to provide a preliminary loan commitment to Inpex for its Ichthys liquefied natural gas project in Australia, said Tadashi Maeda, head of corporate planning at the government-owned bank.
Japan is pushing companies such as Toshiba and Hitachi Ltd. to compete with rivals including Korea Electric Power Corp. and Areva SA for overseas nuclear plant projects to aid the domestic recovery. Ichthys, due to start in 2016, would be the largest energy project operated by a Japanese company.