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INTER RAO UES SUBSIDIARY IN ARMENIA TO GET 64.5 MLN EURO LOAN
Prime-Tass English-language Business Newswire
June 17, 2009 Wednesday 4:12 PM EET
Russian electric power company Inter RAO UES said Wednesday that its
wholly owned subsidiary in Armenia, Electric Networks of Armenia,
will receive a 10-year 64.5 million euro loan from the European Bank
for Reconstruction and Development (EBRD) and Vnesheconombank.
The EBRD will disburse a loan worth 42 million euros and
Vnesheconombank will provide a loan worth 22.5 million euros to
upgrade electric power grids in Armenia.
Electric Networks of Armenia is the only seller of electric power in
Armenia. The company's sales amounted to 186 million euros in 2008.
Prime-Tass English-language Business Newswire
June 17, 2009 Wednesday 4:12 PM EET
Russian electric power company Inter RAO UES said Wednesday that its
wholly owned subsidiary in Armenia, Electric Networks of Armenia,
will receive a 10-year 64.5 million euro loan from the European Bank
for Reconstruction and Development (EBRD) and Vnesheconombank.
The EBRD will disburse a loan worth 42 million euros and
Vnesheconombank will provide a loan worth 22.5 million euros to
upgrade electric power grids in Armenia.
Electric Networks of Armenia is the only seller of electric power in
Armenia. The company's sales amounted to 186 million euros in 2008.