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Rushydro Inks $25m Loan Guarantee

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  • Rushydro Inks $25m Loan Guarantee

    RUSHYDRO INKS $25M LOAN GUARANTEE

    http://www.stockmarketwire.com/article/4529134/RusHydro-inks-25m-loan-guarantee.html
    30 January 2013 | 13:30pm

    StockMarketWire.com - RusHydro has signed a loan guarantee agreement
    with the European Bank for Reconstruction and Development (EBRD) to
    finance the modernisation of the Sevan-Hrazdan cascade of hydropower
    plants in Armenia.

    The work is being carried out by RusHydro subsidiary JSC International
    Energy Corporation which owns the facilities.

    The loan in the amount of $25m maturing in 2029 will be used for the
    modernisation of seven hydropower plants of Sevan-Hrazdan Cascade
    with a total installed capacity of 561 MW, which represents ca. 10%
    of the total electric capacity in Armenia.

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