Source Pravda.Ru

Comments: EBRD plans to grant $70m loan to Moscow power utility

The European Bank for Reconstruction and Development (EBRD) plans to granta loan of $70m to the Mosenergo company. A respective agreement is expectedto be signed on August 14, Vladislav Nazin, Mosenergo deputy generaldirector for economics, reported at a news conference today. The term ofthe loan will be five years, and repayments are to be made once in sixmonths.

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