Source Pravda.Ru

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. Nazin pointed out, "one should not directly link this loan to the comingpayments to Eurobond holders." Mosenergo plans to spend some part of thesefunds on increasing the capacity of a hydroelectric power plant in theRyazan Region. The residual debt of Mosenergo to Eurobond holders reached about $155m atthe beginning of 2002. $45m are to be repaid this year. Mosenergo plans topay the remaining part of that sum in October..

©

&to=http://www.mosenergo.ru/eng/news.htm' target=_blank>MOSENERGO

Comments
Saudi Arabia readies to enjoy cinemas and music for the first time in 40 years
Socialite Ksenia Sobchak runs for Russian President
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Donbass without militia will be worse than Srebrenica - Putin
Capitalism reduced Indonesian cities to infested carcases
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
Tel Aviv, Jerusalem, capitals and puppets
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russian politician says Donald Trump extremely dangerous for Russia
North Korea says Trump makes first step towards nuclear war
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Should Russian athletes go to non-Olympic Games in South Korea?