20 April 2004 01:59
UES puts up 2 Lenenergo power stations to back EBRD loan
MOSCOW. April 20 (Interfax) - The board of national grid operator Unified Energy System of Russia has agreed to use
two Lenenergo hydropower stations - Svetogorsk and Lesogorsk (Cascade-1) as collateral for an EBRD loan of 40 million
euros to complete construction of the TETs-5 power station.
The two hydropower stations have book cost of 2.03 billion rubles
and market value of 3.15 billion rubles. The UES board said the
guarantee agreement should be valid for seven years and the loan
agreement will have a grace period for the first two years and have
The board asked its representatives in the Lenenergo board to approve the corresponding guarantee agreement, UES said
on its website.
interest of no more than 6.7%. [RU ASIA EUROPE EEU EMRG ENR DBT] me
[Interfax] |
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