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Energoterra

RusHydro secures RUR 4 bn from the European Investment Bank for construction of the Vostochnaya TPP

Мая 16, 2013

JSC RusHydro announces that the Board of Directors of the European Investment Bank (EIB) approved the 12-year loan facility in the amount of RUR 4 bn to RAO ES of East (subsidiary of RusHydro) to finance the construction of the Vostochnaya TPP in Vladivostok.

RAO ES of East investment program for 2012-2014 provides for financing of the construction of TPP in total amount of RUR 10.2 bn. The total electric capacity of the Vostochnaya TPP will be 139 MW, thermal capacity – 420 Gcal/h.

RusHydro’s strategy of energy development in the Far East includes the replacement of economically inefficient capacities with effective power generation through incorporation of hydro and thermal generation; signing direct contracts with consumers of both existing and generation assets under construction; realization of electricity export opportunities to neighboring countries and implementation of investment projects using public-private partnership tools and project financing.

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