MOSCOW: RusHydro has announced signing of loan agreement with VTB Bank regarding revolving loan facility for 15 years with limit of up to RUB 30 billion.
The maximum interest rate on the loan is equal to key rate set by the Central Bank of the Russian Federation plus 2.9%.
RusHydro Group is the leading producer of renewable energy in Russia. It is Russia’s largest generating company and is the fourth in the world with over 400 generating facilities in Russia and Armenia. The Group’s total electricity generation capacity including Boguchanskaya HPP is 39.8 GW.
Russian Federation owns 61.20% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company’s stock is traded on the Moscow Stock Exchange.
Edited by Kazim Rizvi