Russian power sector gets EBRD local currency loan

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Europe

Jonathan Bell

Editor-in-chief

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Russia’ power sector is to get a major boost with a 12-year, €100 million ($136 million) loan from the European Bank for Reconstruction and Development (EBRD)to assist with the modernisation of the power infrastructure in the Russian Far East. The borrower of record is RusHydro. The loan is the bank’s first power distribution project in its largest country of operation.