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VTB grants loan to RusHydro

 
26 June 2015

VTB grants loan to RusHydro.

VTB has extended RusHydro a five-year credit line for RUB 30 billion. The company plans to use the loan to finance its current operations and make investments.

First Deputy President and Chairman of the VTB Bank Management Board Yury Solovyev said: «RusHydro is a long-standing and reliable client of VTB. Our relationship has steadily grown in the interests of promoting the company’s advancement and the growth of the national energy industry as a whole.»

For reference:

RosHydro is one of Russia’s major energy holdings, uniting over 70 renewable energy facilities in Russia and beyond. The installed capacity of its electric power plants is 38.5 GW, including the RAO Energy Systems of the East and Russia’s newest and most modern hydroelectric power plant Boguchanskaya.

RusHydro is Russia’s leader in the production of renewable energy. It generates electricity from rivers, tides, wind and geo-thermal resources.


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