JSC RusHydro in talks with EBRD on a potential loan
SC RusHydro (ticker symbol: HYDR, MICEX, RTS and LSE) is currently in talks with the EBRD on a potential loan to be used for restoration work at the Company's Sayano-Shushenskaya HPP. The talks began after a meeting between Russian President Vladimir Putin and EBRD President Thomas Mirov, who offered on behalf of the Bank assistance to help the Company address the effects of the recent accident at the Sayano-Shushenskaya HPP.
In 2006, RusHydro received a significant RUR 6.3 billion long-term loan from the EBRD. The Company is confident that the ongoing talks will lead to a successful new deal with the Bank.
The accident at the Sayano-Shushenskaya HPP occurred
Shares / ADR