Russia’s Federal Hydrogeneration Company, or HYDROOGK, and the MORGAN STANLEY bank have signed an agreement to provide a R3.0 billion, seven-year credit to the Russian company, HYDROOGK’s press service has reported. The funds will be used to finance the HYDROOGK investment program. This year, the company placed its debut bonds and drew a R6.3b credit from the EBRD under favourable terms. HYDROOGK is to intensify its operations on the capital market in the long run, the company has reported. Its next year’s investment program is estimated at R52.2b, while R381b will be invested through 2011.
Source: LAWTEK.RU, December 25, 2006
