European Investment Bank (IEB) will finance construction of Neskra HPP.
Board of Directors of the bank adopted the decision to allocate funding of EUR 127 million ($ 150 million) for this purpose.
This is the second large credit line after the EBRD’s 230 million, which has been gained by project Implementation Company.
Recall that the European Bank for Reconstruction and Development (EBRD) will fund the Neskra HPP project with $ 15 million, while the bank will allot $ 214 million.
It should be noted, that the investment cost of the project is $ 1,083 billion.
The shareholders of Neskra HPP are K-Water and Partnership Fund.