EBRD INVESTS IN UKRAINE MINI-STEEL MILL
February 1st, 2007
BY KEITH NUTHALLA EUROPEAN Bank for Reconstruction and Development (EBRD) US$85 million loan to ISTIL Ukraine, will help the Ukraine's only modern mini-steel mill using an electric arc furnace and continuous casting technology to raise Euro 3 million in Kyoto Protocol carbon credit sales. The EBRD is providing a US$40 million revolving loan for working capital needs and US$45 million for energy efficiency improvements, quality control systems installation and debt refinance. These energy efficiency measures include installing a new oxygen plant, a steam ...
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