RUSSIA – EBRD
July 1st, 2002
KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) has agreed plans to lend St Petersburg's Lenenergo Euro 40 million to finance the completion of a power plant project the bank wants to use as a model for similar integrated heat and power utilities across Russia. The joint-stock company generates, supplies and distributes electricity and heat to the city and neighbouring regions; the completion of a new 180MW unit at the TETS-5 CHP plant would, said the EBRD, ensure "longer-term stability in electricity and heat supply to over half a ...
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