THE 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 ...

Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.