RUSHYDRO INKS $25M LOAN GUARANTEE

30 January 2013 | 13:30pm

StockMarketWire.com – RusHydro has signed a loan guarantee agreement
with the European Bank for Reconstruction and Development (EBRD) to
finance the modernisation of the Sevan-Hrazdan cascade of hydropower
plants in Armenia.

The work is being carried out by RusHydro subsidiary JSC International
Energy Corporation which owns the facilities.

The loan in the amount of $25m maturing in 2029 will be used for the
modernisation of seven hydropower plants of Sevan-Hrazdan Cascade
with a total installed capacity of 561 MW, which represents ca. 10%
of the total electric capacity in Armenia.