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Krymenergo to borrow $150m from EBRD to upgrade power lines
Journal Staff Report

KIEV, June 8 – Simferopol-based Krymenergo, the electricity supply company, plans in late November plans to sign an agreement on a $150 million credit for an upgrade of power transmission lines in Crimea with the European bank for the Reconstruction and Development (EBRD), Krymenergo Chairman and Director General Hryhoriy Hruba said.

He said that interest on the EBRD's credit along with interest on servicing the credit by the Ukrainian Finance Ministry is expected to be Libor+1.5%.




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