RusHydro secures financing from EBRD for reconstruction of power facilities in the Far East of Russia

The loan will be used to reschedule the current debt of Far Eastern distribution company (DRSK), part of RAO ES of East holding, and support the company’s large-scale program providing for modernization of a grid system aimed to reduce electricity losses as well as improve quality and reliability of power supply in the region.

Far Eastern distribution company (DRSK) provides electricity transmission services through grid system of Primorsky, Khabarovsy regions, Amur Oblast, Jewish Autonomous Oblast and the South Yakutia.

RusHydro’s strategy of energy development in the Far East includes the replacement of economically inefficient capacities with effective power generation through incorporation of hydro and thermal generation; signing direct contracts with consumers of both existing and generation assets under construction; realization of electricity export opportunities to neighboring countries and implementation of investment projects using public-private partnership tools and project financing.

European Bank for Reconstruction and Development (EBRD) is an international financial institution established by 64 countries and international organizations to support market economies and democracies in central Europe and central Asia.