Tag: loan

Hidroelectrica and BCR signed 18.3 million euros loan agreement – Romania, 5 June 2018

Romanian electricity producer Hidroelectrica and the Romanian Commercial Bank (BCR) have a contract for a credit line worth 18.3 million euros in local currency which will be used to issue bank guarantees. The contract is valid until 18 December 2018. From the overall amount, 7.75 million euros will be used to issue a bank guarantee […]

Zorlu Energy secured 330 million dollars loan for OEDAS – Turkey, 1 June 2018

Turkish company Zorlu Energy announced that it has signed project-financing agreements for 330 million dollars with the European Reconstruction and Development Bank (EBRD), International Finance Corporation (IFC), Netherlands Development Finance Company (FMO) and local banks to support its investments in the electricity distribution sector. According to the statement from the company, EBRD provided 110 million […]

World Bank to provide additional 12 million euros for dam safety project – Albania, 30 May 2018

The World Bank said that it has approved additional 12 million euros worth loan for financing the project for increasing the safety of the dams on the Drin and Mat river cascades in northern Albania. The statement from the World Banks said that the additional loan will provide financial support for the completion of rehabilitation […]