Brussels, 30/03/2010 (Agence Europe) - On Friday 26 March, the European Investment Bank (EIB) announced its decision to lend €250 million to the Russian company Enel OGK-5 for the upgrading of a gas-fired power plant located in Nevinnomyssk, South Russia. This is the first EIB loan in support of the Russian power generation sector, and also the first EIB project in Southern Russia. Enel OGK-5 is majority-owned by Italian power utility Enel.
The project concerns the construction of a...