EBRD lends USD 70mn to Ukraines Coal Energy.

By bne IntelliNews December 24, 2012
The European Bank for Reconstruction and Development intends to lend up to USD 70mn to Ukrainian mining group Coal Energy SA, which will use the loan proceeds to improve the efficiency and safety of its production capacities, located in eastern Ukraine, as part of an overall modernisation programme. This facility will be provided in two equal tranches, the first of which will finance the waste coal recycling and coal processing operations of Coal Energy. The second tranche will be aimed at the development of recycling operations, health and safety upgrades as well priority energy efficiency measures.
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