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.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss