The facility will be raised for overhaul of hydro power rehabilitation project, Saratovskaya under the contract with Voith Hydro concluded on June 2011.
Under the terms of the contract, RusHydro and Voith Hydro will perform an overall modernization of vertical Kaplan hydro power turbines of the Saratovskaya within 10 years.
RusHydro member of management board, Konstantin Bessmertniy, said the export credit agency backed facility from UniCredit Bank Austria will let the company finance this important project, and look forward to develop further relationship with UniCredit Bank Austria
Unicredit Bank Austria global head structured trade and export finance, Angelo Rizzuti said Unicredit Bank Austria is proud to finance this important project in the energy sector.
"The financing of the modernization of the hydro power plant Saratovskaya makes an important contribution towards ensuring environmental sustainability" added Rizzuti.
