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Belarusbank signed an agreement with AKA Ausfuhrkredit-Gesellschaft mbH for financing RUE "Minskenergo"

16.01.2013

On 9 January 2013 Joint Stock Company «Savings Bank «Belarusbank» and the consortium of German banks  AKA Ausfuhrkredit-Gesellschaft mbH signed the loan agreement. The main purpose of this agreement is to finance projects of RUE"Minskenergo" for the construction of substations "Brestskaya" and "Kamennaya Gorka" in Minsk city. On behalf of Belarusbank the agreement was signed by the Deputy Chairperson of the Board Uladzimir Novik.

 It should be noted that such volume transaction is carried out for the first time, when  the delivery from Slovenia will be financed by the German bank under SID Bank insurance - the authorized Slovenian Agency for export credit insurance.

 The construction of the substations will be implemented with the participation of Slovenian company Riko - one of the leading companies in the field of electric power solutions.

 The substations "Brestskaya" and "Kamennaya Gorka" will allow to carry out the distribution of electric power in districts Yugo-Zapad, Malinovka, Dryjba and Kamennaya Gorka. Operating  of new substations will facilitate high-security and high quality supply of electricity to final consumers in major residential areas of the city.

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