Alchevsk Iron & Steel to attract USD 25.8 mln from EBRD
23 May 2008
The European Bank of Reconstruction and Development said that it intends to grant a USD 25.8 mln loan to Alchevsk Iron & Steel (ALMK: BUY). The proceeds will be spent on construction of the third gas turbine plant with capacity of 151.1 mW. Estimated cost of the project is USD 191 mln. The EBRD’s Board of Directors will approve the loan at a mitting on June 25.
