“Today, we have approved our project in Russia of a total amount of $100 m”, announced Kamath following a session of the Board of Directors, which took place on Wednesday in Shanghai.
The bank intends to grant two loans of $50 m each to Eurasian Development Bank and to International Investment bank. These credits totaling $100 m will be allotted for the purpose of financing of a project of the minor hydrogeneration with a capacity of 50 MW. The facility is planned to be located in Karelia.