Vnesheconombank becomes the winner in the ADFIAP Project Awards 2016 Competition

A project on the construction of the Boguchan hydro-power plant implemented with the financial assistance of Vnesheconombank won first place in the ADFIAP Project Awards 2016 Competition in the nomination “Infrastructure Development”. An annual award ceremony of the ADFIAP Project Awards 2016 was held as part of the 39th Annual Meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) in the city of Apia, the Independent State of Samoa.

The Boguchan hydro-power plant is among the five largest hydro-power plants and it covers a third of the need for electric energy of the Krasnoyarsk Territory. The launch of the power plant makes it possible to implement other large-scale projects on the development of the Lower Angara Area: construction of the Boguchan aluminum factory, roads, gold-mining and timber-processing facilities.

This is already the second ADFIAP award presented to the Bank. In the ADFIAP Awards 2013 competition in the nomination “The Best Sustainable Development Report”, Vnesheconombank’s sustainable development report won first place.

An annual meeting and an ADFIAP Awards Ceremony held as part of it are main ADFIAP events uniting all its members.

The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) is one of the largest international associations of development institutions. It is comprised of 131 institutions from 45 countries. Vnesheconombank became a full member of ADFIAP on January 1, 2013.

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