Information statement

30 july 2016 года
#News
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Contrary to some media reports, no loan agreement has been signed between Vnesheconombank and the Ministry of Treasury and Public Finances of Argentina to finance the construction of the Chihuido I hydroelectric project.

On 29 July 2016, Vnesheconombank held a working meeting with a delegation from the Ministry of Treasury and Public Finances of Argentina. The meeting was also attended by representatives from a consortium of the Argentine construction companies and Inter RAO – Export LLC who were the winning bidders for the Chihuido I hydroelectric project.

The Argentine party presented to Vnesheconombank a number of hydroelectric projects and expressed interest in raising Russian finance. The meeting also discussed the prospects for further cooperation on the Chihuido I project, which provides for supplies of Russian equipment. An agreement was reached that the Argentine party would be supplied with information as to the feasibility of such financing. Support for non-resource exports is one of Vnesheconombank’s core business lines.


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