- The agreement on financing of 90 MW wind farm construction in the Rostov region for the amount of 9.5 bln roubles was signed on November 8th, 2018
Moscow, November 22nd, 2018 – General Director of PJSC “Enel Russia” Carlo Palasciano Villamagna and Chairman of the Executive Board of Eurasian Development Bank Andrey Belyaninov exchanged tombstones at the ceremony, dedicated to the signing of the agreement on financing the wind farm construction, within the framework of 13th Annual International Conference on Eurasian Economic Integration.
The loan agreement was signed between LLC “Enel Rus Wind Azov”, the fully-owned subsidiary of PJSC “Enel Russia”, and Eurasian Development Bank on November 8th. The loan agreement for the amount of 9.5 bln roubles was concluded in order to finance the project on the construction of Enel Russia’s wind farm with the total installed capacity of 90 MW in the Rostov region, which is due to be commissioned in the end of 2020.
The Azovskaya WPP wind farm in the Rostov region is one of two wind projects that were granted to Enel Russia within the framework of the Government tender held in 2017.
The Eurasian Development Bank is an international financial institution established to promote economic growth in its member states, extend trade and economic ties among them, and support integration in Eurasia through investment.