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China Gezhouba Group Co., LTD

BRICS New Development Bank (NDB) approved funding of the project for the construction of small HPPs in Karelia. "Today, we have approved our project in Russia for a total amount of $100 mln", announced the President of the Bank, Kundapur Vaman Kamath.

The Bank will allocate two loans equal to 50 million dollars each to the Eurasian Development Bank (EDB) and the International Investment Bank (IIB) for funding the construction of 50 MW HPP in Karelia. China Gezhouba Group Corporation and the Russian Direct Investment Fund will become co-investors.

Construction of small HPPs Beloporozhskaya HPP-1 and Beloporozhskaya HPP-2 in Karelia will be performed by Nord Hydro.

20 July 2016
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China Gezhouba Group Co., LTD

China

Company's website: www.cggc.cc

T: +86-10-59525952

Public company

Contact: Nie Kai, Chairman of the Board of Directors

China Gezhouba Group Corporation (Hanyang, China) provides services in design engineering, investment, electric power industry, vehicles construction, construction of highways and motor roads, railroads, bridges, airports, seaports. The company operates in more than 100 countries and is listed in the ENR’s 100 Best International Contractors Rating. Besides, China Gezhouba Group Corporation is a part of China Energy Engineering Group, the largest Chinese state-owned company.

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