Background

Documentary instruments supporting power generation infrastructure facility

  • Hungary, Russia
  • Enexio Hungary Zrt.
  • 2020
  • EUR 8.8 mln
  • Energy
  • International Bank for Economic Co-operation has provided settlements for the supply of a circulating cooling system for a combined heat and power plant from Hungary to Russia. Dry cooling tower equipment is designed and manufactured by the leading European manufacturer Enexio Hungary Zrt. and contributes as a key element to the construction of a strategic infrastructure facility in the Russian Federation. IBEC opened a letter of credit in the amount of EUR 8 million for settlements, as well as a deposit in the amount of EUR 0.8 million as one of the security mechanisms of the transaction.
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