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Background

Documentary instruments supporting power generation infrastructure facility

  • State
    Hungary, Russia
  • Client
    Enexio Hungary Zrt.
  • Implementation date
    2020
  • Volume
    EUR 8.8 mln
  • Field of activity
    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.

Project news

IBEC is developing business in Hungary
IBEC is developing business in Hungary
10.06.2020
International Bank for Economic Co-operation has carried out settlements for the supply of an indirect cooling system for a combined heat and power generation plant from Hungary to Russia. The cooling equipment is designed and manufactured by the leading European manufacturer Enexio Hungary Zrt. and contributes as a key component to the construction of a strategic infrastructure facility in the Russian Federation.
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