CREDIT AGREEMENT FOR EXPANSION OF POWER STATION RESOLVED

Ulaanbaatar /MONTSAME/ In accordance with the credit agreement, cost of 20 million US dollars for the work of expanding the 4th thermal power station will be financed by the Russian Vneshekonom Bank. A contract about this was signed Thursday by N.Monkhbat, the director of the Development Bank of Mongolia (DBM) and P.M.Fradkov, the first deputy director of the Russian Vneshekonom Bank, during a visit of the Prime Minister Ch.Saikhanbileg to Russia.