OREANDA-NEWS. JSC RusHydro (MICEX-RTS, LSE: HYDR; OTCQX: RSHYY), announces that the Board of Directors of the European Investment Bank (EIB) approved the 12-year loan facility in the amount of RUR 4 bn to RAO ES of East (subsidiary of RusHydro) to finance the construction of the Vostochnaya TPP in Vladivostok.

RAO ES of East investment program for 2012-2014 provides for financing of the construction of TPP in total amount of RUR 10.2 bn. The total electric capacity of the Vostochnaya TPP will be 139 MW, thermal capacity – 420 Gcal/h.

RusHydro’s strategy of energy development in the Far East includes the replacement of economically inefficient capacities with effective power generation through incorporation of hydro and thermal generation; signing direct contracts with consumers of both existing and generation assets under construction; realization of electricity export opportunities to neighboring countries and implementation of investment projects using public-private partnership tools and project financing.