Russian Bank Sberbank to Provide 800 Million Dollars Loan for Akkuyu NPP Construction

Sberbank Will Grant 800 Million Dollars Loan for Akkuyu NPP Construction
Sberbank Will Grant 800 Million Dollars Loan for Akkuyu NPP Construction
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Russian bank Sberbank will provide a loan to AKKUYU NÜKLEER A.Ş for the construction of Akkuyu Nuclear Power Plant (NGS). For this purpose, two loans of 7 million and 500 million US dollars will be given to the company for 300 years. The credits will be used for the construction of the 4 units of the NPP.

Sberbank Deputy Chairman of the Board Anatoly Popov reminded that Sberbank provided a 2009-year maturity loan of 7 million dollars for AKKUYU NUKEER A.Ş. became the first lender of a large-scale project to build a nuclear power plant. We are pleased to continue the financing as this project is of strategic importance for the bank. Sberbank maintains its leading position among the lenders of this largest international project of Rosatom, with new loans amounting to USD 400 million opened this year.”

AKKUYU NUCLEAR INC. Anton Dedusenko, Vice Chairman of the Board of Directors and General Manager of Sustainable Development and Shareholder Relations, evaluated their partnership with Sberbank as follows: “This year, the construction speed of Akkuyu NPP has reached a new level. Today, work is being carried out at various stages on all four power units. We completed the licensing process with the issuance of the license for the construction of the fourth power unit in October and we are approaching the climax of the construction work. Russian banks support sustainable, low-carbon electricity generation projects and respond enthusiastically to our loan needs. We are pleased that Sberbank is our long-term and reliable partner.

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