Financing Agreements for Ashta Hydropower Plant in Albania Signed

With the signing of the financing agreements for Ashta hydropower plant, the last of the outstanding contracts for the completion of the project that has been under construction since March 2010 have now been concluded. The overall volume of €140 million will be borne equally between VERBUND International Finance B.V. and BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft, and the sub-participating banks Raiffeisen Landesbank Oberösterreich Aktiengesellschaft and Kommunalkredit Austria Aktiengesellschaft. The term will be ten years.