North Caucasus | Energy, utilities

RusHydro raises $92m on Baksansky GES restoration

5 Apr '11
National hydro power operator RusHydro has completed placement of $92m follow-on shares to restore Baksansky GES hydro power station in the Republic of Kabardino-Balkaria.

Earlier Marchmont wrote that total investment into the power station restoration was estimated at $58.5m (see news of September 16, 2010).

Explosion at the hydro power station happened on the night of July 21, when at least six armed criminals entered the station, killed security guards and mined the turbine room.
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