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Article: Eesti Energia and NRG Energy Issue Mandate Letter for Estonian Power Project.
- Article from:
- Business Wire
- Article date:
- September 6, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors & Energy Writers
TALINN, Estonia--(BUSINESS WIRE)--Sept. 6, 2001
Eesti Energia and NRG Energy, Inc. (NYSE:NRG), on behalf of Narva Power and Eesti Polevkivi, are pleased to announce the mandating of SG Investment Banking, KBC Bank N.V. and The Bank of Tokyo-Mitsubishi, Ltd. Each of the three banks has committed to underwrite one third of the total Euro 285 million of 14-year funding for the Narva Power Project. The funds will be used to repower and renovate the Eesti and Balti power plants as well as make investments in the mines of Eesti Polevkivi.
"Having agreed on the terms of finance, the banks, NRG and Eesti Energia will ...