Rusnano to invest 38.3 bln rubles in nanotechnology production in 2013
MOSCOW. Dec 5 (Interfax) - Rusnano's board of directors has approved its short-term financial plan for 2013, according to which the company will invest 38.3 billion rubles in nanotechnology production.
Rusnano said in a press release that it will spend another 13.6 billion rubles to service long-term investment loans and borrowings that it took out under Russian government guarantee. The company's debt threshold has been confirmed at 153 billion rubles, which is the quantity of state guarantees presented to Rusnano in 2010-2012 and envisaged in the Russian budget for 2013.
Earlier, the government decided to provide state guarantees worth 79 billion rubles for loans or bond issues by Rusnano. For this year, the government planned to allocate 28 billion rubles of state guarantees, for 2013 - 33 billion rubles and for 2014 - 18 billion rubles.
Last year, Russia extended a 39-billion-ruble state guarantee to Rusnano.
Rusnano, established in 2007, was transformed into an open joint-stock company from a state-owned corporation at the beginning of March 2011. The company is tasked with implementing the state policy in nanotechnology and the development of innovative infrastructure. Rusnano invests in selected projects with prospects for commercialization. Its key areas of investment are solar energy and energy conservation, nanostructured materials, medicine and biotechnology, machine-building and metalworking, and opto- and nanoelectronics.
