4 Sep 2009 16:55

RusHydro paid 242 mln rubles on BOGES construction in Aug

MOSCOW. Sept 4 (Interfax) - RusHydro allocated 242 million rubles to pay for construction of the Boguchansk Hydroelectric Station (BOGES) in August, the company told Interfax.

RusHydro is financing construction of the station in equal amounts with its partner in the project, United Company RUSAL (UC RUSAL).

Last week RUSAL reported that it had provided 242 million rubles in financing for BOGES in August.

RUSAL and RusHydro are providing financing for construction of BOGES on a 50-50 basis. Payment delays on RUSAL's part had created financing difficulties, but that issue was resolved in midsummer.