Banks fund sodium hypochlorite plant in Moscow

07 July 2009 18:01  [Source: ICIS news]

TORONTO (ICIS news)--A German-Austrian banking consortium is providing a €156m ($217m) 10-year loan to help finance a 62,500 tonne/year sodium hypochlorite plant in Moscow, it said on Tuesday.

The facility, with a total investment cost of €195m, was due to start up in 2012 when it would help replace more dangerous chlorine gas used in Moscow’s drinking-water purification, the banks said.

The project will be built by a subsidiary of Austrian power supply firm EVN. The subcontractor is German chemical plant builder Chemieanlagenbau Chemnitz GmbH.

The banking group includes Germany KfW IPEX, UniCredit Bank Austria AG and Raiffeisen Zentralbank Osterreich AG.

KfW IPEX is an affiliate of Germany’s state-backed KfW bank. It provides project, corporate and trade financing.

($1 = €0.72)

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