ContourGlobal Ends Financing for Vorotan Hydroelectric Facility

Vorotan Hydroelectric Facility in Armenia (Photo: Photolur)

YEREVAN (Market Watch)””ContourGlobal has announced that its subsidiary, ContourGlobal Hydro Cascade CJSC, signed two credit facilities which comprise nearly $200 million of non-recourse long term financing for Armenian business on December 29, 2016.

A $140 million long-term financing provided by the International Finance Corporation (“IFC”