OREANDA-NEWS. December 17, 2009. Gazprom-controlled genco Mosenergo has repaid ahead of schedule a RUB 5.6 bn loan issued by European Bank for Reconstruction and Development, the company reported. After the repayment of the loan raised in December 2005, Mosenergo’s gross debt declined to RUB 19.7 bn.

“Early repayment of the outstanding RUB 5.6 bn loan facility made it possible to improve the company’s debt structure due to lower interest rate risk and termination of additional liabilities on servicing EBRD’s credit and reduce the company’s debt burden to RUB 19.7 bn”, Mosenergo quoted the company’s Deputy CEO for Budget and Finance Alexander Ivannikov.