Projects

MOL Gas Storage Project, Hungary
The EBRD is providing a €200 million unsecured corporate loan for the completion and conversion of a Szőreg-1 reservoir in the depleting Algyő oil field, Hungary into underground gas storage facility (“UGS”). The facility is ca 80% complete and will have 1.9bcm mobile and 25mcm/day peak capacity and is planned to be used for both strategic and commercial purposes after planned commencement of operations in January 2010 (strategic) and in March 2010 (commercial).


MOL Gas Storage Project, Hungary


Arcelor Mittal Kriviy Rih, Ukraine
The aim of the project is to optimise the use of current production capacity, and increase the productivity and energy efficiency.  The project includes the implementation of an agreed Environmental and Social Action Plan.

Arcelor Mittal, Kriviy Ryh, Ukraine


Arcelor Mittal Temirtau, Kazakhstan
The project is to support further improvements in health and safety practices at the company's coal mines in Karaganda with the aim to bring them in line with international best practice and capital expenditures associated with the improvement of health and safety standards in the coal mines. Key investment areas will be gas monitoring and management systems, degassing and ventilation equipment upgrades, upgrades of electrical equipment and prevention of coal face collapses and roof falls.


Arcelor Mittal Steel Plant, Temirtau, Kazakhstan


Togliatti Azot, Samara Oblast, Russia
Due diligence on one of the world’s largest producers of ammonia, in connection with a loan to finance an environmental and energy efficiency projects.


Renovated Ammonia Plant, ToAz, Togliatti, Russia