Purpose

Credit is designed for small hydroelectric power stations construction or re-equipment.

Requirements to borrower

1.Legal person or individual entrepreneur

2.Current hydroelectric power stations availability or premises for the construction of the new one.

3.SHPS power must not exceed 10 МВt.

4.SHPS must be connected to the general system of the electricity transmission.

5.So-financing by the founders to the amount of 30%.

Credit form

Credit – provision of financial means  to the  borrower’s banking account for a fixed period, via single or gradual remittance.

Credit currency

AMD

Maximum credit sum

Not limited

Maximum annual interest rate

10.5%

Credit interest rate is calculated to the credit reduced reminder. There is not envisaged nominal interest rate by the Bank during the activity of credits contracts, if the borrower does not violate determined conditions of the contract.

Maximum credit period

  144 months

Collateral form

Real estate, Hydroelectric power stations main funds

Attention!

In case of interests amount and credit amount repayments not fulfillment in time, the pledged property can be confiscated and the information on the borrower will be registered in the Credit Register.  

In case of credit debts not fulfillment and debts repayment at the expense of collateral  it is possible debts repayment at the expense of the other property of the borrower if the collateral is not enough to cover  borrower’s  credit debts.

Credit repayment

1. Privileged period  up to 24-th months.

2. Interests repayment – monthly.

Pre-term credit repayment is allowed without any limits.

Required documents

According to the current order of the Bank. It is required to present additionally writing assurance on the participation to the amount of  30% investments from the private funds, as  well as  Hydroelectric power stations documents.