Far East | Energy, utilities | Industry, manufacturing

Khabarovsk acts as surety for business loans

23 Mar '09
Khabarovsk regional authorities look set to act as surety for $123.5m worth of loans to be secured by Far East Generation (DGK) and timber company Arkaim, Kommersant reported today.

DGK is reportedly 100% owned by local Far East Energy; Arkaim is carrying out a woodworking project with the capacity of one million cubic-meters of timber in Khabarovsk Region.

In February, government guarantees were already given to the regions large businesses, including Amurmetal and Amur Gold Miners.
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Locations: Khabarovsk Krai

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