Ratification of this Agreement and Attachments will attract extra funds to enhance operation of national hydroenergetics.
Under the Agreement, the Bank undertakes to grant a loan in the amount of sixty million US dollars (USD 60 000 000) (hereinafter referred to as Loan) to the Borrower on the terms determined by this Agreement or referred to in this Agreements to support additional financing of the Project; this amount can be once in a while converted via conversion in conformity to chapter 2.07 of this Agreement.
Under the Agreement, the Borrower can withdraw the Loan in conformity to chapter IV of attachment 2 of this Agreement.
An initial one-time charge payable by the Borrower equals a quarter of one per cent (0,25 %) from the amount of the Loan.
The interest payable by the Borrower for every interest period shall be paid at the rate equal to the LIBOR for the loan currency plus variable spread; on condition that during the conversion of the total amount or any part of the principal amount of the loan, the interest rate payable by the Borrower during the period of conversion shall be fixed in conformity to article IV of the General Provisions.
A relevant bill is registered under Reg. No.0169.