China Export & Credit Insurance Corporation, commonly known as Sinosure, is ready to finance renewable energy projects with Ukrgasbank
Friday, December 14, 2018

China Export & Credit Insurance Corporation, commonly known as Sinosure, is ready to finance renewable energy projects with Ukrgasbank

China Export & Credit Insurance Corporation, commonly known as Sinosure, is ready to finance renewable energy projects with Ukrgasbank. “Cynosure will be able to provide insurance coverage and financing for Chinese companies that are ready to participate in relevant projects in Ukraine,” Ukrgasbank reports. Earlier this week, Kirill Shevchenko, chairman of the state-controlled bank, told reporters that he seeks a $500 million Chinese loan to buy four Chinese turbines and engineering expertise to complete a Soviet-era hydroelectric project on the Dniester River. Ukraine has signed an agreement with China National Electric Engineering Co. to complete the second half of the Dnistr Pumped Storage Power Station.

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