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MOL Receives $150-Million Loan from EBRD to Improve Slovnaft's Energy Efficiency

6:42 AM MDT | July 4, 2012 | Sotirios Frantzanas

The European Bank for Reconstruction and Development (EBRD; London) says it is stepping up its support for energy-efficiency programs in Central and Eastern Europe with a $150-million, 8.5-year loan to energy company MOL Group (Budapest). EBRD's long-term loan to MOL will help the company finance a number of improvements in energy efficiency and environmental performance at the company's Slovnaft Group (Bratislava, Slovakia) subsidiary, a refining and petrochemical company. MOL has been a client of EBRD for almost two decades, and it has taken considerable...

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