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State to Guarantee Loans Granted to Golica Power Plant

Ljubljana, 23 June - POWER PLANT/GOLICA/STATE
At a session held this afternoon the National Assembly adopted a legal act stipulating that the Republic of Slovenia guarantees loans amounting to a total value of DEM 71,124,598, obtained in order to complete construction work on the Slovenian part of the Golica hydro-electric power plant. An additional decree was adopted obliging the government to ensure that the water in the Bistrica river will never go below the lowest biologically permitted levels, and to compensate those inhabitants in the local community of Muta who were affected by construction of the power plant. A further decree was passed stipulating that the interest rate must not exceed nine per cent.

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© STA, 1993