Initial estimated cost of the project was Euro 220 million financed by many banks and equipment manufacturers, including VA TECH Finance, Bank Austria Creditanstalt, BNP Paribas Fortis, Raiffeisen Zentralbank, Société Générale, and Credit Suisse First Boston.
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The balance amount was financed by the commercial credits provided by VA TECH Finance, Bank Austria Creditanstalt, BNP Paribas Fortis, Raiffeisen Zentralbank, Société Générale, and Credit Suisse First Boston who organized the bank credits.
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The hydropower potential in the river between Sredna and Vacha had remained unexploited under the five dams development initiative, but is now utilized through the Tsankov Kamak project.
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