PRESENTATION OF THE INTERIM REPORT ON THE FEASIBILITY STUDY FOR THE CONSTRUCTION OF A HEAT SUPPLY SYSTEM FOR THE MAMISON SKI RESORT WAS HELD

On June 26, Eurasia Energy Holdings' office in Moscow hosted a presentation of the interim report on the feasibility study for the construction of a heat supply system for the planned Mamison ski resort (North Ossetia).

The feasibility study is being developed by Korea Ratings in the form of an international banking business plan required by Eurasia Energy Holdings to make an investment decision. The technical part of the business plan is performed by EF-TEK company.

See more information on site of  Resorts of the North Caucasus OJSC.

Eurasia Energy Holdings PTE. LTD is a joint venture between OJSC Resorts of the North Caucasus and Korean companies Korea Western Power and CHT Korea. The company was established in 2012 for the purpose of preliminary development of projects for the construction of power supply facilities for planned ski resorts in the North Caucasus.

Korea Ratings is a South Korean corporation with a 30-year history. A leading consultant to credit market participants in South Korea, it specializes in independent and forward-looking credit assessments, analytical research, business plan development and evaluation. Since 2007, it has been a member of the international group of rating agencies Fitch Rating.

Korea Western Power is a South Korean energy company, part of the KEPCO group. It owns several thermal power plants with a total installed capacity of over 7 GW (about 13% of South Korea's generating capacity). The company employs over 1,600 people and is headquartered in Seoul.