28 June 2004 19:40
GT-TETs Energo raising long-term loans with Sberbank to construct 30 gas turbine power plants.
GT-TETs Energo is raising long-term loans with Sberbank. The worth is $183.5 mln, according to Energomashcorporatiaya, guarantor for the loans.
The respective agreements between GT-TETs Energy and Sberbank were sealed on May 6.
The term is five years. The funds will go to finance the costs to construct 30 gas turbine power plants.
The loan rate is expected at max. 17% on year. The first loan line has $52 mln ceiling, the 2nd loan line - $131.5 mln.
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