OREANDA-NEWS. On July 11, 2007 JSC ‘Bryanskenergo” announced the open tender for the loan extension right for the total sum of 120 mln rubles, reported the press-centre of JSC IDGC of Center and North Caucasus.

The first tender for the right to set up the credit line of 100 mln rubles was announced on June 22. In accordance with the tender terms and conditions, the line will be set for 2 years. The tender results will be resumed on July 27. The tender for the right to set the overdraft credit in the amount of 20 mln rubles was announced on June 26. The crediting period -12 months. The tender results will be resumed on July 30.

JSC “Bryanskenergo” plans to assign the attracted funds for the current business process as well as for the autumn and winter period preparation.

As previously stated, the Bryansk affiliate of JSC “Gasprombank” won the right to extend a credit in the amount of 360 mln rubles in June. The credit resources will be partly directed to the design and survey work on construction of 110 kV Line “Mashzavod-Solovyi”  and “Central-Aksinino”. Re-equipment and reconstruction of all required JSC “Bryanskenergo” power units will increase reliability and power supply quality, will reduce losses and will create the needed power reserve for the successful Bryansk region economic development.