OREANDA-NEWS  On 11 November the Donbasenerho energy generating company (DOEN) announced tender to select a financial institution for attraction of a short-term credit line of UAH 30 million.

The terms of granting the credit is December 2008-December 2009.

The tender bids will be opened at 14:00 on November 18.

Bid security is bank's guarantee or security agreement with a fine of UAH 285,000.

Donbasenerho power generating company ended the July-September period with a loss of UAH 4.954 million, while the net revenues rose by 69.6% or UAH 217.249 million to UAH 529.379 million, compared with the corresponding period of 2007.

The company ended 2007 with a profit of UAH 26.538 million, having increased net revenue by 6.92% or UAH 95.100 million, compared to 2006, to UAH 1,468.832 million.

Donbasenerho, an open joint-stock company, consists of the Starobesheve and Sloviansk thermoelectric power stations (both based in Donetsk region).

The State owns 85.77% of the shares in Donbasenerho. These shares have been transferred into the statutory capital of the national joint-stock Energy Company of Ukraine.