Sviaz-Bank to Open Credit Lines to TGC-14
OREANDA-NEWS. February 13, 2012. Sviaz-Bank’s branch in Chita, East Siberia, has won a public auction for contracts to open credit lines totaling 300 million rubles for the needs of TGC-14 OJSC in 2012. The branch is to open two revolving credit lines 150 million rubles each to the company for a drawdown period of up to one year, reported the press-centre of Sviaz-Bank.
Territorial Generating Company 14, OJSC, provides heating services to consumers in Transbaikal Territory and the Republic of Buryatia. TGC-14, OJSC, is the region’s most important heat generator and distributor.
It generates and sells heating energy in Chita, Ulan-Ude, Priargunsk township, and Sherlovaya Gora township (Transbaikal Territory), and Kamensk township in the Republic of Buryatia, and sells electric power on the wholesale market to distribution companies Chitaenergosbyt OJSC and Buryatenergosbyt OJSC.