OREANDA-NEWS. March 16, 2012. Within the frame of a guarantee facility, JSC Commercial Bank PROBUSINESSBANK issued Warranty Bonds under the contracts for the “Reconstruction of Apatitskaya TPP and construction of heating main to Kirovsk city, including the erection of Central Heat Supply Station” and the “Reconstruction of Boiler House no.3 (RK-3) including the construction of a Combined Cycle Power Plant at Zhodinskaya TPP in Borisov town”.

It is a reminder that E4 Group acts as the EPC Contractor for both aforementioned projects. The reconstruction of the facilities includes the “turn-key” construction works, and involves business units of E4 Group. JSC Commercial Bank PROBUSINESSBANK has been working at the Russian financial market since 1993 and it is the lead bank of LIFE Financial Group. One of the priority areas for the development of corporate business of PROBUSINESSBANK is issuance of Warranty Bonds to engineering companies, which are specialized in power engineering construction.