OREANDA-NEWS. May 30, 2012. NOMOS-BANK has set a lending and loan guarantee limit of RUB 350 million for Sim-Ross Group of companies, Russia’s largest multi-profile supplier and integrator of electrical equipment for federal and regional energy companies.

Sim-Ross obtains a RUB 300 million limit for provision of bank guarantees and a revolving credit line of RUB 50 million to secure Group applications to take part in government and municipal tenders and auctions. The resources will be used by two Group companies: LLC Sim-Ross Scientific Production Company and CJSC RosEnergoContract.

Sim-Ross customers include some of Russia’s largest electricity companies: Federal Grid Company, RusHydro, Mosenergo, Lenenergo, Kubanenergo and Omskenergo. The group also serves OJSC Gazprom and several major industrial groups, including Lukoil, Norilsk Nickel, Severstal, Sibur Holding, Transneft, Atomstroyexport, Technopromexport, as well as other large companies in Russia, the CIS and other countries.

LLC Sim-Ross Scientific Production Company has been a supplier of equipment to companies in the electricity, oil & gas, mining, construction, transport and other sectors for the last 14 years. CJSC RosEnergoContract is an engineering company which operates as a general contractor providing innovative solutions to meet the requirements and budgets of various customers, in compliance with project specifications and international quality standards. The company offers turnkey solutions to meet all needs for construction and refit of high-voltage installations using the latest electrical equipment and the most efficient technologies. Working closely with world leaders in the sector, the company is able to apply the latest and most innovative designs in its projects. RosEnergoContract has already executed dozens of unique projects in various parts of Russia.

Recent work by the Company has included launch in the first half of 2012 of a Russo-Belgian joint venture for production of new-generation high-voltage overhead cables at the Sim-Ross energy technopark in the town of Uglich (near Yaroslavl, north of Moscow).