OREANDA-NEWS. The project is being executed by JSC “E4 Group” – one of the leaders in the engineering construction market of Russia – within the state program for modernization of major production facilities of Power System and Energy Saving System of Belarus.

Upon E4 Group’s order, Transcapitalbank attracted financing in an amount of 19 million EUR to pay for the supply of steam turbine generator sets for 5 years after the equipment is put into operation.

The funds are provided by Commerzbank AG and Ceskoslovenska Obchodni Banka a.s. under the ECA insurance coverage - EKN (Sweden) and EGAP (Czech Republic).

The equipment is supplied by the divisions of Siemens Concern from the Czech Republic and Sweden to the territory of the Belarus Republic (town of Borisov).