VTB Bank has confirmed that it will provide a RUB 8 billion line of credit to AtomEnergoSbyt, part of Rosatom State Nuclear Energy Corporation.
The facility will allow AtomEnergoSbyt to raise funds and obtain bank guarantees within a set limit to fund its day-to-day operations, upgrade fixed assets and finance its activity in the wholesale and retail energy markets.
“Supporting companies in the nuclear power industry is a strategically important area for VTB,” VTB Bank Management Board member Valery Lukyanenko said.
“Establishing this credit line means that AtomEnergoSbyt has a good reputation in the capital markets and good prospects for growth,” AtomEnergoSbyt Deputy CEO for Finance Denis Zakharov said.
AtomEnergoSbyt is a power supplier of the Rosatom state corporation, a provider of last resort in the Kursk, Murmansk, Smolensk and Tver regions. The company provides services to nuclear power businesses in the Central, Northwestern, Volga, Ural and Siberian federal districts.