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VTB develops cooperation with energy enterprises of IES Holding

13 April 2010

Under cooperation with energy enterprises comprising CJSC Integrated Energy Systems (IES Holding), VTB granted RUB 1 bn loan to JSC Territorial Generating Company No.9 (JSC TGC-9) to finance its current operations.

”In 2010, the Bank plans to further develop cooperation with IES Holding enterprises and provide them with credit resources and other financial services”, said Valery Lukyanenko, member of VTB Bank Management Board.

For reference:
JSC TGC-9 is the largest territorial generating company in the Sverdlovsk Region, the Perm Krai and the Komi Republic. The enterprise was established in the course of restructuring JSC RAO UES of Russia in 2005 by merging generating assets of the Sverdlovsk Region, the Perm Krai and the Komi Republic. The company is mainly focused on production and distribution of electric and heat energy in the regions of its presence.
Installed electric capacity of the company is 3,280 MW, with its total heat capacity amounting to 16,866 Gcal/h.
The principal shareholder of JSC TGC-9 is JSC IES-Holding (member of IES Holding).

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