Russian Financial Control Monitor

MOSCOW. The Bank of Moscow’s St Petersburg branch has increased the credit and guarantee limit for Mostostroy No.6, one of the biggest infrastructure companies in transport, industrial and civil construction, to RUR4.45bn ($137.7mn, or €104.7mn). The limit envisages contract financing and financing of the company’s operation, loans for down payments to take part in auctions and tenders, prompt provision of tender guarantees, guarantees of down payment return and of honouring contractual terms, the bank’s press service said.

PETROZAVODSK. The Backbone Electric Grids (MES) of North-West, a branch of the Federal Grid Company, has completed construction of a third section of the 330 kV transmission line from Louhi to the Putkinskaya hydroelectric power plant and on to the Ondskaya hydroelectric power plant in the Republic of Karelia. The construction was part of the second line of the Northern Transit, which will improve the reliability of connection between the Kola and Karelian energy systems, ensuring that the Kolskaya nuclear power plant provides up to 500 MW to Russia’s north-western regions. The second line is scheduled to be completed in 2019. It is still necessary to build a 330 kV transmission line from the Ondskaya plant to Petrozavodsk. The total length of the Northern Transit will exceed 750 km.

2023-10-08 11:42:18