Volga | Energy, utilities | Finance, business

Sberbank loans $35m to TGC-5

16 Oct '09
Power generating company TGC-5, based in Cheboksary, Republic of Chuvashia, has taken out a $35m loan with Sberbank, the bank reports.

The funds are reportedly loaned for one year, the interest rate has yet to be disclosed.

Under plans, the funds are to be used to finance the company’s current operations.

The firm is a part of KES-Holding.
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