11 Jan '10
Power generating company OGC-1 has received the first $34m tranche of Vnesheconombank’s (VEB) $272m loan, Intefax reports.
The loan terms and interest rate have yet to be disclosed.
Under plans, the funds are to be invested in construction of 450 MW combined cycle gas turbine (CCGT) unit at Urengoy GRES power station in Yamalo-Nenets Autonomous District.
OGC-1 is controlled by Inter RAO.