Urals | Energy, utilities

OGC-1 gets $105m loan tranche on Urengoy GRES construction

15 Jul '10
National grid operato Inter RAO UES has provided a $105m loan tranche to power generating company OGC-1, news agency RIA Novosti reports.

Under plans, the funds are to be invested into an ongoing construction of a steam gas unit PGU-450 at Urengoy GRES power station in Yamalo-Nenets Autonomous District.

Total loan is reportedly to come in at $262m, while total investment into the energy unit construction is estimated at $818m.
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