OREANDA-NEWS. July 26, 2010. Sviaz-Bank has won the public auction held by the Onega Network Company, OJSC, to be awarded a contract for opening a line of credit totaling 126.7million rubles that the company can draw down over 24months, reported the press-centre of Sviaz-Bank.

Auction bids were also filed by Petrovsky Bank OJSC and the Petrozavodsky branch of Bank VTB Northwest OJSC.

The Onega Network Company OJSC provides maintenance services for electric power lines on the territory of Karelia’s 11districts. Transmission and distribution of electric power to consumers is the company’s core business.