OREANDA-NEWS. September 12, 2011. SME Bank, Bank Evropeisky (Kaliningrad) and Western Energy Producer (Kaliningrad) have financed a project of modernization of a power supply network complex in the town of Pionersky (the Kaliningrad Region), reported the press-centre of SME Bank.    

Bank Evropeisky – SME Bank’s partner under the Program “Financing for Innovations and Modernization” – disbursed the loan proceeds for modernization of electric power substation “Pionersky”. The total project costs RUB 245 million. OOO Western Energy Producer initiated the modernization and attracted a loan of RUB 150 million with a 6-years maturity for completion of the works.

As a result the electric power supply will increase by 2.6 thus covering the requirements of enterprises and households of Pionersky.

SME Bank Program “Financing for Innovations and Modernization” is earmarked for providing accessible and long-term resources to SMEs involved in innovative and modernization projects in various industries.

SME Bank, Bank Evropeisky (Kaliningrad) and OOO Western Energy Producer (Kaliningrad) have financed a project of modernization of a power supply network complex in the town of Pionersky (the Kaliningrad Region).

Bank Evropeisky – SME Bank’s partner under the Program “Financing for Innovations and Modernization” – disbursed the loan proceeds for modernization of electric power substation “Pionersky”. The total project costs RUB 245 million. OOO Western Energy Producer initiated the modernization and attracted a loan of RUB 150 million with a 6-years maturity for completion of the works.

As a result the electric power supply will increase by 2.6 thus covering the requirements of enterprises and households of Pionersky.

SME Bank Program “Financing for Innovations and Modernization” is earmarked for providing accessible and long-term resources to SMEs involved in innovative and modernization projects in various industries.