OREANDA-NEWS. August 13, 2012. The Bank of Moscow has opened four loan facilities for leasing company BUSINESS ALLIANCE with an aggregate limit of over 16 billion roubles, reported the press-centre of Bank of Moscow. 

The purpose of the loan is to implement a large-scale investment project in the Kemerovo Region to modernise the capacities of Kuzbassenergo (part of the Siberian Generating Company). Transaction term: 7 years.

The loan will be allocated for implementing a project for profound modernisation and renovation of four energy units at two major power plants of Kuzbassenergo (the Belovskaya and the Tom-Usinskaya GRES). The aggregate installed capacity of the four modernised energy units is currently 572 MW, which will be raised to 620 MW by implementing the investment project. The transaction will thus increase the reliability of the region’s energy supply.

The modernisation project is specific in that the main energy resource to be used will be hard coal.