OREANDA-NEWS. August 23, 2012. The Bank of Moscow has opened a letter of credit limit of 1 150 million roubles for ESK Energomost (Yekaterinburg), reported the press-centre of Bank of Moscow.

Within the scope of the limit, bank guarantees have been granted for an aggregate sum of over 500 million roubles. The objective of the transaction is to guarantee return of advance payment and performance of obligations under contracts.

ESK Energomost performs the entire range of works connected with equipping aerial electricity transmission lines and 0.4 KW to 750 KW substations, including:

design and development of working documentation;
construction, reconstruction and repair of aerial electricity transmission lines;
provision of all structures, materials and equipment;
general construction, electrical installation and start-up work for construction and repair of substations;
provision of substation equipment;
repair of substation equipment;
manufacture and supply of metal structures.

The Group’s staff number over 600, consisting of highly qualified workers with energy sector construction experience of between 5 and 30 years.

"Within the scope of the adopted strategy, the Bank of Moscow is taking an active part in providing loans to enterprises in the real sector of the economy and infrastructure companies in the Urals Region. The Ekaterinburg subsidiary is one of the Bank of Moscow’s leading subsidiaries in terms of small and medium-sized business clients (over 2800 clients) and one of the leaders in servicing of corporate business in the Urals Region", commented Evgeny Monin, head of the Regional Business Development Directorate of the Bank of Moscow.