OREANDA-NEWS.  July 19, 2013. VTB Bank has signed a RUB 1.1 billion loan agreement with the Murmanskaya Combined Heat and Power Plant.

The revolving credit line will be provided for two years and used to finance the company’s operating costs, such as the purchase of fuel oil.

The Murmanskaya plant is a subsidiary of territorial generation company TGC-1. The company has been working with VTB’s Murmansk branch since 2010, taking out loans and using its cash management and payment services.