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Irkutskenergo to provide 5,3 billion rubles to two subsidiaries - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Irkutskenergo will provide loans to 5,3 billion rubles for two subsidiaries

The Board of Directors of PJSC Irkutskenergo approved the granting of loans to two subsidiaries for a total of 5,28 billion rubles

This is stated in the message "Irkutskenergo".

In particular, 2,6 billion rubles will be allocated to CJSC "HPP-repair", OOO Irkutskenergo - 2,68 billion rubles.

Funds in both cases are provided on renewable conditions for the period from the date of signing the contract on March 31 2017 inclusive, with interest paid at the rate - the key rate of the Bank of Russia plus 2,5% per annum, Interfax notes.

According to the data base "SPARK-Interfax", Irkutskenergo owns 100% of the authorized capital of CJSC "GES-repair" (Bratsk, Irkutsk Region), whose specialization is to ensure the operability of hydroelectric power plants, as well as 100% of the capital of LLC PO Irkutskenergo (Irkutsk) with the main activity - providing fire safety.

Irkutskenergo is the largest energy-coal company in Russia, including heat and power plants and hydroelectric power stations, as well as heat networks, coal mines, transportation companies, repair plants and a processing plant. OJSC Eurosibenergo (part of the En + Group) owns 50,19% of Irkutskenergo shares, and PJSC Inter RAO 40,007%.