IDGC of the North-West will be able to attract over 2 bln RUR for the investment program implementation and current assets replenishment

16.11.2012

The auction commission notification has been published on the Company’s official web-site.IDGC of the North-West, JSC will be able to attract over 2 bln RUR inclusive of 443 mln RUR for implementation of the investment program of Vologdaenergo branch. The rest of the funds are intended for current assets replenishment. The auction commission notification has been published today, November 16, 2012, on the Company’s official web-site.
The auction consisting of five lots, the sum total equal to 2,043 mln RUR, was announced on October 19, 2012 and is being arranged on www.b2b-mrsk.ru e-trading platform.  Electronic applications for participation in the open auction were to be accepted until 10:00 Moscow time, November 9, 2012. Following the procurement proceedings results, the credit contracts will be concluded with ALFA-BANK, JSC.