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Billion rouble credit to power generator

The TGK-1

The Territorial Generating Company No 1 – one of the biggest electric power generators in Northwest Russia – has got a two billion RUB credit from the Globex Bank. The loan is to help the company follow up its investment plan.

Location

The first 250 million RUB has already been transferred to the company, Promurman.ru reports. The credit is to help TGK-1, one of the biggest electric power generators in Northwest Russia modernize and reconstruct generating units and facilities, a press release from Globex Bank reads.

The TGK-1 includes major electric power generating units in Murmansk Oblast, the Republic of Karelia and Leningrad Oblast.