Rus-Bank issued LLC Uralelektrostroy "bank guarantees amounting to 1.05 billion rubles to OAO" FGC UES »

In October 2010, Russ-Bank lent LLC Uralelektrostroy "in favor of OAO" Federal Grid Company UES (FGC UES) bank guarantees of advance payment totaling 1.05 billion rubles. Guarantees issued under the prisoner LLC Uralelektrostroy "contract for work on the construction of the object" of 500 kV Chervonoarmijs'ka - Gas ". OAO "UES FGC" is a state corporation, which manages a network management power industry of Russia and realizing long-term investment program within approved by the Russian government development strategy in the electricity sector. The strategy planned work and activities to upgrade and expand the national grid. The total amount of the investment program from 2008 to 2012 will amount to 1,020 billion rubles. To support the work of FGC UES "involves engineering and construction companies, holding an open competition for the right to sign a general contract. OOO Uralelektrostroy was founded in 1998. Engaged in the design and construction of substations and power lines. The company is one of the core enterprises of Orenburg and is among the largest enterprises in the Orenburg region on the volume of industrial production. OOO Uralelektrostroy "stands contractor OAO" UES FGC "since 2006, the current portfolio of contracts is about 9 billion rubles. In September 2010, OOO "Uralelektrostroy won the tender for contracts for execution of works on reconstruction of power stations in the Samara and Orenburg regions and construction of high voltage transmission line connecting them, totaling about 400 kilometers. The total contract amounts to 6,4 billion rubles. Rus-Bank and Uralelektrostroy "are long-standing business partners. Providing guarantees one of the leaders of the Urals in the electricity sector is in line with the development programs of the Bank to support the real sector of Russian economy