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Fortum intends to provide 300mln rub. in loan to Uralskaya Heat Grid Company (UTSK), the company informed.

The interest is set at 10.2% ann. The loan period covers one year.

Fortum (former TGK-10, EIN 7203162698) is in operation in the Urals and Western Siberia. From Mar. 2008 Finnish Fortum Energetic Concern is a major holder keeping 94.5% in Fortum and above 25% in TGK-1. The aggregated capacity gains 3241 ME in electric energy and 12234 Gcal/h in the heat.

The 2011 net profit (RAS) rallied up 3.3 fold and reached 2.924bn rub. from 873.045mln rub. The revenues rose 15.9% to 32.134bn rub. from 27.715bn rub.; profit from sales - 39.7% to 4.334bn rub. from 3.1bn rub.; pretax profit - 2.6 fold to 3.821bn rub. from 1.429bn rub.

"AK&M", 13.03.2013