RusGidro/VTB Bank signed the guarantee contract on 4.5bn rub. in favor of Far Eastern Generating Company, as it was informed.
The credit will be spent to refinance the loans and improve the liabilities structure. The deal is appraised to worth 6.388bn rub.; the contract covers 8 years.
RusGidro (TIN 2460066195) involves 61 GESs, 2 GAES, 3 geothermal stations in Kamchatka, Kalmytskaya VES, Irkutskaya, Bratskaya and Ust-Ilimskaya GESs.
Besides, it keeps 90% in International Energetic Corp. Together with Electric stations it builds Verkhne-Narynsky GES Cascade in Kirgizia. The total capacity is equal to 36.5GW. In 2012 the output increased 46.34% to 112.697bn kWh.
The share capital is equal to 317.638bn rub.; the government holds 65.868%; ZAO ING Bank (Eurasia) - 10.82%; National Clearing Depository - 15.55%.
The IH 2013 net profit (RAS) rallied up 47.6% to 19.559bn rub. from 13.251bn rub. prior year period; revenues boosted 22.71% to 54.177bn rub. from 44.149bn rub.; profit from sales - 49.89% to 27.658bn rub. from 18.452bn rub.; pretax profit - 52.71% to 25.952bn rub. from 16.994bn rub.
The IH 2013 net profit (IAS) gained 10.818bn rub. vs. 436mln rub. in losses prior year. The revenues increased 7.09% to 161.869bn rub. from 151.155bn rub.; operating profit - 2.8 fold to 20.525bn rub. from 7.325bn rub.; pretax profit - 2.63 fold to 17.344bn rub. from 6.595bn rub.