Mosenergo BOD approved a loan contract in the volume of 2.49bn rub. at 8.5% ann. with OGK-Investproekt, the company informed.
BOD affirmed investment projects, second stage of the annual purchase program and sale of non-profile assets.
OGK-Investproekt working under the Mosenergo control provides the funding of the Cherepovetskaya GRES building in favor of OGK-2.
Mosenergo (TIN 7705035012) is the largest energy generating company using the organic fuel. It involves 15 power plants with 12.3th MW in capacity which covers 43% of the consumers needs in Moscow. The consumption of gas covers 20bn m3 a year.
The major holder is Gazprom Energoholding having 53.5%; Moscow government - 26.45%; Inter RAO Capital - 5.05%. The share capital is worth 39.749bn rub.
split in 39749359700 common stocks of 1 rub. par.
The 9-month 2013 net profit (IAS) moved up 30.11% to 3.738bn rub. from 2.873bn rub.; revenues being down 2.35% to 108.166bn rub. from 110.766bn rub.; operating profit doubled to 4.962bn rub. from 2.256bn rub.; pretax profit - 27.57% to 4.636bn rub. from 3.634bn rub.; EBITDA increased 26.35% to 15.718bn rub. from 12.44bn rub.
The 9-month 2013 net profit (RAS) increased 33.82% to 4.642bn rub. from 3.469bn rub. prior year period; revenues moved down 2.2% to 107.208bn rub.
from 109.617bn rub.; profit from sales boosted 2.65 fold to 8.525bn rub. from 3.213bn rub.; pretax profit - 22.78% to 6.355bn rub. from 5.176bn rub.