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Power Machines gets guarantee from Bank of Moscow
RBC, 27.10.2008, St. Petersburg 11:59:00.The Bank of Moscow has given a RUB 805.6m (approx. USD 29.8m) guarantee to Power Machines, the Russian machine manufacturer's press office said today. The guarantee covers Power Machines' contractual obligations to supply certain power generation machines and equipment for the construction of the Kaliningrad power plant's second unit. The contract was signed in August 2008, with an amount exceeding RUB 4bn (approx. USD 148m). The equipment is to be supplied in the fourth quarter of 2009, while the launch of the power unit has been scheduled for late 2010.
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