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"Kubanenergosbyt" plans to borrow from the "Alpha-bank" of 1.5 billion rubles.

OAO "Kuban Energy Company" ("Kubanenergosbyt") intends to open the "Alfa-bank" credit line with a limit of 1.5 billion ..

OAO "Kuban Energy Company" ("Kubanenergosbyt") intends to open the "Alfa-bank" credit line with a limit of 1.5 billion rubles. Endorsing the terms of the loan included in the agenda of the extraordinary shareholders' meeting, scheduled for 19 December 2011.

Loans may be held for up to 6 months - on June 1, 2012 inclusive at the rate not exceeding 12%. Earlier, on 16 November, the board of directors "Kubanenergosbyta" approved the deal, under which the company will offer a six-month loan to JSC "Business Alliance" of $ 1.5 billion at a rate of not less than 11% per annum.

Another item on the shareholders' meeting will conclude with "Alfa-Bank" contract of guarantee for the obligations of Company "C Transneftservice" - an independent electricity supplier, is engaged in wholesale supply of electricity to large enterprises across the Russian Federation. Credit conditions for granting bail, were not disclosed.

"Kuban Energy Retail Company" was formed in July 2006 with the reorganization of the boundary energy by separating from OAO "Kubanenergo" affiliate TU "Energosbyt" in accordance with the plans of the Russian power sector reform. The company is a supplier of electricity in the Krasnodar region and Adygea Republic, provides power to consumers, buying electricity from the wholesale and retail electricity market. The share of power sales in the electricity market in the region is 53.4%. As of July 11, 2011. Kubanenergosbyta shareholders are OJSC "INTER RAO UES" - 26.3% of the share capital of CJSC "Strojservis" (Maikop) - 24.5%, LTD "New Energy Partnership" (Nizhny Novgorod) - 22.8%, JSC "Novgorodoblenergosbyt" - 9%. Since October 2011, "Inter RAO UES" ceased participation in the Company, the new shareholders, "Kuban Energy Retail Company" has not yet called.

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