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Gold/Mining/Energy : Novosibirskenergo

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To: Copperfield who started this subject9/9/2004 11:30:54 PM
From: Copperfield   of 18
 
In the council of the directors

translated - minor editing


On that taking place on 31 August of this year the council session ofthe directors OF JOINT STOCK COMPANY Novosibirskenergo the Director-General K.K. Gibert reported about the activity OF JOINT STOCK COMPANY Novosibirskenergo in the first half-year of 2004, report is accepted.
Decision of major importance is accepted about the approval of conclusion of a treaty about the assignment to the provided for urgent credit line with the partial pay-off between JOINT STOCK COMPANY Novosibirskenergo and THE PRIVATELY HELD COMPANY Kommertsbank (Eurasia) with the following essential conditions:
- the purpose of credit - financing the regulation activity OF JOINT STOCK COMPANY Novosibirskenergo;
- the sum of credit line - 10 000 000,00 (ten million) US dollars;
- the period of the action of credit line - until 30 September, 2006,;
- the period of the use of credit line - in the course of three months after the date of the signing of credit agreement;
- the payment of credit - once only, during the period of the use of credit line.




the Press- service

9 September 2004
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