Energy efficient solutions: the first loan agreement with a business was signed
OTP BANK JSC signed first loan agreement with Ukrainian company for financing distributed power generation. Support in amount of UAH 16,6 mill for purchasing gas-piston cogeneration unit for will be given to the “AVIS” LLC.
"The issue of providing electricity is extremely important for the economy, for business and for every citizen. The Bank has set itself the goal of stimulating the development of the energy independent solutions market. We are ready to offer our customers optimal offers and favorable terms that will allow us to guarantee uninterrupted work in conditions of electricity shortage," – said director of the corporate sales department for small and medium-sized businesses of OTP BANK Olga Volkova.
The agreement is a specific step of the Bank to implement the Memorandum on lending projects for the restoration of energy infrastructure. The document defines the strategic direction of the credit policy in relation to the financing of energy investment projects. Assistance is provided for the construction and purchase of solar, wind, biogas plants, gas turbine and gas piston power plants, industrial batteries, as well as cogeneration plants.
With the Bank's financial support a company, who produces a wide range of food products, will be able to purchase a Jenbacher JMS 320 GS-N.L cogeneration gas-piston unit with a capacity of 1,066 kW. Installation of such unit will provide the enterprise with maximum independence from the power grid and improve economic efficiency. The equipment is advantageous because natural gas is an affordable fuel. In addition, it is a good investment for the future, because such modern technology does not have a negative impact on the environment.
To remind, OTP BANK JSC and leading banks signed Memorandum on lending for energy infrastructure rebuilding projects. Representatives of 17 financial institutions signed the document.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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