VTB Factoring finances energy efficiency projects at Roscosmos

VTB Factoring is financing an industrial energy efficiency project at the Lavochkin Research and Production Association of the Roscosmos State Space Corporation. The project was planned and implemented by the Compulink group and is estimated at RUB 597 million.

"The unique solutions offered by VTB Factoring help businesses implement energy efficiency projects without dipping into their investment budgets. The client covers the cost of energy service contracts by saving on its fuel and energy resources, and the repayment period can be as long as seven years," said Corneliu Robu, head of Client Relations at VTB Factoring.

"This is our first contract with VTB Factoring to finance an energy service project and demonstrates the success of our collaboration. This financing scheme will greatly increase the affordability of energy services whilst offering soft implementation terms," said Compulink Vice-President Yuri Danilyuk.

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The Compulink Group of Companies offers a full range of IT and consulting services, including comprehensive project management, IT and business consulting, energy service projects, data processing centre construction and equipment, engineering solutions, data networking and unified communications, information security systems, software and hardware, as well as maintenance services. The group can also manage large network construction projects and the construction of industrial and commercial facilities.

VTB Factoring is a 100% subsidiary of VTB Bank (PJSC). It entered the factoring market in 2009 and is currently active in 17 large cities across Russia. It also offers factoring services through VTB Bank branches. VTB Factoring is a member of Factors Chain International (FCI) and the Russian Association of Factoring Companies.