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Amurmetal RAO ​​East of East - EastRussia | Far East

Irkutsk
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Khabarovsk

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The threatening energy system of the region was considered debts of "Amurmetall" RAO ES of the East

Readiness to terminate the contract for the power supply of the Komsomol metallurgical plant Amurmetal for debt in 325 million rubles said RAO ES of the East. The holding noted that the enterprise’s debt threatens the entire energy system of the region

Threatening energy system of the region considered debts
“PJSC RAO ES of the East, as a state-owned company, which is entrusted with strategic tasks to support and develop the power infrastructure of the Russian Far East, must take all measures to protect the interests of the Russian Federation from encroachment by an insolvent private enterprise,” the Deputy CEO of energy sales Ilya Lishansky.

"Far Eastern Energy Company PJSC (DEK, part of the RAO ES of the East holding) is ready to terminate the electricity supply contract with Amurmetall, the largest electrometallurgical plant in the Far East, due to a debt of more than 325 million rubles," RW message. - The recovery of such a large part of the debt is crucial for the normal functioning of the regional energy system. Tariffs for heat and electricity in the Far Eastern Federal District are established in a directive manner and cover only the main expenses of energy companies, among which are allocations for production and repairs, fuel and staff salaries. ”

"The management of the energy holding repeatedly offered the bankrupt factory a number of measures to liquidate the receivables, but no response was received from the bankruptcy trustee, creditors and potential buyers," the press service of the holding said, TASS said.

The total consumer receivables of the DEC amounted to 1 in May 7,4 billion rubles (of which - 2 billion in the Khabarovsk Territory), and the loss of DEC for 2015 in the year amounted to 1,086 billion rubles. “The energy company is not able to lend to large enterprises and therefore has to resort to extreme measures,” say the energy sector.

The situation with payments of OJSC Amurmetal, which has been bankrupt since October of the year 2013, began to deteriorate in December 2015, when the energy sector lost more than 70 million rubles for consumed energy. The company continued to accumulate accounts receivable, resulting in 1 June its level will exceed 325 million rubles. This amount includes also a moratorium in the amount of 57,7 million rubles for the unpaid delivery of 2011 year.

In April 2016, the bankruptcy trustee was asked to enter into an agreement to restructure the debt of the bankrupt enterprise, but this proposal was rejected in connection with the confidence of Amurmetal's management in the possibility of resolving the matter in administrative order.