13:36 12.03.2015

EMSS agreed with DTEK on restructuring electricity debt

2 min read
EMSS agreed with DTEK on restructuring electricity debt

Public joint-stock company Energomashspetsstal (EMSS, Kramatorsk, Donetsk region), the owner of which is Russia's Atomenergomash (Rosatom Corporation), will pay its debt to DTEK Power Grid for electricity supplies under a schedule signed by both parties.

According to a press release issued late on Wednesday, the schedule was signed by EMSS and DTEK at a meeting on March 11 in Kramatorsk.

"The long partnership relation between EMSS and DTEK allowed the company heads to hold a roundtable talk," reads the report.

As reported, DTEK said in a press release which was issued on Tuesday that the debt owed by EMSS, which operates in territory controlled by the Ukrainian authorities, to DTEK Power Grid for electricity consumed in 2013-2015 totals UAH 75 million, adding that EMSS has not paid for electricity consumed in January and February 2015.

EMSS responded by saying that the bills receivable in the sum equaled to the debt for electricity caused the delay in payment for the electricity consumed.

"The situation in eastern Ukraine was the precondition for the unstable operation of industrial enterprises in the region. Some enterprises-customers of EMSS completely stopped payments. Among them are Azovstal, Mariupol Illich Steel Works, Inhulets iron ore enrichment works – companies which are part of the financial and industrial group with DTEK, and other Ukrainian enterprises," the press service said.

According to the report, EMSS will do its best to reduce the debt as much as possible and observe the schedule signed.

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