print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  Rosseti Volga REGISTER LOG IN

Press Releases > Rosseti Volga  all about the company

company search
all press releases
all Rosseti Volga press releases

Rosseti Volga

May 22, 2019

IDGC of Volga, PJSC seeking penalties for more than 770 million rubles with Chuvash enterprises

Overdue receivables of “Chuvash Energy Retail Company”, JSC to IDGC of Volga, PJSC for electric power transmission services in April 2019 began to grow again. So, as on the date of 01/04/2019, the uncontested overdue debt amounted to 770,8 million rubles. Given the incomplete fulfillment of obligations to pay current accruals, in May the expected value of receivables may increase up to 793.7 million rubles.

As of the beginning of May, overdue indebtedness is also present in other consumers of services —energy sales companies and territorial grid organizations. Thus, “Nizhegorodenergotrade” LLC has a non-contestable debt in the amount of 35 million rubles, “Independent Energy SalesCompany” LLC - 17 million rubles, “Utilities Technology” LLC 4.6 million rubles, “|Electrotechmontazhlabtortoria Plus” LLC - 9.4 mln. rub. of municipal unitary enterprise “Communal networks of Novocheboksarsk” - 8.5 mln. rub.

 In the Branch of IDGC of Volga, PJSC (included in the “Rosseti Group”, PJSC) –“Chuvashenergo”, series of measures is being taken to reduce overdue receivables. Specialists of the company are actively carrying out claim- search work, as a result of which not only the amount of debt, but also substantial amounts of penalties, are collected from unscrupulous payers. However, debt collection in court is a lengthy procedure, while IDGC of Volga, PJSC must regularly finance the operating costs of maintaining the power grid complex.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer