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Rosseti Volga

May 21, 2019

Branch "Mordovenergo" leads active claims–related procedure

On the 1st of May, 2019, the total debt of consumers of the branch of IDGC of Volga, PJSC (included in the “Rosseti Group”, PJSC) - “Mordovenergo” for electric power transmission services is more than 390.6 million rubles. A significant share of this amount (more than 117 million rubles, including overdue 77.5 million rubles) is accounts receivable of Technical Company Watt.

 The increase in account receivable relative to 2018 was 6.5% (accounts receivable for May 1, 2018 amounted to 110.0 million rubles, on the 1st of May, 2019- 117.2 million rubles).

 TF "Watt" JSC is a constant violator of payment discipline. The share of this company in the total amount of overdue receivables for electricity transmission services to “Mordovenergo” on the May 01, 2019 is 46%.

Monthly complaints letters are sent to TF "Watt" JSC demanding repayment of the existing debt for electricity transmission services. Claims were sent to the Arbitration Court of the Republic of Mordovia demanding the collection of receivables for the principal debt, as well as the collection of penalties for violation of the terms of payment for services rendered. The issue of non-payment is regularly raised at meetings of the commission on monitoring the financial condition, improving of payment discipline, arrears in payments for fuel and energy resources in the Republic of Mordovia.

 

 

 

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