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Rosseti Volga

July 29, 2016

IDGC of Volga, PJSC managed to decrease the indebtedness for power transmission in the Chuvash Republic

As a result of comprehensive actions of IDGC of Volga, PJSC towards decrease of overdue receivables of contractors for power transmission services, the situation with absence of payment by Chuvash Power Sales Company, JSC to Chuvashenergo, a branch of IDGC of Volga, PJSC (a member of Rosseti Group), for the rendered services for power transmission began to settle in July of the current year.

Thus, in June 2016 the POLR in the Chuvash Republic, Chuvash Power Sales Company, JSC fully paid for the services in the amount of current invoices. In July, the company paid not only the current invoices but also a certain part of overdue payments, leading to debt shrinking to 720 million rubles. Nevertheless, multi-million debt to the power grid company is inadmissible, especially during the repair campaign and preparation for the autumn and winter period which demands great expenses.

Power engineers of IDGC of Volga, PJSC continue taking measures to prevent further growth of overdue receivables and decrease of debt from the previous periods. In addition to the negotiation on the debt repayment schemes with debtor companies, dialogs with the heads of municipalities, petitions to the Prosecution Office and the Ministry of Construction of the Chuvash Republic, Chuvashenergo branch carries out an intensive claims management activity.

 

 

 

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