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MOSENERGO (TGC-3)

August 13, 2003

AO MOSENERGO and the Ministry of Defense coordinated approaches to debt restructuring

The Ministry of Defense promised to pay debts owed to AO MOSENERGO for consumed heat before December 2003. The military agency owes the company more than 100 million rubles and plans to pay off the current debt before the start of the heating season. The previous years’debts will be paid before the end of 2003. Last week AO MOSENERGO agreed on this with the Main Residential Department of the Ministry of Defense.

The resumption of the hot water supply has occurred when AO MOSENERGO has signed debt-restructuring agreements with its debtors. As of today, AO MOSENERGO and the Ministry of Defense have agreed to restructure debts of housing departments Nos. 21 and 28. AO MOSENERGO has resumed hot water supply to the buildings located at the following streets in Moscow: Academician Anokhin Street, Academician Yangel Street, Leninskii Prospect and Varshavskoye Shosse.

AO MOSENERGO hopes for quick signing of debt restructuring agreements with other residence departments of the Ministry of Defense, which would allow for the resumption of hot water supply to another 109 buildings owned by the Ministry of Defense.

The housing department of the Ministry of Nuclear Energy is the only agency that has adamantly resisted the need to settle the debt problem. It looks like the leadership of this ministry does not care about the amenities in the houses it owns.

 

 

 

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