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MOSENERGO (TGC-3)

March 13, 2003

Teploremontnaladka failed to pay AO MOSENERGO 99.4 mln rubles for power supplied in January

AO MOSENERGO has already charged Teploremontnaladka (TRM) for power supplied in February. AO MOSENERGO continues to supply heat to TRM facilities. TRM provides heat to some 500 heat supply centers located in the east of Moscow which distribute power to residential buildings.

Until January 2003, TRM had paid bills on time to AO MOSENERGO. Delays started to occur after TRM switched to the new system for customer settlements (EIRTs – Joint Information and Settlement System) in dealings with its customers.

The enterprises that violate payment agreements seriously compromise AO MOSENERGO operations. AO MOSENERGO cannot supply heat to debtors for its own account and plans to study the option of restricting heat supply to TRM's head office. AO MOSENERGO plans to apply restrictions until the payments arrive on time.

 

 

 

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