Industrial SOEs - the largest debtors for electricity - seeking concessions from the power companies. Cabinet yesterday announced restructuring Zaporozhye Titanium-Magnesium Combine before Zaporozhyeoblenergo. Similar negotiations are Sumykhimprom and plant them. Malysheva. As a result of a shortage of working capital power companies will be forced to significantly reduce its investment, fear in the companies.
Cabinet re-structuring of two years in arrears treasury enterprise Zaporozhye Titanium-Magnesium Combine (ZTMK) before Zaporozhyeoblenergo for energy consumption, said yesterday the minister of industrial policy Vladimir Novitsky. Duty to the company makes about 100 million UAH, explained CEO Zaporozhyeoblenergo Viktor Nosulko.
According to him, in June, he appealed to the Minister of Fuel and Energy Yuriy Bartered asking a broker in the disbursement of funds. As a result, Ministry of Fuel and Industrial Policy Ministry initiated a debt restructuring. The presence of debt is not allowed to combine to obtain electricity at reduced price, - says Mr. Nosulko .- Now, after the decision of the Cabinet, at ZTMK had such an opportunity. Recall that in March, National Commission Electricity Regulation ZTMK allowed to buy electricity under the tariff, which is updated monthly based on the prices of the products made in the world.
Г‚В
ZTMK - not the only state-owned enterprise, which initiates the restructuring of debt for delivered electricity. According to Deputy Minister of Industrial Policy Sergei Grishchenko, similar negotiations are now busy GP Sumykhimprom and plant them. Malysheva. Negotiations with the power companies are the enterprises themselves, - he said. According to the Ministry of Fuel, the total debt of the enterprises for the consumed electric power today exceeds 690 million UAH, including debt of state enterprises - more than 65%.
The power companies to the initiatives of state enterprises are treated as forced action. It is better to get at least part of the funds, so the power companies make concessions, - said General Director of Lugansk Energy Association Victor Tsado .- But in general, the trend may hit the industry. Oblenergo have run short of working capital, and they willnot be able to execute the investment program and prepare for the heating season, when energy consumption and load grow.
estimated Dneprooblenergo, every UAH 100 million of debt, restructured in the year, lead to 20-30 million UAH of losses oblenergos. In the good, the company must pay on time. If not, the power companies should have the right to disable the debtor - believes the official Ukrenergokonsaltinga (manages stakes in 12 power companies) Alexander Sagura .- The government needs to provide such an opportunity and not try to postpone payment of debts, which arose precisely because of the inability to turn off the debtors .
Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Shares steel and banking sectors traded good market, the strongest there is Savings Bank, CMI and Polyus Gold
Finam introduced a new platform for global trading
KAMAZ and of Daimler AG have agreed to support the procurement
Revenue Enel WGC-5 IFRS for 1 half of 2009 decreased by 5% to 20 billion rubles
Dollar exchange rate is saved without changes - day review of cash markets
AvtoVAZ dismiss nearly 28 thousand employees
Britain criticizes plan for Magna and the Savings Bank to acquire Opel
Top gainers are paper Polyus Gold and ITT shall be added 2,5% and 1,5% respectively
With businesses relieve tension
Industrial SOEs - the largest debtors for electricity - seeking concessions from the power companies. Cabinet yesterday announced restructuring Zaporozhye Titanium-Magnesium Combine before Zaporozhyeoblenergo. Similar negotiations are Sumykhimprom and plant them. Malysheva. As a result of a shortage of working capital power companies will be forced to significantly reduce its investment, fear in the companies.
Cabinet re-structuring of two years in arrears treasury enterprise Zaporozhye Titanium-Magnesium Combine (ZTMK) before Zaporozhyeoblenergo for energy consumption, said yesterday the minister of industrial policy Vladimir Novitsky. Duty to the company makes about 100 million UAH, explained CEO Zaporozhyeoblenergo Viktor Nosulko.
According to him, in June, he appealed to the Minister of Fuel and Energy Yuriy Bartered asking a broker in the disbursement of funds. As a result, Ministry of Fuel and Industrial Policy Ministry initiated a debt restructuring. The presence of debt is not allowed to combine to obtain electricity at reduced price, - says Mr. Nosulko .- Now, after the decision of the Cabinet, at ZTMK had such an opportunity. Recall that in March, National Commission Electricity Regulation ZTMK allowed to buy electricity under the tariff, which is updated monthly based on the prices of the products made in the world.
Г‚В
ZTMK - not the only state-owned enterprise, which initiates the restructuring of debt for delivered electricity. According to Deputy Minister of Industrial Policy Sergei Grishchenko, similar negotiations are now busy GP Sumykhimprom and plant them. Malysheva. Negotiations with the power companies are the enterprises themselves, - he said. According to the Ministry of Fuel, the total debt of the enterprises for the consumed electric power today exceeds 690 million UAH, including debt of state enterprises - more than 65%.
The power companies to the initiatives of state enterprises are treated as forced action. It is better to get at least part of the funds, so the power companies make concessions, - said General Director of Lugansk Energy Association Victor Tsado .- But in general, the trend may hit the industry. Oblenergo have run short of working capital, and they willnot be able to execute the investment program and prepare for the heating season, when energy consumption and load grow.
estimated Dneprooblenergo, every UAH 100 million of debt, restructured in the year, lead to 20-30 million UAH of losses oblenergos. In the good, the company must pay on time. If not, the power companies should have the right to disable the debtor - believes the official Ukrenergokonsaltinga (manages stakes in 12 power companies) Alexander Sagura .- The government needs to provide such an opportunity and not try to postpone payment of debts, which arose precisely because of the inability to turn off the debtors .
Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Shares steel and banking sectors traded good market, the strongest there is Savings Bank, CMI and Polyus Gold
Finam introduced a new platform for global trading
KAMAZ and of Daimler AG have agreed to support the procurement
Revenue Enel WGC-5 IFRS for 1 half of 2009 decreased by 5% to 20 billion rubles
Dollar exchange rate is saved without changes - day review of cash markets
AvtoVAZ dismiss nearly 28 thousand employees
Britain criticizes plan for Magna and the Savings Bank to acquire Opel
Top gainers are paper Polyus Gold and ITT shall be added 2,5% and 1,5% respectively