IDGC of Centre for five months achieved a decrease in receivables by more than 2 billion rubles

IDGC of Centre summed up the work to reduce the receivables for electricity transmission services for five months of 2017. In this period the company achieved a reduction in the total amount of debt by 2.236 billion rubles. The amount of the debt of electricity suppliers of last resort in the regions was reduced by 1.965 billion rubles, and energy sales companies by 150 million rubles.

As of 1 June 2017, the total amount of accounts receivable of counterparties to IDGC of Centre was 20.044 billion rubles, including 14.586 billion rubles - overdue debts, of which 12.391 billion rubles were overdue indebtedness of suppliers of last resort.

The company implements a set of measures for the repayment of debts, both in cooperation with the regions’ management, using the potential of commissions set up at the initiative of PJSC Rosseti to monitor settlements with electricity companies, and in the framework of the ongoing claims and lawsuits. In January-May 2017, IDGC of Centre managed to obtain positive court decisions in the framework of 303 court cases for a total amount of claims of 1.9 billion rubles. Based on the results of these decisions, enforcement orders worth 700 million rubles were received, of which 200 million rubles have already been paid.

IDGC of Centre intends to continue to work consistently to recover accounts receivable, using for this purpose all the opportunities provided by the current legislation. At the same time, the company remains open for a constructive dialogue with regard to working out effective mechanisms for its repayment, taking into account the current macroeconomic situation, and in some cases the actual financial capabilities of its counterparties.