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IDGC of Centre for nine months recovered from debtors about three billion rubles with court decisions

30 October 2017

IDGC of Centre continues systematic work to reduce receivables for electricity transmission services. One of the most effective of its directions is claims and lawsuits. In January-September 2017, the company could collect from debtors 2.9 billion rubles in the framework of judgments rendered in 499 suits, including 2.4 billion rubles from electricity suppliers of last resort in regions.

As of 1 October 2017, IDGC of Centre under 787 cases is collecting from non-payers 5.3 billion rubles of accounts receivable. 358 cases concern suppliers of last resort, the total amount of recovery is 4.2 billion rubles.

As of 1 October 2017, the total amount of receivables from counterparties to IDGC of Centre for electricity transmission services was 19.9 billion rubles. The company intends to continue to work consistently to recover it, using for this purpose all opportunities provided by the current legislation. At the same time, it 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 also the actual financial capabilities of its counterparties.

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