Sinara Pipe Plant and Kamensk Communal Housing Services Company’s peace settlement damages other suppliers, TGK claims

‘The peace settlement regarding the existing debt that Sinara Pipe Plant and Kamensk Communal Housing Services Company have come to actually infringes upon the interests of other local energy suppliers,’ Sverdlovteplosbyt (subsidiary of TGK-9) says.

The company promised to pay off its 174-million-ruble debt to Sinara Pipe Plant by July 1, 2009. At the same time, Kamensk Communal Housing Services Company and Sverdlovteplosbyt signed another agreement in May 2009 that was made invalid because of the changes in Kamensk Communal Housing Services Company’s ownership scheme.

The company currently owes its suppliers 344 million RUR, so the latter stopped providing hot water on credit to the dwellers of Chkalovskiy settlement. Sverdlovsk Communal Systems might follow suit, which would leave 60% of Yekaterinburg’s dwellers without hot water as well.


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