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Electrica has some $170m to recover

Electrica has more than 5,700bn ROL (some $170 million) to recover from the top ten industrial consumers, Ioan Damian, head of the company's Supplying Department said. Siderurgica Hunedoara ranks first among the consumers with unpaid bills, as its debt to Electrica reaches more than 1,800bn ROL (about $53

Ziarul Financiar · 16 ianuarie 2003 · 1 min de citit

Electrica has more than 5,700bn ROL (some $170 million) to recover from the top ten industrial consumers, Ioan Damian, head of the company’s Supplying Department said. Siderurgica Hunedoara ranks first among the consumers with unpaid bills, as its debt to Electrica reaches more than 1,800bn ROL (about $53.5 million). Nearly half of this amount (886bn ROL – $26.3 million) accounts for late charges and penalties for failure to pay the power supplied over the last few years. The runners-up are Combinatul de Oteluri Speciale Targoviste (Special Steel Plant Targoviste), with debts worth over 830bn ROL ($24.7 million) and mining company Rosia Poieni with more than 593bn ROL ($17.6 million). The other major consumers registering outstanding debts to Electrica are Moldomin Resita – nearly 480bn ROL ($14.2 million), Ferom Tulcea – more than 369bn ROL (some $12.4 million), Oltchim Ramnicu-Valcea – some 335bn ROL (about $10 million), the Baia Mare mining branch – nearly 330bn ROL ($9.8 million), Industria Sarmei Campia Turzii – more than 305bn ROL ($9 million) and Turnu Magurele-based Turnu SA – 287bn ROL ($8.5 million). Electrica has agreed on a payment schedule with all its debtors. ZF



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