Power distributor switches off the power for heavy engineering plant

“DTEK Dneprooblenergo” power distributor was forced to limit the supply of electricity to the state enterprise “Makarov’s Yuzhny heavy engineering Plant” (YuMZ). The plant owes UAH 138.7 million for the used electricity, and the debt continues to grow. Earlier, Dneprooblenergo warned YuMZ on possible limitation of power supply if the company does not pay its dues.

- Negotiations and attempts to find a solution to debt payments lead to nothing. YuMZ management ignores our warnings. For over a year, the company's debt has been growing steadily. Therefore, we have to limit electricity supply to the debtor. So far, only parts of the plant remain without electricity. Pumping station that feeds process water to the plant has been completely disabled. Personal responsibility for the consequences of limited power supply rests exclusively with the management of the non-paying company,” says Director of Dneprooblenergo sales Yuri Fedko.

As of March 17, total YuMZ debt for consumed electricity stands at UAH 138.7 million, including UAH 26.8 million - for 2014. In the current year, the company did not pay for electricity at all.

“DTEK” is the largest power company in Ukraine, a part of the financial-industrial group “System Capital Management” (SCM), partially owned by Ukraine’s richest tycoon Renat Akhmetov.

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