Kyiv administration: City to start paying debt to Kyivenergo for difference in tariffs in July

The Kyiv city budget in the near term will start sending funds of Hr 2.23 billion to public joint-stock company Kyivenergo to pay a debt for the difference in tariffs, the press service of Kyiv city administration has reported, with the reference to Deputy Kyiv city administration Head, Ruslan Kramarenko.

According to the report, the Ukrainian government has approved a subvention to the Kyiv's budget worth Hr 2.52 billion to pay the debt for the difference in the tariffs for heat and water and sewage supply services.

The funds of the subvention will be sent to public joint-stock company Kyivvodokanal (Hr 179.5 million), public joint-stock company Ecostandard (Hr 62.5 million, Darnytska pumped storage plant) and other boilers of Kyiv (Hr 39.6 million).

Kramarenko told Interfax-Ukraine that payments could start in the middle of July 2012. The documents required are being agreed with the Regional Development, Construction, Housing and Utilities Ministry.

"The cabinet reacted to our request and made a justifiable decision to allocate this sum, and this is a great victory for us, as it will allow us to retain the tariffs at the existing level and keep them the lowest in Ukraine," reads the report, citing Kramarenko.