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You're reading: Kyivenergo pays Hr 742 million debt to Naftogaz for gas
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The press service said that the debt was paid when Kyivenergo
obtained funds on July 31, 2012 from Kyiv city administration to
compensate for the difference in heat production cost and existing heat
tariffs.

Thus, the company’s debt for gas supplied for the production of heat
fell to Hr 1.8 billion. The debt to Kyivenergo for compensation of the
difference in the tariffs as of August 1, 2012 narrowed to Hr 2.7
billion.

“We hope that thanks to the payment of at least a part of the debt
for gas, the situation with the restriction of gas supply, as seen
recently with pump storage power plant 6, will not be repeated in the
near future. However, the rest of the uncompensated difference in the
tariffs and the debt to gas suppliers does not give us long-term
guarantees of further stable gas supplies,” reads the report, citing
Kyivenergo CFO Tetiana Hriaznova.

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