Bulgarian
power distributor Energo-Pro Sales [BUL: 4ES], a
unit of Czech group Energo-Pro, said it has
received a statement of claim by the country's
National Electric Company (NEK) for 6.7 million
levs ($ million/3.4 million euro) in receivables
representing unpaid invoices for provided
electricity, part of a total of 67.3 million levs
in claimed receivables.
The claim includes also 595,400 levs in interests,
part of the entire amount of claimed interests
which is 5.95 million levs, Energo-Pro Sales said
in a bourse filing on Monday.
Arbitration proceedings have been instituted under
the Arbitration Court with the Bulgarian Chamber
of Commerce and Industry based on the statement of
claim, it added.
Energo-Pro Sales said it regards the claims as
completely unfounded, since the claimed
receivables have been paid by way of offsetting of
reciprocal obligations.
Energo Energo-Pro Sales is majority-owned by the
electricity supplier for northeastern Bulgaria
Energo-Pro Bulgaria, a wholly-owned subsidiary of
Czech power group Energo-Pro.
Source: SeeNews
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