RusHydro power retail companies collected RUB 1.9 bn of accounts receivable through legal action

RusHydro has filed 24,383 suits for a total amount of RUB 3,105 mn of overdue receivables. The amount of recovered receivables totaled RUB 1,897 mn.

In 2013, accounts receivable increased by RUB 959 mn from RUB 2,913 mn in 2012, including RUB 1,879 mn owed to Krasnoyarskenergosbyt and RUB 860 mn owed to power retail company of Bashkortostan.

The prejudicial actions of RusHydro power retail companies allowed to substantially decrease the accounts receivable. Krasnoyarskenergosbyt signed 1,129 agreements aimed at restructuring receivables in the total amount of RUB 34.5 mn. The number of power retail companies’ claims against debtors totaled 24,383 in the amount of RUR 3,105 mn. The amount of recovered receivables totaled RUB 1,897 mn (+RUB 500 mn as compared to the previous year); in 2012 amount of enforced debt was RUR 1,339 mn.