The President has signed the law on restructuring and settlement of debts of suppliers of water and heat

The President of Ukraine Petro Poroshenko has signed the law No. 5273, «About the measures directed on settlement of debt of heat supply and heat generating organizations and enterprises of the centralized water supply and drainage system for the consumed energy resources» by conducting settlements and restructuring, adopted by the Verkhovna Rada on 3 November 2016, reports «Interfax-Ukraine».

The document provides for the establishment of a register of enterprises involved in the procedure of debt settlement. Since the inclusion of the enterprise in this register will be released from his account.

It was envisaged that the implementation of the law will contribute to improving the financial situation of the thermal power plant and the enterprises of water supply and sanitation and the prevention of their bankruptcy.

Earlier, the Deputy Minister of regional development, construction and housing and communal services Edward Kruglyak noted that the document prescribes the procedure of gradual decline in the level of accounts payable for the consumption of such enterprises, and energy, in particular, compensation of budget debt on the difference in tariffs for the population and budgetary organizations, the restructuring of payables by contract on installment debt for a period of 60 months with the involvement of the guarantees of local budgets.

In the case of compliance with the requirements of the restructuring procedure and full payment of the debt, the bill provides for cancellation of previously accrued interest and penalties.

The bill was agreed with the International monetary Fund (IMF).

According to the explanatory note, payable to district heating and heat generating organizations for natural gas used for production of heat energy and services in centralized heating and supply of hot water as of July 1, 2016 amounted to 18.7 billion UAH.

According to the NAC «Naftogaz of Ukraine», fines, penalties and financial sanctions accrued on the claim supplier of natural gas for late payments of the heatsupplying organizations for the consumed gas for January 1, 2016 amounted to UAH 2.6 bn in the first six months increased 1.7 times — up to UAH 4.5 bn.

«At the same time the thermal power plant are not the actual source of compensation of such sanctions, as these costs can be considered in the composition established by the national regulator of tariffs, on the other hand, the shifting of such sanctions on the consumer law is not settled», — noted in the explanatory Memorandum.

In this regard, the bill requires debt settlement in two stages. The first involves centralized settlements under in 2016 and subsequent years at the expense of subventions from the state budget to local budgets for repayment of difference in tariffs. The second is the restructuring of accounts payable thermal power plant for gas consumed before July 1, 2016, by contract for five years. Accrued fines and default interest will be charged in case of the procedure of restructuring the debt for gas consumed.

We will remind, in the summer of tariffs for cold water for population, grew on average in Ukraine by 15%.




The President has signed the law on restructuring and settlement of debts of suppliers of water and heat 26.11.2016

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Ноябрь 26th, 2016 by
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