Bulgarian power distributor Energo-Pro Sales, 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.