The project to merge the two Chisinau thermoelectric plants (CETs) and the public utility Termocom has failed. The economic magazine ECOnomist, in its electronic edition, says that the announcement was made by Deputy Prime Minister and Minister of Economy Valeriu Lazar in the March 13 meeting of the Government, IPN reports.
The official informed that the merger was stopped by a court decision. The Ministry of Economy will implement the second plan for reorganizing the thermoelectric system of Chisinau, which envisions the liquidation of Termocom. The company’s assets will be taken over by the largest creditor of Termocom - CET-2. ECOnomist quotes its sources as saying that all the financial resources of Termocom are already managed by CET-2 and the Ministry of Economy.
The authorities initiated the reorganization of the thermoelectric system of Chisinau with a view to attracting investments and clearing the debt of 2.5 billion lei accumulated by Termocom towards its suppliers and the Russian gas company Gazprom. At end-February, when the merger was in full swing, CET-2 asked blocking the bank accounts of Termocom so as to collect a debt of 123.2 million lei.
