MUP 'Energiya' faces bankruptcy over 100 million ruble debt

MUP «Energiya», which provides heat to the Pashino microdistrict and other areas of Novosibirsk, risks bankruptcy. The lawsuit over a debt of 100 million rubles (approx. $1.1 million at current rates) was filed by the «Iskra» plant.

The municipal enterprise used an industrial boiler house to supply heat to consumers. However, the cost of energy led to significant losses: «Energiya» bought resources at a higher price than it sold them for. Housing and utility tariffs did not permit price increases.

We spoke with experts about what will happen next with MUP «Energiya» and the potential consequences of its bankruptcy. Their opinions are presented in our cards.

We reported last week on how Siberian Generating Company (SGK) supplies heat to Novosibirsk residents — an NGS correspondent visited a pumping station to see how it works.