Unexpressed interests still threaten SA Termocom, Dorin Chirtoaca

The historical debts of SA Termocom remain the company’s sore point. There are certain influences on the company that have not been clearly shaped until present. They can endanger the heat supplier’s activity. The central authorities should take attitude and help clear the historical debts so that the company works smoothly, Mayor General of Chisinau Dorin Chirtoaca said, quoted by Info-Prim Neo. The mayor said SA Termocom has large historical debts to the thermoelectric power plants (CETs) and SA Moldova-Gaz. They accumulated in the period when the mentioned companies were the heat supplier’s creditors. It is the creditors that are responsible for the bankruptcy of SA Termocom, Dorin Chirtoaca belives. “The debts of 1.5 billion lei were accumulated when SA Termocom was headed by the board of the company’s creditors. How can one who manages a company allow the debts to mount up and take no measures? When a company does not have debts and is profitable, should one start exerting pressure and block its work?” Dorin Chirtoaca asked. The mayor considers that the government should take steps to remedy the situation. He said the shares in CET 2 belong to the state. The state also owns a 30% holding in SA Moldovagaz. According to Dorin Chirtoaca, there is no common will and thus SA Termocom continues to be pressured. He said the heat supplier could experience the same situation as SA Moldovagaz, which was transferred to the Russian giant Gazprom owing to debts. Termocom vice director Vasile Leu said that CET 2 filed an application to court, demanding that it is paid the debts of 767 million lei built up until 2008. By another court order, 252 million lei was sequestrated. “We were warned to pay 90 million lei to CET 2 by Wednesday. Last week, CET 2 withdrew 10 million lei for 2002. Termocom will thus be unable to meet the current payments,” said Vasile Leu.

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