ČEZ disconnects Albania's water utilities over debts

16-11-2012

The Albanian division of the Czech energy giant ČEZ has begun to disconnect electricity supplies to Albania's state-owned water utilities that failed until now to settle long-term debts, ČEZ spokeswoman Barbora Pulpanová has revealed on the company's website. The total sum of receivables from such companies has reached the equivalent of 971 million crowns (the equivalent of 37 million euros) the spokeswoman revealed. ČEZ has moved to cut off the water utilities from electricity after a series of negotiations with Albanian representatives failed. The Czech supplier said it had repeatedly invited the water utilities to settle their debt and had repeatedly postponed settlement deadlines – an apparent attempt to avoid the current situation.