The North Caucasus Region owes 5.3 billion rubles for electricity, Interfax cites Boris Misirov, Deputy Director General of the North Caucasus IDGC for technical issues and Chief Engineer of the company.
The debt exceeds the average annual income from services of the company 4.3-fold, he says. Territorial grid organizations owe 70% of the debt. The Nalchik City Electric Grid Company of Kabardino-Balkaria owes 530 million rubles, its debt doubled last year. North Ossetia owes 2 billion rubles. In Dagestan, grid companies owe 60% of the debt for electricity.
