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Court postpones hearing $93 mln claim against Uralkali

10:29 30/08/2011

MOSCOW, August 30 - RAPSI, Dmitry Shchitov. The Perm Territory Commercial Court has postponed until September 13 its hearing of TGK-9s lawsuit against Russias leading potassium fertilizer producer, Uralkali, a court official told the Russian Legal Information Agency (RAPSI).

The plaintiff is seeking 2 billion rubles ($72 million) in compensation for the 2007-2010 cleanup of an accident, as well as 597 million rubles ($21 million) for estimated costs during 2011 and 2012.

The court granted the plaintiffs request for expert analyses of the causes and consequences of the accident.

In the second quarter of 2011, Uralkali completed its merger with Silvinit, which transformed the company into the worlds major potash chloride producer and also a leader in terms of production capacity.

TGK-9 comprises a network of power generating facilities in Sverdlovsk Region, Perm Territory and Komi Republic. Its power capacity is 3,280 MWt and thermal capacity is 16,950 Gcal/h. KES-Holding holds a 75.79-percent interest in TGK-9.

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Court postpones hearing $93 mln claim against Uralkali

10:29 30/08/2011 The Perm Territory Commercial Court has postponed until September 13 its hearing of TGK-9s lawsuit against Russias leading potassium fertilizer producer, Uralkali
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