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Atomic concern's request to Baltiysky Zavod regarding $447mn debt shelved

16:41 12/05/2012

ST. PETERSBURG, May 12 - RAPSI. On Saturday, the St. Petersburg and Leningrad Region Commercial Court shelved Rosenergoatom's request to have Baltiysky Zavod shipyard's $447 million debt entered into its creditors ledger.

The hearing of the request has been suspended until several other court rulings come into effect as part of a number of proceedings relating to the shipyard and the Rosenergoatom nuclear concern.

Rosenergoatom filed an appeal to the North-Western District Federal Commercial Court against the lower court's refusal to recognize its ownership rights to the first floating nuclear heat and power plant built at Baltiysky Zavod. The hearing of this appeal has not been set yet.

Rosenergoatom ordered the construction of a power-generating unit of the world's first floating nuclear heat and power plant and Baltiysky Zavod to take on this work. A contract was signed on this basis on February 26, 2009.

During the construction period, Baltiysky Zavod registered the ownership rights to the power unit in its own name. The dispute between Baltiysky Zavod and Rosenergoatom on this matter is being considered at the commercial court.

The Baltiysky Zavod builds icebreakers, naval and cargo ships. It also manufactures engineering products and energy equipment and supplies nonferrous and core-mold castings.

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Atomic concern's request to Baltiysky Zavod regarding $447mn debt shelved

16:41 12/05/2012 On Saturday, the St. Petersburg and Leningrad Region Commercial Court shelved Rosenergoatom's request to have Baltiysky Zavod shipyard's $447 million debt entered into its creditors ledger.
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