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Moldovan heat and power plants' debt to be restructured
RBC, 10.07.2008, Chisinau 09:34:02.Moldova's debt for Russian natural gas is to be either restructured or converted into shares, said the country's First Deputy Prime Minister and Economy and Trade Minister Igor Dodon. Three of Moldova's major combined heat and power plants (two in Chisinau and one in Beltsy) have accumulated considerable debt, largely because of delays in payments for their services. In such a situation, Moldova is inclined to consider a public-private partnership with a view to attract a private investor. Under this scenario, the debt could either be restructured or converted into shares, which would eventually be handed over to Moldovagaz. However, the authorities are still reluctant to privatize the heat and power plants.
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