January 18 (SeeNews) - Serbian state-run power distributor Elektroprivreda Srbije (EPS) said it has suspended the supply of electricity to the factory of insolvent car battery maker Fabrika Akumulatora Sombor (FAS) over unpaid debts.
The outstanding liabilities of FAS to EPS for power supply amounts to 81.5 million dinars ($702,900/657,900 euro), the electricity distributor said in a statement on Tuesday.
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The insolvency administrator of FAS requested the suspension of power supply after the contract with EPS expired on December 31, 2016, the state-run company said.
"The Commercial Court in Belgrade rejected the proposal of company DEM Hellas to order provisional measures to prevent the suspension of electricity supply," EPS said in the statement.
In May 2014, the Serbian government agreed to sell FAS to Greek company DEM Hellas, owned by entrepreneur Eftimios Karanasios. However, DEM Hellas did not meet its contract obligations and the Serbian government called a new tender for the sale of FAS in October 2016. The tender attracted no bids.
(1 euro = 123.882 dinars)