The Arbitration Court of Appeal of St. Petersburg and Leningrad region has approved a settlement agreement at the suit of Ust-Luga to recover RUB 83.656 m from JSC Lenenergo, RAPSI News reports.
The parties enter into a supplementary agreement to the treaty establishing the technical possibilities of technological connection to power supply network dated December 19, 2008, extending service delivery until December 31, 2012. Besides, the parties enter into an additional agreement to ensure the possibility of connection of power receiving facilities of LLC Spetsmornefteport Ust-Luga (rated capacity of 8,200 kVA).
Amount in dispute will be paid by Lenenergo to the plaintiff in equal installments during 3 months from the date of signing the settlement agreement. In connection with settlement the proceedings have been terminated.