The Latvian state-owned power utility Latvenergo is not going to file for insolvency of financially troubled KVV Liepajas Metalurgs steel maker, Latvian Economics Minister Arvils Aseradens said, answering questions from lawmakers about the situation with KVV Liepajas Metalurgs.
Although the government representatives said earlier that they hoped one of the unsecured creditors would file an insolvency claim against KVV Liepajas Metalurgs, Latvenergo will not do this because of its customer policy, the minister stated.
The amount that the steel plant owes to Latvenergo is comparatively small, and so is its debt to Latvijas Gaze natural gas company, he stated.
The employees of KVV Liepajas Metalurgs who not been paid wages due to t…
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