Novosibirsk arbitration has decided to collect 500 million roubles of state support from the factory RUSNANO

NOVOSIBIRSK, December 22. The arbitration court of Novosibirsk region has satisfied the claim of the regional Ministry of economic development to the plant “Liotech” Corporation “RUSNANO” to recover 498,8 million rubles, previously provided to the company in the state. This is stated in the court documents.

“To satisfy the claim in full”, – stated in the materials of the court.

As previously reported, the Ministry of economic development of Novosibirsk region submitted the claim to “Litego” to recover 499,8 million rubles, which were previously provided to the company as unjustified state support. Corporation “Rosnano” has suggested that the plaintiff should conclude the agreement of lawsuit according to which the whole amount of the claim will be paid by 2020, 135 million rubles – until 30 June 2016.

Earlier, RUSNANO reported that Novosibirsk Liotech will continue to work in the field of production of lithium-ion batteries, despite financial difficulties. This decision was made by the regional government and RUSNANO is the investor of the project.

Plant “Liotech” – the largest enterprise for the production of lithium-ion batteries. Opened in December 2011 as the joint venture “Rosnano” and Chinese Thunder Sky Group. The total investment amounted to 14.8 billion rubles, but the plant never achieved its design capacity. By the end of 2013 the company’s revenue amounted to 24.6 million rubles, a loss of 1.4 billion rubles. In 2013, the Chinese partner withdrew from the project.