KIEV, Sept. 24 – The Ukrainian cabinet is to restructure a debt of Zaporizhia Titanium Magnesium Plant state company for consumed electricity for two years.

Industry Minister Volodymyr Novitsky told the press that the decision was made at a cabinet meeting on Wednesday.

He did not disclose the sum of the debt, but said that it was rather large.

As reported, OJSC Zaporizhiaoblenergo proposed to settle the issue of paying Zaporizhia Titanium Magnesium Plant's debt at the government level or considering the issue of halting its operations. Zaporizhiaoblenergo CEO Viktor Nosulko in June submitted such a proposal to Yuriy Prodan, Ukrainian Fuel and Energy Minister.