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Yanukovych orders govt to lower Zaporizhia Ferroalloy power rates
Journal Staff Report

KIEV, March 23 - President Viktor Yanukovych ordered the government to come up with a way to lower power tariffs for Zaporizhia Ferroalloy Plant (ZFP) in an attempt to prevent its shutdown next month.

ZFP warned earlier this month its operation was unprofitable and the company may shut down its operation in April unless power tariffs are lowered.

At a meeting with Zaporizhia regional leaders and government officials on Thursday, Yanukovych told Energy and Coal Industry Minister Yuriy Boyko to address the issue immediately.




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