Debts of Gussing biomass plant higher than projected
Sep 10, 2013 - The debts of insolvent Austrian biomass plant Gussing stand at EUR 7 million (USD 9.3m), according to liquidator Peter Hajek.
Today, he recognised creditor claims in the same amount. The largest creditor claim, of more than EUR 1 million, is that of Austrian bank Hypo Alpe Adria, which itself is insolvent and facing liquidation.
So far, the debts of the Gussing plant were projected to be around EUR 6 million.
The decision whether the facility will continue operations will be made at a creditors meeting on October 21.