OREANDA-NEWS  On 04 December was announced, that the Kyivenerho power distribution company (KIEN) restored electricity supplies to enterprises financed from the municipal and district budgets of Kyiv after cutting supplies to them because of their electricity debts. "Kyivenerho restored electricity supplies to the enterprises financed from the municipal and district budgets of Kyiv, to which electricity supplies were cut a day earlier and owe significant debts for the electricity they consumed," the press service said. Kyivenerho said that it restored electricity supplies to these enterprises because it received assurance from the Kyiv municipal administration that Kyiv would take urgent measures to pay the electricity debts. "The Kyiv municipal administration has promised to take urgent measures to settle Kyivenerho for the electricity consumed by enterprises financed from the city budget," the press service said. According to Kyivenerho, all categories of electricity consumers owed the company UAH 709.593 million as of November 27. Enterprises financed from the municipal and district budgets owe the company a total of about UAH 4.6 million. Kyivenerho began cutting electricity supplies to enterprises financed from the municipal and district budgets of Kyiv on November 26 because of their electricity debts. Kyivenerho ended 2007 with profits of UAH 6.149 million; its net revenues increased by 40.83% or UAH 1,340.535 million to UAH 4,624.091 million in 2007 compared, with 2006. The state owns a 50% stake + 1 share in the Kyivenerho joint-stock company (this stake has been contributed to the statutory capital of the national joint-stock company called the Energy Company of Ukraine), Kapiton Trading Limited (Cyprus) owns 24.98%, and Fluminea Limited (Cyprus) owns 15.72%.