Business news from Ukraine

UKRENERGO SIGNS CONTRACT WITH ZTR TO BUY TRANSFORMER EQUIPMENT FOR UAH 928.6 MLN

28 March , 2016  

KYIV. March 28 (Interfax-Ukraine) – Ukrenergo on March 25 signed a contract with Zaporizhtransformator (ZTR) for the supply of 22 autotransformers and shunt reactors for a total of UAH 928.591 million (including VAT), the press service of the company has said.

The deadline for signing the contract set by legislation expires on March 25.

As reported, the price of transformer equipment turned out to be UAH 1.1 billion lower than expected due to competition between ZTR, ABB and Siemens at the auction.

Transformers should be delivered to the objects no later than the first quarter of 2017.

Ukrenergo operates backbone and interstate power grids, as well as performs the centralized dispatching of the country’s united energy system. The company is state-owned and is managed by the Ministry of Energy and Coal Industry.