Business news from Ukraine

Ukrenergo, Belenergo approve provision of emergency assistance

21 September , 2017  

KYIV. Sept 21 (Interfax-Ukraine) – National energy company Ukrenergo, Belenergo and republic unitary enterprise ODU (Belarus) have signed contracts on provision of mutual emergency assistance in the parallel operation mode for Ukrainian and Belarusian power grids.

The press service of Ukrenergo reported that the contracts were signed last week when a Belarusian delegation visited Kyiv.

According to the Ukrainian legislation, the contracts will enter into force after the National Commission for Energy, Housing and Utilities Services Regulation (NCER) approves them.

The sides also decided to prolong cooperation in commercial exchange of electricity between the power grids of the two countries.

Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the united energy system in the country. The company is a state-owned enterprise. It is subordinate to the Ministry of Energy and Coal Industry.