Business news from Ukraine


9 January , 2020  

PJSC Donbasenergo counts on continuation of initiatives of the regulator, profile ministries and the Verkhovna Rada committee to introduce the best global practices in the operation of the new electricity market, which would allow stabilizing the operation of electricity generating companies. According to a press release of the company, Donbasenergo notes the importance of the initiatives already implemented regarding price adjustment in the balancing market, which made it possible to provide this service without incurring losses.
“At the same time, the market situation for electricity generating companies remains difficult, in particular, only in December, the company’s losses amounted to UAH 130 million,” the company said.
Donbasenergo expressed the hope that the Ministry of Energy and Environment Protection, the regulator, the Verkhovna Rada committee on energy, housing and utilities will continue implementing the best global practices, and companies operating in the electricity generation market will be able to avoid artificially lower prices as well as unprofitable work in the future,” the company said in the press release.
Donbasenergo operates Starobesheve (located in the occupied territory) and Sloviansk thermal power plants (TPPs).
PrJSC Energoinvest Holding owns 60.86% of shares in Donbasenergo, and the state holds 25% of the shares in the company.

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