The Cabinet of Ministers of Ukraine on February 7, 2018 approved the revised financial plan of private joint-stock company Ukrhydroenergo for 2018 with net profit of UAH 2.54 billion, the company’s press service has reported.
“Changes in the financial plan of Ukrhydroenergo for 2018 were made in connection with the approval of the tariffs for electricity supply by the National Commission for Energy, Housing and Utilities Services Regulation, an increase in electricity production for 2018, in accordance with the approved updated forecasted balance of electricity of the Ukrainian power grid, as well as with the change in the investment program of Ukrhydroenergo,” the press service said.
The company said that the financial plan takes into account the decrease in the average tariff of Ukrhydroenergo for electricity supply by 11.4%, to 70.2 kopecks per kWh.
Ukrhydroenergo operates all large hydroelectric power stations located in the Ukrainian sections of the Dnipro and Dniester rivers. The total installed capacity of the company’s hydroelectric power plants is 5,745 MW. The state fully owns the company’s shares.
