Business news from Ukraine

Business news from Ukraine

Electricity prices for households will not increase until April 30, 2026

The Cabinet of Ministers of Ukraine has extended the provision on imposing special obligations (SO) on electricity market participants until April 30, 2026, Prime Minister Yulia Sviridenko announced.

“Electricity prices for the population will remain unchanged this winter. The government has extended the SRO for electricity until April 30, 2026. This means that during the heating season, citizens will continue to pay UAH 4.32 per kWh,” Sviridenko wrote on Telegram following Wednesday’s government meeting.

According to her, preferential prices for consumers with electric heating will also remain in place.
Thus, for consumption of up to 2,000 kWh per month, the price will be 2.64 UAH per kWh, and for consumption above the established limit, the price will be 4.32 UAH per kWh.

“This is part of a comprehensive program to support Ukrainians in winter. We are reducing the financial pressure on families during the heating season,” the prime minister added.

As reported earlier, the Cabinet of Ministers extended the validity of the provision on imposing special obligations (SOP) on natural gas market entities for gas supplies to domestic consumers, gas distribution system operators, “last resort” suppliers, and gas-fired electricity producers from October 31, 2025, to March 31, 2026.

Westinghouse plans to localize production of AP1000 modules in Ukraine

Westinghouse is discussing with Energoatom the production of individual modular units for AP1000 reactors in Ukraine, particularly in the western regions, according to Dan Lipman, president of Westinghouse’s Energy

Systems business unit, in an exclusive interview with Interfax-Ukraine.

“We buy where we build. This means that Ukraine can start manufacturing some of the modules right now,” he said.
AP1000 technology involves modular construction, which reduces the time required to build units and allows for the localization of part of the production.

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Six AP1000 reactors are in operation worldwide, with 14 under construction, according to Westinghouse

Six AP1000 reactors are in operation worldwide — two in the US and four in China — with another 14 under construction, according to Dan Lipman, president of Westinghouse’s Energy Systems business unit, in an exclusive interview with Interfax-Ukraine.

He added that preparations for the launch of AP1000 projects are underway in Poland and Bulgaria, with the signing of major contracts expected in 2026.

Westinghouse AP1000 technology is used in the US, China, Poland, and Bulgaria, demonstrating high safety and reliability.

 

Westinghouse is ready to begin construction of power units No. 5 and 6 at Khmelnitsky Nuclear Power Plant immediately after end of war

There has been no progress in the physical construction of power units 5 and 6 of the Khmelnitsky NPP due to the war, but Westinghouse is ready to start work immediately after it ends, according to Dan Lipman, president of Westinghouse’s Energy Systems business unit, in an exclusive interview with Interfax-Ukraine.

“As soon as the war ends, we will start working, and I will be the first Westinghouse representative to arrive in Ukraine,” Lipman said.

The Khmelnitsky NPP is one of four operating nuclear power plants in Ukraine.

Westinghouse Electric Company is an American manufacturer of nuclear power equipment and a supplier of fuel for VVER reactors in Ukraine.

https://interfax.com.ua/

 

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VUSO Insurance Company will insure Donetskoblgaz’s motor vehicles under compulsory motor third-party liability insurance

On October 22, Donetskoblgaz, a private joint-stock company engaged in gas supply and gasification, announced its intention to conclude a compulsory motor third-party liability insurance agreement with VUSO Insurance Company.

According to data in the Prozorro electronic public procurement system, the expected cost of purchasing insurance services is UAH 900,706 thousand, and the company’s price offer was UAH 369,562 thousand.

The tender was also attended by insurance companies Oranta – UAH 436.7 thousand, Universalna (UkrInsurance) – UAH 493,600, Arsenal Insurance – UAH 506,300, and Kraina – UAH 556,300.

 

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Demand for fuel during power outages may increase by 20% — OKKO Vice President

Demand for motor fuel during large-scale power outages may increase by 10-20%, and the fuel market is fully prepared for this, according to Yuriy Kuchabsky, OKKO’s vice president of procurement, wholesale sales, and new business.

“If there is a blackout, we are prepared. We estimate that there may be a 10-20% jump in fuel sales. The market will cope with this very easily,” he said during the “Energy that keeps Ukraine going” forum organized by RBC-Ukraine, which was recently held in Kyiv.

According to him, the reason to expect the market to be ready for surges in demand is primarily that it is not monopolized and has been tempered by various trials, including the loss of supplies from Russia with the start of a full-scale invasion, power outages, and Russian strikes on the Kremenchug oil refinery and oil depots.

“There was a test of endurance at the beginning of the summer when the Kremenchug oil refinery was bombed and it effectively disappeared from the market in a single day. In the same month, the number of importers increased sharply, by about 50 companies. And there was no shortage, the market was flooded. So there will be no disaster now either. The market has also learned to operate without oil depots so as not to create additional targets for the enemy,” Kuchabsky explained.

OKKO Group brings together more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other services. The group’s flagship company is Halnaftogaz, which operates one of the largest gas station chains in Ukraine under the OKKO brand, with nearly 400 gas stations.

The founder and ultimate beneficiary of the group is Vitaliy Antonov.

 

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