Business news from Ukraine

DONBASENERGO INCREASES PAYMENTS TO BUDGET BY 1.8 TIMES

9 August , 2020  

PJSC Donbasenergo in July 2020 transferred UAH 68.4 million of taxes and other mandatory payments to the state and local budgets, which is almost 1.8 times more than in July 2019 (UAH 38.3 million).
According to the press release of the company, UAH 59.6 million (VAT and other state taxes) were transferred to the state budget and UAH 0.2 million to the local budget of Donetsk region.
The company has also paid UAH 8.6 million of excise duty, which is 3.2% for every UAH 1 per kWh of generated electricity.
As reported, Donbasenergo in 2019 reduced electricity production by 2.4% (by 84.5 million kWh) compared to 2018, to 3.371.7 billion kWh. In the overall structure of electricity generation in Ukraine for the year the company occupied 2.2% of the market, in the structure of thermal power generation – 7.5%.
Donbasenergo owns the Starobesheve Thermal Power Plant (TPP, located in the occupied territory) and Sloviansk TPP with their total installed capacity of 2,880 MW, including the capacity of Sloviansk TPP – 880 MW. At the end of March 2017, the general company announced the loss of control over the operation of Starobesheve TPP, as well as part of the structural units located in a temporarily occupied territory.
PJSC Energoinvest Holding owns 60.86% of Donbasenergo shares, another 25% of the general company is owned by the state. Currently, the company is controlled by Maksym Efimov.

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