Business news from Ukraine

DTEK GETS LICENSE TO EXPORT 50,000 TONNES OF ANTHRACITE LUMPS IN NOV

17 November , 2015  

KYIV. Nov 17 (Interfax-Ukraine) – DTEK has received a license to export 50,000 tonnes of anthracite lumps not intended for use at thermal power plants in November, the press service of the energy holding has announced.

According to its report, the permit was issued by the Ministry of Economic Development and Trade in coordination with the Ministry of Energy and Coal Industry.

In general, about 110,000 tonnes of anthracite lumps is available for exports.

“Anthracite lumps are technologically not suitable for burning at thermal power plants and is an expensive resource. Exports of this type of coal do not affect the provision of DTEK’s power plants with fuel. Exports will help balance the economy of the company in the conditions of enormous debts for electricity. Energomarket owes more than UAH 6.8 billion to DTEK’s generating enterprises. Funds obtained from coal exports will be used to support coal production at DTEK mines,” DTEK Energo Commercial Director Vitaliy Butenko said.