KYIV. July 16 (Interfax-Ukraine) – Ukraine’s National Commission for Energy, Housing and Utilities Services Regulation (NCER) has expanded the investment program of public joint-stock company Ukrhydroenergo by almost 1.5 times or UAH 540 million, to UAH 1.696 billion (VAT not included).
The commission made the decision at a meeting on Tuesday.
“We haven’t increased the tariff. These are funds that we managed to find thanks to saving and cutting credit rates. UAH 540 million will be sent to the completion of their unit of Dnistrovska pumped storage hydro power plant, which we plan to launch by the Power Engineers’ Day,” Ukrhydroenergo Head Ihor Syrota told Interfax-Ukraine.
As reported, in late December the commission approved Ukrhydroenergo’s investment program in the amount of UAH 824.652 million, and in early June the program was expanded to UAH 1.156 billion (VAT not included).
Electricity generation by Ukrhydroenergo’s hydroelectric plants and pumped storage hydroelectric plants fell by 37.1% in 2014, to 8.546 billion kilowatt-hours (kWh).
Ukrhydroenergo operates all of the major hydroelectric power plants on the Ukrainian sections of the Dnipro and Dniester rivers. Their total electricity generating capacity amounts to gigawatts. The Energy and Coal Industry Ministry owns 100% of the shares of the company.
