The Cabinet of Ministers of Ukraine has approved the payment of UAH 207.883 million in dividends by NPC Ukrenergo, which is 90% of the company’s consolidated profit for 2023, reduced by the amount of income from the distribution of cross-border crossing capacity last year.
The relevant decision is enshrined in the Resolution of the Cabinet of Ministers No. 589-r dated June 28, 2024, the text of which is published on the government portal.
Earlier, Volodymyr Kudrytskyi, CEO of Ukrenergo, reported that the NPC received about UAH 400 million in profit for UAH 83 billion in revenue in 2023.
JSC “Ukrzaliznytsia” (UZ) has created a separate legal entity – “UZ Energo” LLC, which will be engaged in the construction of gas-fired power plants. construction gas-fired power plants with a total capacity of up to 250 MW in the regions, the company’s press service reported.
“A decision has been made to construction of dozens of gas-fired power plants with a total capacity of up to 250 MW. As of today, Ukrzaliznytsia is holding active negotiations with suppliers and international financial organizations for the rapid implementation of this project,” the press release quoted Yevgeniy Lyashchenko, head of the UZ board, as saying.
According to the press release, UZ Energo will be 100% owned by Ukrzaliznytsia through Sales Energy Ltd, which is also owned by UZ.
Lyashchenko reminded that UZ is among the top 5 largest distribution companies in Ukraine in terms of network length and volumes of electricity flow.
The report says that UZ, as one of the largest consumers of electricity in Ukraine, is experiencing a significant deficit in its supply on an equal footing with everyone else. The introduced limits for electricity consumption cover the real needs of the company only by 75%.
They pointed out that with the approach of the fall-winter period, the increasing deficit in electricity supply may affect the uninterrupted movement of trains and adversely affect the provision of public services for household consumers. “UZ” is also the operator of water supply distribution for a number of consumers.
According to the report, gas-fired power plants will first of all be installed in regional centers and connected to the company’s networks, from which are powered railway transport facilities, social sphere, as well as critical infrastructure facilities of other sectors of the economy.
The French Interior Ministry announced on Monday the final results of voting in the first round of parliamentary elections – the “National Rally” came first with 33.14% of the vote.
According to the Interior Ministry, more than 10.6 million French people voted for this nationalist party and its allies, reports BFMTV. The TV channel notes that the “National Union” increased in 2.5 times the result of the previous parliamentary elections in 2022.
In second position is the left-wing New Popular Front bloc with 27.99% of the vote. The leftists have also significantly improved their result compared to the 2022 elections, when 5.8 million voters voted for their coalition New People’s Ecological and Social Union (Nupes). In the first round of the current election, they received almost 9 million votes.
Earlier Experts Club analytical center presented an analytical material about the most important elections in the countries of the world in 2024, more video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU.
Subscribe to the Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub
The parties of the presidential camp, acting as the Together coalition, received just over 20% of the vote. 6.4 million French people voted for them.
Due to the defeat of the presidential social-liberal Renaissance party in the June 9 elections to the European Parliament, which lost to the National Union, President Emmanuel Macron announced on the same day the dissolution of the National Assembly and called early legislative elections.
The first round of elections to the lower house of the French parliament – the National Assembly – was held the day before, the second round will be held on July 7.
Poland has suspended entry and exit permits for Ukrainian trucks that do not have international freight transportation permits.
This was reported by the State Customs Service of Ukraine on Telegram on Monday.
Metinvest Group’s Zaporizhstal Iron and Steel Works has overhauled the third stage of blast furnace No. 4.
“Our fourth blast furnace has been renovated and is fully ready for operation, waiting for the first pig iron after the repair,” the company said in a statement.
It is specified that as part of the overhaul, a new charging machine was installed, the casting yard, air heaters and cleaning units were updated.
As reported, the overhaul was implemented as part of the plant’s investment program, with a total estimate of more than UAH 92 million.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries around the world.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
Benchmark oil prices are rising on Monday morning.
Quotes for September futures for Brent on the London ICE Futures exchange by 8:14 a.m. increased by $0.38 (0.45%) to $85.38 per barrel. On Friday, their price rose by $0.26 (0.3%) to reach $85 per barrel. August contracts, which expired at the end of the previous trading, rose in price by $0.02 to $86.41 per barrel.
August futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning added $0.36 (0.44) to $81.9. On Friday, the value of these contracts decreased by $0.2 (0.2%) and amounted to $81.54 per barrel at the close of the session.
In June, Brent rose in price by 1.2%, WTI – by 5.9%.
The hurricane season has begun in the Atlantic, and traders are watching to see how it might affect oil trade in the US.
As Hurricane Beryl approaches the Caribbean from the southeast, it has strengthened to a category four, the Associated Press reports.
“This is a very dangerous situation,” the US National Hurricane Center (NRC) said. According to its forecasts, Beryl will cause a storm surge and pose a threat to life due to wind speed.
