Business news from Ukraine

Business news from Ukraine

ENERGOATOM INCREASES POWER GENERATION BY 10%

National Nuclear Generating Company Energoatom increased power generation by 10% year-on-year in January and February 2019, to 15.989 billion kWh, the company has said.
The electricity generation target was met by 100.5%.
Electricity sales totaled 15.098 billion kWh compared to 13.722 billion kWh in January and February 2018. Energoatom’s share of total electricity sold to Energomarket state enterprise was 55.8%, and the share of total electricity generation in the country was 54.2%.
The company sold electricity worth UAH 10.4 billion (including VAT) on the wholesale power market, which is 15.7% more than in January and February 2018.
Capital investment totaled UAH 808.2 million compared with UAH 1.479 billion in January and February 2018.
The company sent UAH 2.275 billion to the budgets of all levels and insurance payments came to UAH 363.2 million.
Capacity use was 81.4%, which was 7.4 p.p. more than a year previously.
Three malfunctions were recorded at Ukrainian nuclear power plants in the reporting period, one less than a year ago. Radiation levels at Ukrainian NPPs were normal over the period.
Energoatom is the operator of all four Ukrainian-based operating nuclear power plants, which have 15 VVER reactors with an overall generating capacity of 13.835 gigawatts.
The company also operates the Tashlyk hydroelectric pumped storage power plant with a 302 MW capacity in a turbine mode and Oleksandrivka hydropower plant with an 11.5 MW capacity.

,

UKRSADVINPROM URGES TO ADAPT STATE-FUNDED PROGRAM ON BUILDING FRUIT REFRIGERATORS

The Ukrsadvinprom public association has called on the Agricultural Policy and Food Ministry of Ukraine to adapt the state-funded program compensating expenses on construction of fruit refrigerators to berry farms, member of the association and founder of Yahidky company producing organic blueberries Oleh Naumenko has said.
“In 2018, we received compensation for planting material in full. However, officials have a misunderstanding of some simple questions… We ask the Agricultural Policy and Food Ministry to hear us and reconsider the program on refrigerators in the direction of adapting it to berry farms,” he said at a press conference at Interfax-Ukraine on Thursday.
According to representatives of Ukrsadvinprom, the criterion of the capacity of this equipment for compensation from the national budget from 500 tonnes, as provided for by the current government decree, should be relaxed to 50-100 tonnes.
“In addition to laying new plantings, you need to think about the storage of fruits and berries. However, refrigeration equipment with a capacity of 500 tonnes and more is used by large enterprises – producers of apples. And for blueberries, currants, blackberries, smaller capacity refrigerators are required,” Director of Horticulture Institute under the National Academy of Agrarian Sciences of Ukraine Ihor Hrynyk said.
Head of Uksadvinprom Volodymyr Pechko said that in 2019, about 15 enterprises are candidates to have compensation for the construction of refrigeration equipment under current requirements.
According to him, if the criteria for equipment are relaxed, about 80 export-oriented enterprises will be eligible for compensation under this state-funded program.
“This will support not only large fruit producers, but also small farms. It will also provide an opportunity of storing berry products for about three months and exporting them not only to neighboring countries, but also to China, as well as to Chile and Argentina,” Pechko added.

, , ,

NATIONAL ENERGY COMPANY UKRENERGO INSTALLS INTERACTIVE DISPATCH BOARD

National Energy Company Ukrenergo as part of the modernization of the power grid installed the first interactive dispatch board made by Belgium’s Barco. The board will be launched on March 18, the press service of the company has reported. The board, combined with the operational information complex of the automated dispatch control system, transmits information about the state of the main power equipment of the Western energy system round-the-clock in a multi-window mode.
The equipment allows quickly and conveniently displaying the necessary information on any screen window – separate power hubs, diagrams and schemes. In the coming years, it is planned that the dispatch boards will be updated in all other regional dispatch centers.
The project, worth UAH 17.5 million, was implemented as part of the investment program of the Western energy system for 2018.
Ukrenergo operates trunk and interstate transmission lines, as well as centralized dispatching of the country’s integrated power grids. It is a state-owned enterprise managed by Ukraine’s Finance Ministry. The company will be soon reorganized into a private joint-stock company.

,

UKRAINE REDUCED COKE AND SEMI-COKE EXPORTS BY 60% YEAR-OVER-YEAR TO 1,856 TONNES IN JANUARY AND FEBRUARY 2019.

According to customs statistics, published by the State Fiscal Service of Ukraine, coke and semi-coke exports were down 60% in monetary terms, to $504,000.
The majority of deliveries were made to Romania (66.27% in monetary terms), Russia (16.47%) and Moldova (16.47%).
Imports of coke and semi-coke fell by 35.5%, to 168,673 tonnes in January and February 2019, worth $51.463 million (34.7% down). The goods were mainly imported from Russia (89.55% in monetary terms), Poland (8.42%) and the Czech Republic (2.03%).
As reported, Ukraine cut coke and semi-coke exports by 88.6% year-over-year to 25,578 tonnes in 2018. Imports of coke and semi-coke fell by 45.8%, to 839,757 tonnes in 2018, worth $251.724 million (44% down).
Due to hostilities in the eastern part of Ukraine some coalmines and coking plants were left in the Ukrainian government uncontrolled territories.

, ,

UKRENERGO WORKS OUT CONCEPT FOR DEVELOPING CYBERSECURITY

Ukrenergo has worked out a concept for the development of cybersecurity for 2019-2023, based on the analysis of the current state of information security in the company, its own developments and the experience of world leaders in the field of cyber defense and information technologies, primarily Israel.
According to a press release, in four years Ukrenergo intends to implement 30 projects in order to enhance the security of information infrastructure and minimize the negative impact of cybersecurity incidents on the company’s work.
In particular, the matter concerns the creation of a secure transport network of the enterprise for secure interaction with the outside world, the organization of secure basic infrastructure and data processing centers, as well as setting up an operational security center and organizing professional training for personnel.
The draft concept was reviewed and received positive feedback from the Security Service of Ukraine and the State Service of Special Communication and Information Protection.
As reported, in June 2017 the computer networks of the Cabinet of Ministers, dozens of state and private large banks and companies in Ukraine became the victims of a massive virus attack, which in some cases led to the cessation of their operations.

,

UKRAINE INTERNATIONAL AIRLINES INCREASES PASSENGER FLOW

Ukraine International Airlines (UIA, Kyiv) in January and February 2019 carried over 1 million passengers, which is 9% more than a year ago.
The airline said in a press release that over the period UIA serviced 8,930 flights, which is the same as in January and February 2018.
The seat occupancy rate grew by 1 percentage points (p.p.), to 74%.
The on-time performance result for UIA in February 2019 was 85% compared with 77% in February 2018.
The airline carried 2,800 tonnes of cargo and mail, which is 2% more than a year ago.
Ukraine International Airlines was founded in 1992. It connects Ukraine with more than 80 cities and key points in Europe, Asia, America, Africa, the Middle East and the CIS countries and provides connection with the routes of partner airlines in more than 3,000 cities of the world. UIA performs more than 1,100 regular flights a week.
The fleet consists of 41 airplanes of different modifications. One of the ultimate beneficiaries of the company is businessman Ihor Kolomoisky.

,