Business news from Ukraine

In Ukraine, 38 thousand consumers were left without light due to weather conditions

Due to weather conditions as of Wednesday morning 237 settlements in Zhytomyr, Kyiv, Sumy, Khmelnytskyi, Cherkasy, Chernihiv regions and Kyiv remain without power supply, another 490 settlements are without power due to other reasons, including military operations, NEC Ukrenergo reported in Telegram.

According to the Ministry of Energy, the most settlements – 117 – without light in Kyiv region, another 46 – in Chernihiv region, 42 – in Khmelnytskyi, 14 – in Cherkasy, 13 – in Zhytomyr region and 5 – in Sumy region. In total, according to his information, without light 38 thousand subscribers.

According to Ukrenergo, the process of connecting consumers in Sumy region, where one of the energy facilities was damaged during a night drone attack, is ongoing. According to the Ministry of Energy, the Russian Federation attacked by drones a substation of the oblenergo in the border territory of Sumy region, as a result of which 1,016 subscribers in 14 settlements were de-energized.

At the same time, as Ukrenergo notes, it managed to promptly restore power supply to consumers in Kherson, who were de-energized due to the shutdown of several power facilities in the region during the air alert. Damage to buildings and equipment of one of them was discovered during the inspection.

In general, there is still a deficit in the energy system, as a result of which hourly shutdown schedules, as announced earlier, will be applied from 15:00 to 23:00.

At the same time, a record volume of imports from Romania, Slovakia, Poland, Hungary, Moldova is scheduled for today – 29,796 MWh with a maximum capacity in some hours up to 1,689 MW, which corresponds to the maximum possible value. The last record was recorded on Saturday – 29,100 MWh.

 

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Demand for oil in world in 2024 will grow by 962 thousand bpd

Demand for oil in the world in 2024 compared to last year will grow by 962 thousand b / s, according to the monthly report of the International Energy Agency (IEA).

A month earlier the agency forecasted this indicator at the level of 1.062 mln b/s. Thus, analysts downgraded the estimate of demand growth by 100 thousand b/s.

The adjustment is due to an upward revision of the demand estimate for 2023: by 145 thousand b/s to 102.24 mln b/s. The agency’s analysts also raised the forecast for 2024: by 45 thousand b/s, to 103.2 mln b/s.

In 2025, the IEA expects oil demand to increase to 104.23 mln b/s, with this indicator growing by 1.03 mln b/s by the previous year. This estimate was downgraded from last month’s forecast by 150,000 b/s.

Observed world oil inventories in April increased for the third month in a row – by 19.3 mln barrels, mainly due to the growth of onshore stocks – by 83.5 mln barrels. At the same time, oil inventories in tankers fell by 64.2 million barrels.

 

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National Bank has strengthened hryvnia reference rate

Reference UAH/USD exchange rate in the interbank foreign exchange market as of 12:00 on June 12, 2024.

Indicator 11.06.2024 12.06.2024 Change, %

Reference UAH/USD exchange rate (UAH/$) 40.5638 40.4186 -0.36

Data: NBU.

“Kyivpastrans has again announced tender for purchase of trolleybuses for EUR50 mln with EIB financing

Kyivpastrans, as part of the implementation of the European Investment Bank-financed program “Urban Public Transport of Ukraine”, has announced a new tender for the purchase of 12m and 18m trolleybuses for a total amount of up to EUR50m.

According to the announcement published in the Official Journal of the EU, to which the AllTransUA portal refers, it is planned to purchase low-floor trolleybuses, as well as the necessary spare parts, tools and equipment.

Disclosure of the bids is scheduled for July 31. The first batch of trolleybuses should be delivered in 24 weeks after the receipt of the advance payment by the supplier, and the entire contract is designed for 78 weeks.

As reported, under this loan agreement with the EIB, Kiev has already tried twice to purchase trolleybuses – the tender announced in November 2022 failed, and the one announced in August 2023, with bids submitted by the Czech Republic’s Škoda and Turkey’s Bozankay, was recently finally canceled, according to AllTransUA.

“Unfortunately, just like last time, single and two-section trolleybuses are to be delivered within one lot, and the quantity ratio is not specified in the announcement. This creates exactly the same problems as last time, when Ukrainian manufacturers could not participate, and foreign manufacturers offered a purely formal number of two-section trolleybuses (1 and 3 pcs.),” – notes AllTransUA.

As reported, the EIB and Kyiv Mayor Vitaliy Klitschko on December 10, 2021 signed a loan agreement for EUR100 million for the project of renewal of the trolleybus fleet, as well as the car fleet of the capital’s metro. This was the first loan from the EIB in Ukraine offered directly to the city without state guarantees.

 

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Due to bad weather in Kyiv region 36 lines and 611 substations have been de-energized – regional administration

As a result of a thunderstorm with heavy rain and wind up to 25 m/s on the morning of June 12 in the Kiev region 36 lines and 611 transformer substations are de-energized, according to the website of the Kiev regional military administration on Wednesday morning.

“A thunderstorm front has hit all regions of the Kiev region….. Specialists are already eliminating the consequences of bad weather. The task is to restore as quickly as possible the work of all lines of the highest voltage – 10 kV and go to the applications of customers on the networks of the lower voltage class 0.4 kV to return light to all homes. Strong wind with rain makes it difficult to work, which may provoke new accidents in the networks”, – stated in the message.

At the same time, the regional administration reminds that on June 12, the restriction of electricity consumption in the Kiev region will be in effect from 15:00 to 23:00.

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European Bank for Reconstruction and Development to provide EUR140m to Ukraine for municipalities

The European Bank for Reconstruction and Development (EBRD) will provide EUR140 million to support municipalities in Ukraine, EBRD Vice President for Policy and Partnerships Mark Bowman said.

“We need to support Ukraine, in particular the environmental infrastructure during the war and lay a strong foundation for its green recovery. This is a really important part of Ukraine’s European integration. I was very surprised by the super commitments that Ukraine has made on its way to the EU,” he said on the sidelines of the Ukraine Recovery Conference in Berlin on Tuesday.

Bowman recalled that the EBRD has been supporting Ukraine since the beginning of the full-scale war and has invested more than EUR4 billion in support of Ukraine. In addition, investments in energy efficiency projects, water supply, water drainage, public transportation in Ukraine continue to receive about EUR160 million.

“We are ready to provide additional funding of EUR140 mln to support municipalities that face serious problems and are in a difficult situation. They need to cope with the devastation. These difficulties are big,” the EBRD representative emphasized.

Bowman also recalled that the EBRD has developed the Green Cities program. This project started in 2016 and seven Ukrainian cities joined it. They continue to work even in conditions of war. In particular, two participants of this program have introduced war plans and continue to implement them.

In addition, the EBRD this week announced a EUR55 million investment in a joint venture with Goldback Solar Investment to build and operate new renewable energy facilities, predominantly solar, on 522 MHz.

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