Business news from Ukraine

Business news from Ukraine

SIX UKRAINIAN COMPANIES BUY ACCESS TO 1.1 GW OF INTERSTATE NETWORK TO IMPORT ELECTRICITY FROM RUSSIA

22 November , 2019  

Six companies have bought access to 1.1 GW of interstate network carrying capacity for importing electricity from the Russian Federation to Ukraine in December, according to information on the website of Ukrenergo. Thus, TAS Energy of Sergiy Tigipko bought 350 MW (24.6% more compared to the access capacity purchased in November). Ukrtorgenergy LLC acquired an additional 300 MW of capacity in December (Volodymyr Lytvynchuk is the ultimate beneficiary of the company founded in May 2019, while in mid-August the core business changed from electricity production to trade), which in November gained access to only 10 MW. The next largest one in terms of volume is ONK Group with 150 MW. At the November auction, this company failed to gain access to the section.
In turn, United Energy LLC (which has contracts for the supply of energy to the enterprises of Ihor Kolomoisky and the Surkis brothers) bought access to 100 MW in December (against 500 MW in November), and ETG LLC bought the same amount.
Access to the capacity for imports from Belarus was obtained by D Trading (Donbasenergo of Maksym Yefimov) and ERU Trading LLC (the Energy Resources of Ukraine group of companies) in the amount of 450 MW and 50 MW respectively.
D Trading also bought access to 404 MW for imports from Moldova and 85 MW from Hungary.

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