Centrenergo PJSC plans to end 2025 with a net profit of approximately UAH 4.5 billion after many years of losses, according to Andriy Gota, chairman of the company’s supervisory board.
“This year, Centrenergo should end with financial results that have not been achieved for decades. This is approximately UAH 4.5 billion in net profit. The company’s previous managers accumulated losses of UAH 16 billion over 20 years,” Gota said in an interview with the Energorforma internet portal.
He noted that the company has not reported losses since July 2024.
“The company also repaid almost UAH 2.5 billion in debts from previous periods, including to state-owned mines and Naftogaz, and stopped accumulating them,” said the head of the NR.
According to him, at the same time, the debt of NEC Ukrenergo to the company in the balancing market amounts to UAH 2.2 billion, having doubled compared to last year’s figure.
As reported, Centrenergo is the operator of the Trypilska TPP in the Kyiv region and the Zmiivska TPP in the Kharkiv region. The company’s Vuhlehirsk TPP in Donetsk region has been occupied since mid-summer 2022. The first massive strike on the Trypilska TPP took place in April 2024, and on the Zmiivska TPP in December 2022.
The current supervisory board was appointed in August 2023. At that time, it appointed Andriy Churkin, former director of PJSC “Kharkivenergosbyt,” as chairman of the board of Centrenergo, who was replaced in July 2024 by the company’s technical director, Yevhen Harkavyi.
Applications for the competition to select candidates for the supervisory board of Centrenergo are being accepted until December 23: three independent members and two state representatives. In an interview, Gota said that he would not apply to participate in this competition and would leave the company.
The Cabinet of Ministers published Resolution No. 1596 of December 3, “Issues of Management of Certain Business Entities,” which, as previously reported by Prime Minister Yulia Svyrydenko, initiated the immediate termination of the powers of a significant part of the supervisory boards of key state-owned energy companies.
According to the document, the government expects the Ministry of Energy and the State Property Fund to terminate the powers of the members of the supervisory board of LLC “Gas Transmission System Operator of Ukraine” (OGTSU) Vitaliy Zubriy and Ruslan Strilets, JSC “Energy Company of Ukraine” – Oksana Osmachko and Oleksandr Muzhel, and JSC “Market Operator” Olena Kovalchuk and Andriy Stepanenko.
This list also includes three members of the supervisory board of PJSC Centrenergo, Volodymyr Velychko, Andriy Hota, and Serhiy Simonov, as well as five members of the supervisory board of JSC Ukrainian Distribution Networks, Yevhen Litvinov, Oleg Kantsurov, Andriy Kostrytsya, Svitlana Bilko, and Andriy Pochtaiev.
In addition, the Ministry of Economy, Environment, and Agriculture has been instructed to prepare proposals for convening an extraordinary general meeting of Ukrainian Energy Machines JSC with the aim of terminating the powers of independent member of the supervisory board Andriy Tkachenko.
CABINET OF MINISTERS, CENTRENERGO, MARKET OPERATOR, SUPERVISORY BOARD, ЕКУ, ОГТСУ, УРС
PJSC “Centrenergo” plans to import coal to pass the fall-winter period of 2023/2024, General Director Andriy Churkin said.
“Completely on our own coal we will not pass this winter. And in the near future, Centrenergo plans to sign contracts with foreign companies. There are already certain developments, I think that within a month there will be a result. We need to reach a volume of at least 80 thousand tons of coal per month,” he said in an interview with Interfax-Ukraine.
According to him, this would be a sufficient reserve, but the company is also preparing to work on gas and fuel oil.
“At Tripilska TPP, for example, there is an opportunity to work on fuel oil. We have already imported it, and I have already asked the technical directorate of the plant to make a trial run on this type of fuel,” Churkin said.
He specified that “the closest and most accessible for us is coal from Poland,” while the company buys fuel oil from PJSC Ukrnafta.
On the night of February 16-17, the Maran Excellence ship with 160,000 tonnes of Colombian coal for the needs of PJSC Centrenergo moored in the port of Pivdenny, unloading is underway at a deep-sea berth, the press service of the generating company reported.
“One of the largest bulk carriers (capesize), with a deadweight (maximum allowable load) of more than 180,000 tonnes, delivered 160,000 tonnes of high-quality Colombian coal to Ukraine for the needs of the Centrenergo generation,” the company said on its website on Thursday .
It notes that such a significant consignment of coal was delivered to Centrenergo for the first time by sea in accordance with contracts concluded with international traders.
“Despite the difficult situation that has developed in the Black Sea due to the training of the Russian Federation, the vessel successfully passed through a safe additional corridor to the Ukrainian port and arrived at its destination according to the schedule,” the generating company stressed.
Until the end of February this year, Centrenergo expects the next two ships with a total volume of coal of 214,000 tonnes.
The company assured that the replenishment of stocks at warehouses of thermal power plants due to the diversification of coal sources and the support of the Ministry of Energy and the State Property Fund of Ukraine will allow confidently going through the heating season and ensuring the reliable operation of the Ukrainian power system during peak hours.
The vessel Wadi safaga (https://u.to/uBMBHA) with 78,000 tonnes of Australian coal for PJSC Centrenergo moored in the Odesa port Pivdenny last Friday, unloading is underway, the company’s press service reported.
According to it, this is already the sixth vessel with imported thermal coal for the needs of Centrenergo since the end of November last year.
The press service recalled that the total volume of contracted imported coal for February-March 2022 is 677,000 tonnes. By the end of February, three more ships with 374,000 tonnes of coal from Australia, Colombia and South Africa are expected.
Ukraine needs to import approximately 3.5 million tonnes of thermal coal during the coming heating season, Energy Minister Herman Haluschenko has said.
“Additionally, it is needed to import about 3.5 million tonnes during the heating season in accordance with the coal accumulation schedule,” the minister said in an exclusive interview with Interfax-Ukraine.
At the same time, he noted that generating companies – both DTEK and Centrenergo – have begun to conclude contracts for coal imports.
According him, the price of electricity in the market already makes it possible “to calmly buy coal, produce [electricity], sell and earn money.”
“We expect that we will stabilize the situation with coal and will calmly pass the autumn-winter period,” the minister said.
At the same time, he noted that in the heating season of this year, the Ministry of Energy also expects “certain achievements” – the NPP operation with at least 14 units out of 15 operating, as well as, if necessary, especially in December-January, connection of the 15th atomic block to the system. According to his forecasts, gas reserves in underground storage facilities will reach 19.5 billion cubic meters at the beginning of the autumn-winter period.
According to presidential decree 452/2021, promulgated on Monday, which approved the decision of the National Security and Defense Council (NSDC) dated July 30, 2021 on measures to neutralize threats in the energy sector, the Cabinet of Ministers must ensure the accumulation of natural gas, reserve fuels and coal by October 31 of this year for the smooth operation of the fuel and energy complex during the heating period 2021/2022, as well as the priority of providing open wagons for shipment of coal products by rail in accordance with the requests of coal enterprises – mines and processing plants. Also, the government needs to ensure the completion of the implementation of measures regarding the readiness of the fuel and energy complex to work in a special period and make appropriate decisions.
