In January-February, DTEK lost UAH 1 billion in profit due to underproduction of electricity due to the coal shortage, Head of the Verkhovna Rada Committee on Energy and Housing and Utility Services Andriy Gerus (Servant of the People faction) said.
According to the MP, out of 777 million kWh of total electricity imports to Ukraine in January-February, DTEK could independently generate at least 500 million kWh, which required 250,000 tonnes of coal.
“Taking into account the premium electricity prices in January-February, this means a profit of at least UAH 250 million. However, this profit was not earned due to the coal shortage,” Gerus said.
In January-February, DTEK actually suspended exports of electricity to the EU, which meant an underproduction of another 800 million kWh (for which 400,000 tonnes of coal were needed), and it is a shortfall of about another UAH 800 million, Gerus said.
“Thus, in order to produce the necessary electricity for the needs of Ukraine and for export, DTEK needed 650,000 tonnes of coal. We remind you that the company’s accounts in December had UAH 1.6 billion, which is the equivalent 800,000 tonnes of coal. In fact, the company lost about UAH 1 billion in profit, which it could have received in January-February, the market provided such opportunities,” the head of the parliamentary committee said.
As reported, the National Commission on State Regulation in Energy and Utilities (NEURC) at a meeting on March 10 fined DTEK Zakhidenergo, DTEK Dniproenergo and DTEK Skhidenergo for UAH 1.7 million each for failure to provide the guaranteed coal reserves at thermal power plants (TPPs) in winter, as well as untimely informing the Energy Ministry, NEURC and NPC Ukrenergo about a critical situation with fuel.
DTEK Energy Holding of Rinat Akhmetov increased coal imports by 2.3 times, to 1.492 million tonnes in January-June 2018 compared to the same period last year, the company said on the website of the London Stock Exchange.
At the same time, DTEK’s coal production in the reporting period fell by 12.9%, to 12.889 million tonnes. In particular, extraction of gas coal in Ukraine decreased by 1.2%, to 11.426 million tonnes, while anthracite and steam coal were not produced in Ukraine. At the same time, DTEK in January-June 2018 increased production of anthracite in Russia by 7.6%, to 1.463 million tonnes.
DTEK’s coal exports in the reporting period fell by 54.8%, to 206,000 tonnes.
Production of coal concentrate by DTEK in January-June 2018 fell by 22.8%, to 5.806 million tonnes. In particular, concentrate production in Ukraine fell by 44.6%, to 486,500 tonnes, and in Russia by 6%, to 907,900 tonnes.
