Business news from Ukraine

Business news from Ukraine

DTEK ENERGY’S THERMAL POWER PLANTS INCREASES ELECTRICITY SUPPLY BY 12%

DTEK Energy’s thermal power plants (TPP) increased electricity supply by 12.1% in January-May 2018 compared to the same period in 2017, to 13.5 billion kWh, the company’s press service has reported.
According to its information, in particular power supply from thermal power plants working on gas coal grew by 21.7%, to 11.5 billion kWh, while those on anthracite reduced by almost 30%, to 2 billion kWh.
The press service noted that the company increases production of electricity from Ukrainian coal through a project to transfer two blocks of Prydniprovska TPP to gas coal (completed in late 2017), as well as increased loading of its other TPPs on gas coal.
“DTEK TPPs operate in the mode required for the power system and show very good dynamics of electricity production from gas coal. It’s nice to see that the project we implemented at Prydniprovska TPP not only helps reduce the volume of coal imports to the country, but also creates prerequisites for building up own production in Ukraine,” Director for Power Generation at DTEK Energy Serhiy Kurylenko said.
DTEK Energy plans by the end of 2018 to complete the transfer of two more units of Prydniprovska TPP from anthracite to gas coal, which will allow the station to provide the required amount of electricity production without using anthracite.

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HUNGARY, POLAND, MOLDOVA ARE TOP MARKETS FOR UKRAINIAN ELECTRICITY

Ukraine in January-May of this year exported electricity worth $137.168 million, in particular in May for $27.837 million. According to the State Fiscal Service, Hungary received electricity worth $85.312 million, Poland for $32.575 million, Moldova for $15.629 million, other countries for $3.652 million.
Thus, in monetary terms exports of Ukrainian electricity in January-May 2018 increased by 25% compared to the same period in 2017 ($109.749 million). In addition, Ukraine for this period imported electricity for $658,000 (from the Russian Federation for $629,000, from Belarus for $28,000, and from Moldova for $1,000).

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UKRAINE INCREASES ELECTRICITY EXPORTS BY 8.8% IN JAN-APRIL, MAIN IMPORTERS – POLAND, MOLDOVA, HUNGARY, SLOVAKIA, ROMANIA

Ukraine increased electricity exports 8.8% in January-April 2018 year-on-year to 2.189 billion kilowatt-hours (kWh), the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Electricity supplies from the Burshtyn thermal power plant energy island in the direction of Hungary, Slovakia and Romania for the four month grew 7.8% compared to January-April 2017, to 1.421 billion kWh.
Electricity supplies to Poland rose 30.8%, to 541.1 million kWh. Ukraine exported 227.1 million kWh to Moldova in January-April 2018, which is 18.9% less than in January-April 2017.
No electricity was exported to Belarus or Russia in January-April 2018 or January-April 2017.
In April 2018, exports of Ukrainian electricity totaled 592.9 million kWh, which is 10.4% less than in April 2017.
Ukraine imported 11.4 million kWh of electricity in January-April 2018 (of which 10.9 million kWh from Russia and 0.5 million kWh from Belarus). Energomarket contracts account for the imports as technological transfers.

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UKRAINE EXPORTS ELECTRICITY FOR $109 MLN IN 2018, HUNGARY BUYS FOR $69 MLN

Ukraine in January-April this year exported electricity for $109.331 million, in particular in April for $28.86 million. According to the State Fiscal Service, in January-April electricity was supplied to Hungary for the amount of $69.146 million, Poland for $26.466 million, Moldova for $10.939 million and other countries for $2.779 million.
Thus, in monetary terms exports of Ukrainian electricity in January-April 2018 increased by 33.5% compared to the same period in 2017 ($81.899 million).
In addition, Ukraine in January-April 2018 imported electricity for $562,000 (from Russia for $539,000, from Belarus for $22,000 and Moldova for $1,000).

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UKRAINE EXPORTS ELECTRICITY FOR $80 MLN IN JAN-MARCH, LARGEST CUSTOMERS – HUNGARY, POLAND, MOLDOVA

Ukraine in January-March this year exported electricity for $80.471 million, in particular in March for $30.813 million. According to the State Fiscal Service, in January-March electricity was supplied to Hungary for the amount of $51.395 million, Poland for $19.024 million, Moldova for $8.147 million and other countries for $1.905 million.
Thus, in monetary terms exports of Ukrainian electricity in January-March 2018 increased by 18.1% compared to the same period in 2017 ($68.12 million).
In addition, Ukraine in January-March 2018 imported electricity for $457,000 (from Russia for $442,000, from Belarus for $15,000 and Moldova for $1,000).

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OKKO GROUP STARTS ELECTRICITY SUPPLYING TO CONSUMERS

OKKO Group in coming months will start supplying electricity to Ukrainian consumers, the company’s press service has reported. OKKO Contract received the respective license on March 23.
“We continue developing towards an integrated energy service company, in which clients will be able to acquire all the required energy from one source – petroleum products, natural gas and electricity,”, Head of the sales department for new OKKO products Volodymyr Ostaschuk said. The holding said that, in addition to electricity supplies, they are also going to be engaged in its electricity generation from renewable sources.
“By the end of 2018, solar panels and generating equipment with a total capacity of 200 kW will be installed on the roof and facade of the central office of the holding in Lviv,” OKKO said.
Galnaftogaz Concern manages one of the largest fuel station networks in Ukraine. It includes about 440 fuel filling stations, the majority under the OKKO brand. The majority shareholder of the company is Vitaliy Antonov, among the minority shareholders is the European Bank for Reconstruction and Development.

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