Business news from Ukraine

Business news from Ukraine

Energoatom has announced tender for directors’ and officers’ liability insurance in amount of 20 million UAH

According to Fixygen, JSC “NAEK ”Energoatom” announced a tender on March 20 for liability insurance for the chairman and members of the supervisory board. As reported in the Prozorro e-procurement system, the expected cost of the services is 20 million UAH.

Applications to participate in the tender are being accepted until 4:00 PM on April 7

The winner of a similar tender a year earlier was IC “Coloneid Ukraine”

 

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Ukraine’s nuclear power plants generated 54.1 bln kWh in 2025—100.8% of target

All three nuclear power plants of NAEK Energoatom located in Ukraine-controlled territory met their targets in 2025 and generated 54.1 billion kWh of electricity, which is 100.8% of the target, the company reported on Wednesday.

“The target was exceeded by 418 million kWh. An increase in electricity production compared to 2024 and a reduction in the duration of the maintenance campaign were recorded. Repair work must continue to be optimized by introducing new technologies,” said Pavlo Kovtonyuk, acting chairman of the board of Energoatom.

In 2025, Energoatom also paid UAH 168.5 billion for special obligations to ensure the availability of electricity for residential consumers (PSO) and transferred over UAH 44.5 billion to the state budget.

As the company added, it supports its employees, particularly specialists from the Zaporizhzhia NPP who were forced to leave their hometown and the plant due to the Russian occupation. Currently, over 2,600 ZNPP nuclear power plant workers are employed at other branches and within the NAEK Directorate.

Currently, Energoatom operates nine power units at the South Ukraine, Rivne, and Khmelnytskyi NPPs with a total capacity of 7,880 MW, located in territory controlled by Ukraine.

The Zaporizhzhia NPP, with six VVER-1000 power units with a total capacity of 6,000 MW, has not been generating electricity since September 11 of that year following its occupation on March 3–4, 2022.

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Energoatom has allocated over UAH 18.5 bln to army’s needs during four years of war

During four years of full-scale war, Energoatom has been systematically supporting Ukrainian defenders, allocating over UAH 18.5 billion to the front’s needs, the company reported on Telegram.

“Among other things, the company has provided the Ukrainian Armed Forces with a Mi-2 helicopter, which helps to carry out combat missions. NAEK has also allocated UAH 300 million to the State Border Service for the purchase of 50 armored personnel carriers for the ”Assault Guard“ units,” Energoatom said.

In addition, volunteers actively support Ukrainian defenders at nuclear power plant sites.

“Thanks to the efforts of the labor collectives, nuclear workers are meeting many of the military’s needs by sending drones, cars, electronic warfare equipment, satellite systems, and other necessary items to the front,” the company added.

In October 2023, on the initiative of Energoatom employees, the public organization “Guardians of Light” was created. It was founded by volunteers from the association in Kyiv to respond quickly to requests from the military and systematically provide them with the necessary assistance.

As noted by NAEK, during its work, the organization has expanded to a network of centers in Pivdennoukrayinsk, Varash, Slavutych, and Netishyn. Volunteers constantly support units on the front lines, promptly providing for their needs—from technical equipment to everyday items.

One important area of focus has been the implementation of a program for the psychological and emotional recovery of military personnel in cooperation with the Main Directorate for Psychological Support of the Armed Forces of Ukraine of the General Staff of the Armed Forces of Ukraine and the administration of the State Border Service. Since the program began, more than 13,000 soldiers have taken advantage of it.

On April 3, 2025, the support program was expanded with the “Family” program, which provides compensation for 50% of the cost of a sanatorium stay for family members of military personnel undergoing emotional recovery.

The “Family Comfort” program was introduced to support the families of military personnel who are missing, in captivity, or who died while performing combat missions.

Energoatom and the NGO “Guardians of Light” will continue to provide systematic support to military personnel and their families for as long as necessary, the NAEK emphasized.

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Energoatom joined balancing group of its own trading company EA Trade

On February 21, 2026, JSC NAEK Energoatom joined the balancing group of EA Trade LLC, whose sole founder and participant is NAEK, the company announced on its Telegram channel on Monday.

“To this end, the parties have entered into an agreement on participation in the balancing group of EA Trade LLC in accordance with the Market Rules (…) and, in accordance with the established procedure, agreed with NPC Ukrenergo on a change in the party responsible for the balance,” the statement said.

Energoatom explained that participation in the balancing group will reduce the company’s costs for settling electricity imbalances and significantly speed up the receipt of funds for imbalances, which are currently paid by the transmission system operator Ukrenergo with a delay of several months.

According to the Market Rules, all market participants, except consumers, are responsible for their electricity imbalances. Each market participant is required to become a BSO or transfer its financial responsibility for imbalances to another BSO.

According to information from Opendatabot, EA Trade LLC was founded on September 23, 2025, with a registered capital of UAH 50 million. 100% of the company’s shares are owned by NAEK Energoatom.

The director of EA Trade is Viktor Kachurenko, who previously headed Shell Oil Products Ukraine LLC and Shell Energy Ukraine, which specialize in trading various types of fuel. Currently, both companies are in the process of being dissolved.

As stated on the website, EA Trade is a modern company specializing in trade in the energy sector. Its goal is to ensure efficient, transparent, and competitive trade in electricity, contributing to the stability of the energy system. The website does not mention the likely participants in the balancing group and the company’s customers.

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Ukrainian nuclear power plants will receive second level of protection against drone strikes by end of year

NAEK Energoatom plans to complete the construction of all planned second-level protective structures (concrete structures against drone strikes and missile debris) for important elements of Ukraine’s operating nuclear power plants in 2026, according to the company’s CEO Pavlo Kovtonyuk.

“The first is passive protection of critical elements of nuclear power plants. It consists of several levels, and the first level (gabions and big bags – ER) is already complete. The second level is nearing completion. This work is being carried out according to the approved schedules and plans,” Kovtonyuk said in a conversation with journalists during a trip to one of the nuclear power plants, specifying that the construction of level 2 structures at all nuclear power plants is planned to be completed within the current year.

He noted that the second aspect is active protection provided by the Armed Forces of Ukraine, and Energoatom is allocating funds to purchase the necessary systems for such protection of the sky near nuclear power plants. Kovtonyuk did not specify the amount of funding for protection work and the funds allocated to the military, noting that “plans and projects agreed with the General Staff are financed without restrictions.”

Regarding the third level of protection (including underground structures designed to withstand direct missile strikes), the head of Energoatom noted that such projects can be considered individually.

“The third level involves very large-scale work, which can be considered as local projects. There is an example at one of the nuclear power plants where certain elements are protected by the third level. As for scaling, we will consider this possibility,” Kovtonyuk commented.

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Ukraine is ready to sell 25% of Energoatom

Ukraine is ready to privatize large state-owned companies, in particular to sell 25% of the shares of NAEK Energoatom, but this requires the involvement of financial institutions and the readiness of European partners, said Alexei Sobolev, Minister of Economy, Environment, and Agriculture.

“We must be ready for privatization, but this also requires a serious approach, on the other hand, and certain assistance from financial institutions to finance these transactions. For example, in the case of Energoatom, we are ready to sell a quarter of the company,” he said at the World Economic Forum in Davos.

At the same time, Sobolev noted that large European companies involved in nuclear energy are currently experiencing their own difficulties, which makes it difficult to acquire a stake in Ukrainian assets during or after the war. According to him, the implementation of such projects requires a joint agreement that the European Union will agree to.

The head of the ministry also stressed the need for large-scale domestic financing. To this end, he said, the government plans to focus on fighting corruption, increasing the legal sector of the economy, and collecting more taxes.

“We are expanding the legal economy and collecting more taxes. But now, if you look, Ukraine distributes about 50% of its GDP. So we are earning money and doing our job,” Sobolev added.