Business news from Ukraine

ENERGOATOM RAISES POWER GENERATION

Electricity production by all power plants of state-owned enterprise Energoatom in January-August 2019 increased by 0.8% (by 428.7 million kWh) compared to the same period last year, to 54.698 billion kWh.
According to the press service of the company, the plan for production of electricity for the specified period in 2019 was exceeded by 0.6%.
The power plants of the state enterprise supplied 51.385 billion kWh of electricity to the market against 51.025 billion kWh in January-August 2018.
The share of Energoatom in the overall structure of electricity production in the country amounted to 53.1%, which is 1.1 percentage points more than January-August 2018.
The volume of capital investments for the eight months amounted to UAH 6.928 billion against UAH 6.926 billion for the same period a year earlier. The financing of capital investments amounted to UAH 9.655 billion against UAH 7.878 billion respectively.
Energoatom transferred UAH 8.997 billion to the budgets of all levels, insurance payments amounted to UAH 1.709 billion.
The installed capacity utilization factor of the company’s nuclear power plants amounted to 67.6%, which is 0.5 p.p. more than in January-August 2018.
In January-August, nine violations were recorded in the operation of Ukrainian nuclear power plants (13 in the first eight months of 2018).

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STATE-OWNED ENERGOATOM AND TURBOATOM SIGN FIVE-YEAR CONTRACT FOR MODERNIZING UKRAINIAN NPPS

State-owned enterprise National Nuclear Generating Company Energoatom and JSC Turboatom (Kharkiv) signed the five year (2020-2024) program on modernizing equipment of Ukrainian nuclear power plants (NPPs) on Tuesday.
According to a press release of Energoatom, the program involves the replacement of eight turbine condensers of nuclear power reactors, including four Russian-made condensers. After replacing the condensers, the total increase in power of reactors will be about 400 MW.
The document also provides for the modernization of flowing parts of turbine cylinders with a capacity of 200 MW and 1000 MW, including five turbines with a capacity of 1000 MW as part of import substitution. Modernization includes the replacement of rotor blades on existing rotors and diaphragms, which will increase the turbine’s power and its efficiency.
It is also planned to upgrade the high-pressure cylinders of the turbines of the Zaporizhia NPP, starting in 2020. Modernization of turbines will increase the capacity and efficiency of existing reactors of Ukrainian NPPs by 10%, which will provide a power increase of 70-100 MW at each reactor.
In addition, on Tuesday in Enerhodar (Zaporizhia region), an agreement was signed between Atomkomplekt (a separate division of Energoatom) and Turboatom for the manufacture and supply of a block-modular condenser for replacing the condenser of the K K-1000-60/1500 turbine at reactor five of Zaporizhia NPP in April 2020.
The parties also discussed a long-term repair program for the replacement of used spare parts.
“Four years ago, we gave a new powerful start to our cooperation, which is not only servicing the turbine park, but also the replacement and modernization of equipment. This will allow us to increase and improve the efficiency of nuclear power plants, to increase the generation of electric energy, which is important in conditions a new market, when every additional kilowatt-hour produced gives additional income,” Energoatom President Yuriy Nedashkovsky said.
According to the CEO of Turboatom Victor Subbotin, the volume of modernization at Energoatom for five years will exceed UAH 6 billion, which is a significant contribution to the utilization of production capacities and personnel of the enterprise.

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STATE-RUN ENERGOATOM RAISES ELECTRICITY GENERATION BY 4.5%

Electricity generation by all power plants of state-owned enterprise Energoatom in January-July 2019 increased by 4.5% (2.099 billion kWh) compared to the same period of 2018, to 48.861 billion kWh.
According to the press service of the company, the target for production of electricity for this period was exceeded by 1.1%.
During this period, the power plants of the state-owned enterprise supplied 45.954 billion kWh of electricity to the market against 43.979 billion kWh in January-July 2018.
The share of Energoatom in the total structure of electricity production in the country was 53.5%.
The volume of capital investments in the seven months of 2019 amounted to UAH 5.711 billion through January-July against UAH 5.654 billion in the same period last year.
Capital investments funding amounted to UAH 8.714 billion against UAH 7.168 billion in 2018.
Energoatom in January-July transferred UAH 8.203 billion to the budgets of all levels, insurance payments amounted to UAH 1.469 billion.

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STATE-RUN ENERGOATOM SEES 2.9-FOLD DROP IN NET PROFIT IN JAN-JUNEE

The National Nuclear Generating Company Energoatom in January-June 2019 saw 2.9 times less in net profit compared to the same period in 2018 (by UAH 2.72 billion). It now totals UAH 1.114 billion.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, in January-June 2019, its net revenue totaled UAH 23.060 billion, which is 12.3% more than a year ago (UAH 28.559 billion). Gross profit of Energoatom grew by 8.4% or UAH 435.6 million, to UAH 5.601 billion.
As reported, the company in January-June 2019 increased electricity generation by 6.5% compared to the same period of 2018, to 42.776 billion kWh.
Energoatom is the operator of all four Ukrainian-based operating nuclear power plants, which have 15 VVER reactors with an overall generating capacity of 13.835 gigawatts.

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UKRAINIAN ENERGOATOM SIGNS MEMO OF COOPERATION WITH FRANCE’S TECHNETICS GROUP

National Nuclear Generating Company Energoatom and France’s Technetics Group have signed a memorandum of cooperation in the nuclear and energy sphere.
The press service of Energoatom reported that the agreement was signed on June 19, 2019 in Brussels.
During the talks, the parties pointed out their interest in establishing direct business relations between the enterprises and reached arrangements on this issue. Representatives of Energoatom notified the Technetics Group about their interest in purchasing spare parts for pipeline fittings and pneumatic power drives made by the French company.
The Technetics Group is part of the EnPro Industries group of companies. It is a large supplier of engineered industrial products, sealing solutions for nuclear energy, heat energy, semiconductor, aerospace and biomedical industries.
At the end of June, President of Energoatom Yuriy Nedashkovsky, together with CEOs of the leaders of the nuclear industry of the European Union signed a joint manifesto on preventing climate change and maintaining the economic efficiency of the EU energy industry.

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ENERGOATOM INCREASES POWER GENERATION IN JAN-APRIL

National Nuclear Generating Company Energoatom increased power generation by 9.9% year-on-year in January-April 2019, to 30.365 billion kWh, the company has said.
The electricity generation target was met by 100.3%.
Electricity sales totaled 22.294 billion kWh compared to 28.643 billion kWh in January-April 2018. Energoatom’s share of total electricity sold to Energomarket state enterprise was 56%, and the share of total electricity generation in the country was 54%.
The company sold electricity worth UAH 19.771 billion (including VAT) on the wholesale power market, which is 15.6% more than in January-April 2018.
Capital investment totaled UAH 2.112 billion compared with UAH 2.739 billion in January-April 2018.
The company sent UAH 5.637 billion to the budgets of all levels and insurance payments came to UAH 880 million.
Capacity use was 76%, which was 6.9 p.p. more than a year previously.
Five malfunctions were recorded at Ukrainian nuclear power plants in the reporting period, two less than a year ago. Radiation levels at Ukrainian NPPs were normal over the period.
Energoatom is the operator of all four Ukrainian-based operating nuclear power plants, which have 15 VVER reactors with an overall generating capacity of 13.835 gigawatts.
The company also operates the Tashlyk hydroelectric pumped storage power plant with a 302 MW capacity in a turbine mode and Oleksandrivka hydropower plant with an 11.5 MW capacity.

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