Business news from Ukraine

Energoatom increased revenue from electricity sales by 30%

In 2023, NNEGC Energoatom increased its revenue from electricity sales by 30% (by UAH 44 billion) compared to last year – up to UAH 190.7 billion, the company reported on its Telegram channel.

“Of these funds, more than UAH 124.4 billion was paid as part of the PSO, or in other words, to maintain low tariffs for the population,” the company said in a statement.

The company’s revenue quadrupled from 2020 (UAH 48.1 billion) to 2023. At the same time, over the same period, the growth in the cost of electricity production amounted to 26.6%.

In 2024, NNEGC plans to increase its revenue by one third compared to the current year – up to UAH 253.3 billion.

“Despite wartime, a significant reduction in electricity consumption and the loss of capacity at the temporarily occupied Zaporizhzhya NPP, we managed to implement a set of measures to improve the economic efficiency of Energoatom’s operations. This is what allows the state to maintain low electricity tariffs for the population,” NNEGC President Petro Kotin said in a statement.

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“Energoatom” and American Holtec plan to establish joint venture

NNEGC Energoatom and Holtec International plan to establish a joint venture to organize a production complex and a technology center in Ukraine to localize equipment for small modular reactors (SMR) of the American company.

According to NNEGC’s post on Telegram, the facility will house an engineering and design center, storage facilities for materials and component production, as well as training facilities, including an SMR simulator.

The production is expected to create thousands of jobs for qualified Ukrainian personnel.

“The introduction of advanced technologies and the construction of modern Holtec production facilities in Ukraine will be of great importance for the post-war economic recovery of our country. Cooperation with Holtec gives Ukraine the opportunity to become a leader in the global nuclear energy sector,” Energoatom President Petro Kotin was quoted as saying in the statement.

“We believe that Ukraine has demonstrated its ability to build and commission a powerful nuclear facility, despite the continuous barrage of Russian missiles. Therefore, Ukraine’s recovery can begin without waiting for the end of hostilities,” said Holtec President and CEO Dr. Chris Singh.

As reported, in November 2022, Ukraine and the United States announced a project to build an SMR in Ukraine. In addition to generating electricity using SMR and advanced electrolysis technologies, the country also plans to produce pure hydrogen and ammonia.

In April 2023, Energoatom and Holtec signed a cooperation agreement on SMR deployment, which envisages the construction of up to 20 SMR-160 light water reactors, with the implementation of the first pilot project and reaching the minimum regulated reactor power and grid connection by March 2029.

Holtec also announced plans to organize facilities in Ukraine to train personnel, transfer the necessary technologies, manufacture and maintain SMR equipment. “Ukrenergo has already recommended 16 TPP sites where they could be located.

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State Company Energoatom announced tender for liability insurance

State enterprise NAEK Energoatom on December 6 announced a tender for compulsory insurance of civil liability of business entities for damage that may be caused by fires and accidents at high-risk facilities, including fire-hazardous facilities and facilities whose economic activities may lead to accidents of environmental and sanitary-epidemiological nature.

As reported in the e-procurement system Prozorro, the expected cost of services is UAH 10,404 thousand.

Applications for participation in the tender are accepted until December 14.

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“Energoatom” has announced tender for MTPL insurance

On August 15, the state-owned enterprise NAEK Energoatom (Kyiv) announced a tender for compulsory motor third party liability insurance for owners of land vehicles (MTPL).

As reported in the Prozorro electronic public procurement system, the total expected cost is UAH 99,944 thousand.

The deadline for submitting tender documents is August 23.

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“Energoatom” announces tender for motor vehicle liability insurance

On July 26, Energoatom (Kyiv) announced a tender for compulsory motor vehicle liability insurance for owners of land vehicles.

According to the Prozorro electronic public procurement system, the total expected cost is UAH 99.944 thousand.

The deadline for submitting documents for the tender is August 4.

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“Energoatom” announced tender for CMTPL insurance

The state enterprise “NAEK “Energoatom” (Kiev) on June 29 announced a tender for compulsory motor third party liability insurance of owners of land vehicles (MTPL).
As reported in the electronic public procurement system Prozorro, the total expected cost of 1.083 million UAH.
The deadline for submission of documents for the tender is July 11

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