According to Fixygen, JSC “Khmelnytskoblenergo” intends to hold a remote annual general meeting of shareholders on April 29, 2026, via a poll. The list of shareholders entitled to participate in the meeting will be compiled as of 11:00 PM on April 24. The ballot for voting on the main agenda items must be posted by 11:00 a.m. on April 17, and for cumulative voting by 11:00 a.m. on April 24; voting will conclude at 6:00 p.m. on April 29.
According to the initially published announcement, the agenda included the review of the audit reports on the 2025 financial statements, the approval of the results of financial and operational activities for 2025, the distribution of profits, the decision on dividend payments, as well as the approval of reports on the remuneration of the supervisory board and the management. The draft resolutions proposed allocating 100% of the net profit for 2025 to dividend payments and approving the total amount of annual dividends at UAH 18.62 million.
The agenda was later expanded at the suggestion of the shareholder JSC “Ukrainian Distribution Networks,” which holds 70.0089% of the company’s voting shares. It additionally included items regarding amendments to the charter in a new version, the repeal of the provisions on the supervisory board, termination of the powers of the current members of the supervisory board, election of new members, approval of the terms of civil law contracts with its members, as well as amendments to the Unified State Register (USR) to exclude information regarding the Ministry of Energy of Ukraine as the body managing the state’s corporate rights, since, as stated in the draft resolution, the state does not own any shares in the company.
JSC “Khmelnytskoblenergo” is registered in Khmelnytskyi, and its primary activity is electricity distribution. According to Opendatabot, the company’s revenue in 2025 amounted to UAH 4.974 billion, net profit to UAH 979.984 million, assets at year-end to UAH 7.463 billion, and authorized capital to UAH 33.64 million; Sviatoslav Kozlenko is listed as the CEO. According to SMIDA data as of the end of the fourth quarter of 2025, the company’s largest shareholder is JSC “Ukrainian Distribution Networks” with a 70.0089% stake, another 11.4657% is owned by PrJSC “Rivneoblenergo,” and 6.7457% by DTEK Grids B.V.
JSC Khmelnytskoenergo will hold an extraordinary general meeting of shareholders on February 27, 2026, remotely in the form of a poll, according to a published announcement.
The list of shareholders eligible to participate will be compiled on February 24 (at 23:00). Ballots will be accepted from 11:00 on February 17 to 18:00 on February 27, and the ballot for the election of candidates to the company’s bodies is scheduled to be posted on February 23.
The agenda includes the termination of the powers of the current supervisory board, the election of a new composition, the approval of the terms of contracts with members of the supervisory board and the amount of their remuneration, as well as compensation for the costs of organizing the meeting.
JSC Khmelnytskoblenergo is the operator of the electricity distribution system in the Khmelnytskyi region; Ukrainian Distribution Networks owns 70.0089% of the company’s shares.
Representatives of JSC Khmelnytskoblenergo and French EDF International Networks have agreed on the technical parameters for the modernization of power grid equipment as part of the development of design and estimate documentation for the grant project for the transition to 20 kV.
“The modernization envisages the transfer of power grids to 20 kV, which meets EU standards and will improve the reliability of electricity distribution. Funding in the amount of EUR 13 million is provided by a grant from the French government,” Khmelnytskoblenergo said on its website on Monday.
As noted in the company, Khmelnytskoblenergo and EDF continue to implement a EUR13 million project to increase the resilience of electricity distribution networks. The essence of the project is to modernize and digitalize power grids, substations, distribution points, and change the grid voltage from 10 to 20 kV.
“This is the only such project in Ukraine that will be implemented with grant funds,” the regional power company added.
Within the framework of the project, preliminary designs of 0.4/20 kV substations and networks have already been approved, a geodetic survey of the design zone of networks and substations has been conducted, and the criteria and requirements for protecting data transmission channels have been determined.
According to the project, power grids will be switched to 20 kV within the selected location, which will significantly improve the reliability of electricity distribution for 19 thousand customers. Two 10/20 kV transformers will be installed at the two substations, and one 20 kV switchgear will be installed at each substation. It is estimated that 50 km of 20 kV cable lines will be laid and 82 transformer substations will be converted to 20 kV. Fiber-optic lines will be laid alongside the cables to build an efficient telemetry system that will display information at the dispatcher’s workstation.
According to Yuriy Mayevsky, First Deputy CEO of Khmelnytskoblenergo, working meetings between his company and EDF take place several times a week in the course of the project.
“We have put a lot of effort into the preparation and implementation of the project. It will be important for the development of Ukraine’s entire energy sector using modern European technologies. As a result, a clear plan for the modernization and development of the region’s power grids will be formed. And this will become an example for other regions of the country,” he said.
Khmelnytskoblenergo reminded that the grant project is being implemented under an agreement between the governments of Ukraine and France to promote the restoration and support of critical infrastructure and priority sectors of the economy, and is also aimed at implementing a memorandum between the Ministry of Energy of Ukraine and EDF International Network.
https://interfax.com.ua/news/economic/1131052.html
The total volume of repairs carried out by JSC Khmelnytskoblenergo over nine months of 2025 amounted to UAH 76.3 million, according to the distribution system operator in the Khmelnytskyi region.
According to Sviatoslav Kozlenko, head of Khmelnytskoblenergo, as quoted in the company’s Facebook post, the company’s priority is to introduce modern equipment and technologies that allow it to automatically localize damaged sections of the network and instantly reconnect consumers from backup lines, which is a key element of a reliable and modern distribution system.
According to the post, approximately 700 transformer substations and distribution points were repaired, which is twice the planned volume and became an important part of the preparation for the winter season.
In addition, OSR specialists also repaired, in particular, 262 6-20 kV power transformers, 972 km of overhead power lines, including replacing 1,206 poles and nearly 6,000 insulators with new ones, restored 299 damaged 0.4-10 kV cable lines, and cleared 2,683 km of power line routes of branches.
It is noted that more than 150 km of modern self-supporting insulated wire was installed on 0.4-20 kV lines, which significantly reduces the risk of short circuits, and 2,291 insulated inputs to residential buildings were installed. Also, according to the company, 29 modern vacuum circuit breakers were installed instead of the planned 3, more than 2,050 voltage limiters instead of the planned 600, and 29 relay protection and automation devices.
“The volume of work for the first three quarters of 2025 exceeded the planned volume by 10-15%,” Khmelnytskoenergo specified.
The company noted that some of the equipment—transformers, circuit breakers, insulators, and cable and wire products—was provided to the enterprise by international donors, including through the Energy Support Fund of Ukraine.
As reported, JSC Khmelnytskoblenergo, 70% of whose shares are owned by the state, is part of the state-owned group JSC Ukrainian Distribution Networks.
JSC “Khmelnytskoblenergo” made a clean sweep of the “Activity” ratio in the rating “Transparency and financial sustainability of state-owned enterprises in Ukraine”, created by Institute of Economic and Social Reforms (INEKO), based in Bratislava, Slovakia. Khmelnytskoblenergo beat the competition of 50 SOEs badly, securing the 1st place with the 9.2 pts. (out of 10), while the 2nd place got only 7.0 pts.
The rating was created by two think tanks, Institute for Economic and Social Reforms in Slovakia (INEKO) and the International Center for Policy Studies (ICPS), Ukraine. US Embassy in Ukraine and SlovakAid provided support for the project.
According to the methodology of the rating, the “Activity” ratio demonstrates “the efficiency of a company in its everyday business operations” and consists of Working Capital Turnover Ratio and Accounts Receivable Turnover Ratio.
Khmelnytskoblenergo also finished 8th on the “financial sustainability” and 6th on the “transparency” scale among the 50 companies analyzed.
The evaluation criteria for the Transparency scale were, according to the rating methodology, transparency and access to information, economic indicators, public procurement and property, human resources policy, ethics and conflict of interests, grants and charity policy.
According to Oleg Kozachuk, Acting CEO of Khmelnytskoblenergo, this is the recognition of the Khmelnytskoblenergo efficiency: “That’s the result of 4 years of hard work of the whole team – company’s management and almost 3,000 employees”.
Rating “Transparency and financial sustainability of state-owned enterprises in Ukraine” has been created as a part of the “Strengthening democratic stability of key state institutions in Ukraine” project by International Center for Policy Studies (ICPS) and Institute of Economics and Social Reforms in Slovakia (INEKO) with the support of US Embassy in Ukraine and SlovakAid.
JSC “Khmelnitskoblenergo” Electricity distribution service operator (DSO) in Khmelnytsk region, 70% of the company’s shares belong to the state, other 30% – to private legal entities and individuals. The company’s net profit in 2019 amounted to UAH 85.7 million, which is more than the profit of all state electricity DSOs in Ukraine combined. Dividends on the state share for 2019 amounted to about UAH 30 million.
PJSC Khmelnytskoblenergo, according to preliminary data, doubled its net profit (by UAH 42.9 million) in 2019 compared to 2018, to UAH 85.711 million.
According to the statement on the website of Khmelnytskoblenergo on Thursday, Mach 26, about holding a general meeting of the company’s shareholders scheduled for April 30, 2020, its assets grew by 2.26%, to UAH 2.507 billion, fixed assets by 4.7%, to UAH 2.150 billion in 2019.
The meeting’s agenda contains four scenarios for the distribution of the company’s profits: it is proposed to pay 30%, 50%, 75% or 90% of these funds in dividends. The remaining funds should be allocated to replenishment of the company’s reserve capital (5%), replenishment of the fund for the company’s technical re-equipment or to the implementation of the expenses stipulated by the 2020 financial plan, depending on the amount of dividends.
The shareholders will also have to consider, in particular, the issue of granting consent to the alienation of the company’s share of 100% in the charter capital of Khmelnytskenergozbut LLC by selling at auction in ProZorro.Sale system.
The shareholders also intend to update the supervisory board and the audit committee, to amend the charter and to elect an external auditor of the company.
