NPC Ukrenergo has completed construction and opened a new 330kV high-voltage line in western Ukraine, said Volodymyr Kudrytsky, chairman of the board of the company.
“Today is Ukrenergo’s birthday (…) It is very symbolic that on this very day we are opening a new 330 kV high-voltage line in western Ukraine. This is the first power facility that Ukrenergo completed during the war,” he wrote on his page on Facebook on Friday.
Considering the limitation of martial law, Kudrytskyi did not talk in detail about this facility, but noted that the new line will increase the reliability of the Ukrainian network in terms of synchronous operation with ENTSO-E and create opportunities for the energy system to receive additional reserves from the Dniester PSP, which means – became more flexible and stable.
“Right now, it is important for us to report that Ukrenergo is able to operate and develop networks even in wartime conditions. Our efforts are focused not only on the resumption of networks affected by hostilities, but also on construction in regions where it is possible to continue implementing new infrastructure projects,” – stressed the head of Ukrenergo.
The company’s message on the website states that the cost of the project amounted to UAH 546 million. According to her, this is 20%, or UAH 134 million, less than the initial cost of the project.
The savings were achieved due to competition in the tender, as well as mainly due to the optimization of design solutions, the company explained, pointing out that the source of funding was Ukrenergo’s tariff funds and the company’s income from the sale of access to interstate cross-sections.
They indicated that the construction of the line, which took 17 months, was provided for in a 10-year plan for the development of the transmission system.
The importance of its opening is increasing due to the gradually growing consumption of electricity in the western region, which is associated with the relocation of business along the left-bank part of Ukraine to the western regions, Ukrenergo noted.
“The new line, together with previously installed equipment, significantly increases the reliability of power supply to consumers and industry throughout the Chernivtsi region,” the company stressed.
In addition, the line is also important for balancing the energy system of Ukraine, because thanks to it, in particular, the reliability of the operation of the Dniester PSP in pumping and generating modes by three hydraulic units in the normal scheme is increased, and taking into account the future construction of another 330 kV overhead line – by four hydro units.
“To connect the line, a number of works were carried out at two substations 750 kV and 330 kV. In particular, relay protection devices, emergency automation and communication devices were replaced at the 330 kV substation, and a new 330 kV closet was built at the 750 kV substation to connect the line,” the company described the work.
The Ministry of Energy of Ukraine has terminated the powers of a member of the supervisory board of the National Power Company Ukrenergo – the representative of the state Mykhailo Ilnytsky, having appointed Oleksandr Baraniuk instead.
According to Ukrenergo’s report in the information disclosure system of the National Securities and Stock Market Commission, the order of the Ministry of Energy terminates the powers of Ilnytsky, who was in this position for 28 days. On January 5 of this year, Baraniuk was appointed a member of the Supervisory Board effective from January 6, for a period of three years.
The National Securities and Stock Market Commission has admitted green bonds of NPC Ukrenergo (ISIN 2404309754) to circulation in Ukraine, the press service of the regulator said on Friday.
According to the data on the website of the National Securities and Stock Market Commission, the ICU investment group initiated the entry of the securities; the placement will take place on the Perspektiva stock exchange.
Thus, there are already 91 foreign securities admitted to trading in Ukraine.
As reported, on November 3, NPC Ukrenergo announced the successful placement of five-year eurobonds secured by government guarantees in the amount of $825 million (equivalent to UAH 21.69 billion) with a yield of 6.875%. The order book was almost three times oversubscribed.
The placement was organized by BNP Paribas, Deutsche Bank, Goldman Sachs and Ukreximbank, and Ukrenergo’s financial and sustainable development advisors were Rothschild & Cie with FinPoint and BNP Paribas, respectively.
The European Bank for Reconstruction and Development (EBRD) has invested $75 million in green bonds of Ukrenergo.
Ukrenergo operates trunk and interstate power transmission lines, as well as centralized dispatching of the country’s Integrated Power System.
Ukraine in January-August 2021 reduced electricity exports by 17% (by 505.6 million kWh) compared to the same period in 2020, to 2.475 billion kWh, according to NPC Ukrenergo.
According to the calculations of Interfax-Ukraine, in particular, supplies from Burshtyn TPP energy island in the direction of Hungary, Slovakia and Romania decreased by 6.9% (by 124.4 million kWh), to 1.678 billion kWh.
Electricity supplies to Poland decreased by 35.6% (by 356.7 million kWh) compared to the same period last year, to 644.8 million kWh.
Electricity exports to Moldova increased by 17.2% (by 22.4 million kWh), to 152.6 million kWh.
There were no supplies to Belarus and Russia in January-August 2021 (versus 46.9 million kWh supplied to Belarus over the eight months of 2020).
In August 2021, Ukrainian electricity exports amounted to 344.1 million kWh, which is twice as much as in August 2020 (171.4 million kWh).
In addition, over the eight months of 2021, Ukraine reduced electricity imports by 44.2% (by 802.5 million kWh) compared to the same period last year, to 1.014 billion kWh. In particular, Belarus supplied 522.6 million kWh, Slovakia – 285.4 million kWh, Russia – 101.9 million kWh, Hungary – 66.4 million kWh, and Romania – 38 million kWh.
In August 2021, electricity imports amounted to 27.1 million kWh, which is 29.8% less than in August2020 (38.6 million kWh).
Within the framework of technological flows associated with the parallel operation of the integrated power system of Ukraine with the power systems of neighboring countries and power supply of dead-end areas, 37 million kWh of electricity were imported from the Russian Federation over the eight months, and 0.5 million kWh from Belarus.
Emergency supplies during this period from Slovakia amounted to 0.7 million kWh, from Belarus – 9.7 million kWh, to Belarus – 0.4 million kWh, and to Poland – 8.5 million kWh.
Ukraine in January-May 2021 reduced electricity exports by 44.5% (by 1.172 billion kWh) compared to the same period in 2020, to 1.403 billion kWh, according to data from Ukrenergo.
According to the calculations of the Interfax-Ukraine agency, in particular, supplies from the Burshtyn TPP energy island in the direction of Hungary, Slovakia and Romania fell by 1.8 times (by 769.8 million kWh), to 1.002 billion 2 kWh.
Electricity supplies to Poland almost halved (by 318.3 million kWh) compared to the same period last year, to 353.3 million kWh.
Electricity exports to Moldova decreased by 2.8 times (by 83.4 million kWh), to 46.8 million kWh.
There were no deliveries to Belarus and the Russian Federation in January-May 2021 and 2020.
In May 2021, Ukrainian electricity exports amounted to 125.1 million kWh, which is 3.7 times more than in May 2020 (460 million kWh).
In addition, Ukraine in January-May 2021 reduced electricity imports by 1.8 times (by 756 million kWh) compared to the same period last year, to 981.7 million kWh. In particular, supplies from Belarus amounted to 522.6 million kWh, Slovakia – 254.4 million kWh, Russia – 101.9 million kWh, Hungary – 66.2 million kWh, Romania – 36.6 million kWh.
As reported, in 2020 Ukraine reduced electricity exports by 26.5% (by 1.715 billion kWh) compared to 2019, to 4.754 billion kWh. Electricity export revenue decreased by 25.9% (by $97.937 million), to $280.831 million.
PrJSC Ukrenergo in 2020 received UAH 27.498 billion of net loss against UAH 1.857 billion of net profit for 2019.
According to the report published in the information disclosure system of the National Securities and Stock Market Commission, the company’s net income last year increased 2.2 times (by UAH 31.921 billion), to UAH 58.249 billion. The gross loss amounted to UAH 24.950 billion against UAH 6.052 billion in gross profit in 2019.
Earlier, Ukrenergo repeatedly noted that the operator’s main activity in transmission and dispatching in 2020 is profitable, while losses are associated with special obligations imposed on the company for the population and coverage of the feed-in tariff to the state enterprise Guaranteed Buyer, the costs of which are not fully covered by the established tariff.
Ukrenergo operates the trunk and interstate power grids, as well as the centralized dispatching of the country’s integrated power system. It belongs to the state represented by the Ministry of Finance.
