Business news from Ukraine

ENERGOATOM PROPOSES NCER INCLUDES UAH 4.2 BLN FOR TRANSFORMERS IN 2015-2017 INVESTMENT PROGRAMS – SOURCE

20 July , 2015  

KYIV. July 20 (Interfax-Ukraine) – National Nuclear Generating Company Energoatom has proposed that Ukraine’s National Commission for Energy, Housing and Utilities Services Regulation (NCER) includes UAH 4.167 billion (VAT inclusive) in its investment programs for 2015-2017 to replace and modernize transformers, a government source has told Interfax-Ukraine.

“The proposals are stipulated in the supplement to the 2015 Energoatom’s investment program and they have been agreed by the Energy and Coal Industry Ministry in letter No. 03/33-1124 of March 10, 2015. Now the supplement is being considered by NCER. The regulator planned to approve it at the meeting last week, but the discussion of the issue was postponed due to some reasons,” the source said.

The source said that the explanatory note to the supplement of Energoatom’s 2015 investment program states that this year the company will allocate UAH 1.996 billion to replace transformers, UAH 1.417 billion in 2016, and UAH 754.5 million in 2017.

“Energoatom plans to send the funds planned for 2015 to draw up blueprints and settle advance payments to transformer manufacturers,” the source said.