PJSC Cherkasyoblenergo has allocated UAH 142 million to support the Armed Forces of Ukraine (AFU) since the beginning of the full-scale Russian invasion.
“UAH 120 million is direct assistance to military units, another UAH 22 million are payments to employees defending Ukraine as part of the AFU,” the company said in a press release on Thursday.
It is specified that the total amount of assistance for 700 days of the big war is more than 20 cars, 3 pickup trucks, more than 20 quadrocycles, almost 50 quadrocopters, more than 70 thermal imagers, 18 thermal sights, 20 optical devices, more than 60 gasoline and diesel generators, chainsaws, intercom radios, solar panels, kamikaze drones, equipment, medical drugs and devices and other necessary things.
In addition, the company also makes monthly payments of 10 thousand UAH of material aid to 156 employees of the company who defend Ukraine as part of the AFU. In 2023, the company paid a total of about 22m hryvnias of such assistance.
PJSC “Cherkassyoblenergo” in the first half of 2023 in preparation for the fall-winter period repaired more than 430 overhead power lines 0,4-20 kW and 35-154 kV, as well as 96 transformer substations, the press service reported.
As noted in its release on Thursday, in addition, 64 6-20 kV transformers have been repaired and put in proper condition, 187 damaged cable lines with voltage above 1,000 V have been restored, and about 1,800 km of overhead lines have been cleared.
“Currently, all planned tasks are performed in a timely manner and in full, so tentatively the work will be completed before the start of the heating season,” commented Oleg Samchuk, Chairman of the Board of PJSC PJSC, whose words are quoted in the release.
The press service added that the accumulation of emergency stocks of materials and equipment continues.
The Economic Court of Cherkasy region in a full decision dated February 20, 2023 granted the claim of PJSC Cherkasyoblenergo to invalidate the purchase and sale contracts of Steblevskaya and Korsun-Shevchenko HPPs between the company and the foreign economic association Novosvit in 2015.
“The property complexes of Steblevskaya HPP and Korsun-Shevchenko HPP were alienated under the disputed contracts without holding an auction, without notifying the State Property Fund of Ukraine in order to conceal illegal transactions, which resulted in significant damage to PJSC Cherkasyoblenergo and the state”, – says the court decision.
As follows from the document, assessment of the property alienated under the disputed agreements to determine its market value, in violation of the requirements of the law “On Joint Stock Companies” and the charter of “Cherkassyoblenergo” was carried out without decision of the Supervisory Board of the company to involve a subject of evaluation activities, without approval of the terms of the contract with him and establishing the amount of his services payment, as well as approval of the market value of property.
“As a result of illegal appraisal of the property of the Stebleva HPP and the Korsun-Shevchenko HPP as integral property complexes, the acting Chairman of the Company’s Board S.A. Kuzminska, who concluded the disputable contracts on behalf of Cherkasyloblenergo, artificially underestimated the market value of these two HPPs in order to avoid the prohibition, provided by the PJSC Charter, for her own decision on transactions with property with a market value of over 5% of the company assets”, the court decision says.
According to the document, the Main Investigation Department of the National Police of Ukraine is currently conducting a pre-trial investigation into the criminal proceedings on the embezzlement of property of Cherkasyoblenergo on a particularly large scale, during which the conclusion on November 6, 2015 between Cherkasyoblenergo represented by S.A. Kuzminskaya and the foreign economic association Novosvit in violation of the requirements of current legislation and the charter of the PJSC.
According to the lawyer of the company “Tsypin and Partners” Marina Sutkovych, who represented the interests of “Cherkassyoblenergo” in court, the total amount of losses of the company as a result of the purchase and sale of two hydroelectric power plants amounted to 139,5 million UAH.
At the beginning of 2022, 46% of Cherkassyoblenergo shares were transferred from the State Property Fund to the Ministry of Energy. Another 25% of shares are managed by Ukrainian Energy Saving Service Company PJSC (UkrEsco).
JSC Cherkasyoblenergo intends to build two overhead power grids of 150 kV for connecting Greenteco LLC solar power station with a capacity of 55.4 MW (Chyhyryn district of Cherkasy region) to the 150/35/10 kV Orbita substation, according to the website of the unified register of environmental impact assessment.
It is also planned to reconstruct the 35 kV PRK-1 and PRK-2 grids to transfer them to a power of 150 kV.
Greenteco solar plant belongs to the Norwegian company Scatec Solar.
As reported, in July the European Bank for Reconstruction and Development issued a loan of EUR19.7 million to Greenteco solar plant for the construction of a solar station. The total project cost is EUR56.2 million.
In 2018, Scatec Solar established and acquired about half a dozen companies in Ukraine to carry out its solar plant construction projects. The company plans by 2020 to build about 400 MW of capacity in Ukraine.
