Business news from Ukraine

UKRAINE RAISES ELECTRICITY CONSUMPTION BY 1.8% IN JAN-NOV

Electricity consumption in Ukraine in January-November 2018, taking into account in-process consumption in power grids, increased by 1.8% over the same period of 2017, to 137.831 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Excluding in-process consumption, electric power consumption for this period increased 2.2%, to 110.212 billion kWh.
The industry of the country excluding in-process losses raised electricity consumption by 2.3%, to 47.407 billion kWh. In particular metallurgical industry consumed 27.013 billion kWh (2.1% more from January-November 2017), fuel some 3.22 billion kWh (2.3% less), machine building some 3.661 kWh (2% more), chemical and petrochemical some 2.883 billion kWh (10.1% more), food and processing some 4.085 billion kWh (1.7% more), construction materials some 2.116 billion kWh (1.5% more), others some 4.43 billion kWh (3.2% more).
In addition, agricultural enterprises consumed 3.523 billion kWh (5.9% more), transport some 6.272 billion kWh (1.6% less), and construction 850.3 million kWh (6.9% more).
The population of the country in January-November 2018 consumed 32.151 billion kWh (1.4% up), municipal and household consumers 13.917 billion kWh (2.8% up), other non-industrial consumers 6.091 billion kWh (6.8% more).

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INDIAN PHARMACEUTICAL PRODUCTS ACCOUNT FOR 5% OF TOTAL PHARMACEUTICAL CONSUMPTION IN UKRAINE

The Indian pharmaceutical market in Ukraine could grow by 2% in 2019, President of the Indian Pharmaceutical Manufacturers’ Association (IPMA) Dr. Menon has said at a press conference at Interfax-Ukraine. “Indian pharmaceutical products consistently rank third among importing countries in Ukraine. We are optimistic about 2019 and we expect the market of Indian pharmaceutical products to grow in Ukraine,” he said.
Indian Ambassador to Ukraine Partha Satpathy, in turn, notes that India can meet the needs of Ukraine in inexpensive and high-quality medicines.
“Indian pharmaceutical products account for only 5% of the total pharmaceutical consumption in Ukraine. This is a large amount – more than $150 million, but in today’s conditions Ukraine needs effective medicines that will not be very expensive. This is where Indian pharmaceutical manufacturers will help, whose medicines cost one-sixth, one-tenth of the western analogues. All medicines are certified by the WHO,” he said.
The ambassador also noted that India ranks first in terms of the number of GMP certified products, therefore the Indian pharmaceutical market in Ukraine should grow.

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ENERGY MINISTRY PREDICTS GROWTH OF ELECTRICITY CONSUMPTION IN 2019 BY 1.7%

The forecast balance of electricity of Ukraine for 2019 approved by Ukraine’s Energy and Coal Industry Minister Ihor Nasalyk on September 28, 2018, envisage growth of electricity consumption by 1.7% (2.5 billion kWh) compared with the projected figures for 2018, to 153.5 billion kWh.
According to the document, the export of electricity is provided in the amount of 6.42 billion kWh, which is 9.5% higher than the figure in the forecast balance of 2018 (5.855 billion kWh).
The improvement in the forecast is due to the expected growth in supplies to Moldova (a rise of 2.4%, to 1.08 billion kWh), Poland (a rise of 20%, to 1.44 billion kWh) and from Burshtyn Island ( a rise of 8.3%, up to 3.9 billion kWh).
Electricity imports in 2019, as in the current year, are not planned.
The following sources remain the main sources of covering demand for the next year: NPPs – 83.045 billion kWh (a fall of 1.5% compared with the 2018 balance), TPPs – 50.837 billion kWh (a rise of 4.1%), CHPP and cogeneration plants – 12.544 billion kWh (a rise of 6.4%), HPPs – 8.9 billion kWh ( a fall of 0.6%).
It is planned that alternative sources (wind farms, solar power plants and other plants) will increase the production of electricity by 72.4%, to 3.5 billion kWh, blocking stations – by 1.2%, to 1.626 billion kWh, while pump storage power plants’ generation will be reduced by 22.1%, to 1.412 billion kWh.

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UKRAINE BOOSTS GAS CONSUMPTION BY 4% IN 2018

Ukraine boosted natural gas consumption in January-April 2018 by 4%, or 600 million cubic meters (mcm) year-over-year, to 15.8 billion cubic meters (bcm). In particular, the industry consumed 5 bcm of gas (a 25% increase from January-April 2017), while households, municipal heat suppliers and budget organizations used 9.6 bcm (a 4% decrease), the Ukrainian Energy and Coal Ministry has said.
Some 1.2 bcm of gas was used for production and other needs (no change year-over-year). As was reported earlier, Ukraine in 2017 reduced natural gas consumption by 0.5%, or 161 mcm of gas from 2016, to 32.2 bcm.

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