Ukrenergo offers several options for distributing funds that will be received by the company from the sale at auctions of interstate cross-sections for commercial electricity exports to Europe, Head of the operator Volodymyr Kudrytsky said at a press conference in Kyiv on Wednesday.
According to him, the potential supply of generating capacities of Ukraine, which can be released and directed to the export of electricity, is calculated in gigawatts. At the same time, according to the current legislation, the proceeds from Ukrenergo shall be directed to the development of interconnectors.
“Given the scale of potential income, we simply won’t be able to use so many funds in the short term. In such a situation, various mechanisms for socializing this money into the energy sector are possible. For example, we have debts on the balancing market, and we can pay off debts over a certain period of time proportionally to all market participants using this money,” Kudrytsky said.
The head of Ukrenergo said that energy companies would be able to stabilize their work by using the money received to prepare for the upcoming winter, purchase fuel and carry out repairs.
National Nuclear Generating Company Energoatom has signed an export contract with the Moldovan state company Energocom, according to which it plans to supply 85,200 MWh of electricity to Moldova in June at a price of $77 per 1 MWh.
Energoatom has great potential to increase the production of electricity, so its export to Moldova, and subsequently to the neighboring EU countries, is an extremely promising area of the company’s trading activities,” the company said on its Telegram channel on Friday.
At the same time, thanks to the export, Energoatom will receive an additional source for financing of public service obligations (PSO), according to which the population is supplied with electricity.
As Energoatom said, Ukrainian exports will allow Moldova to diversify electricity supplies and strengthen the country’s energy security, since its power consumption largely depends on generation at the Moldavskaya State District Power Plant of Russia.
According to the results of daily auctions, on June 4 and on June 5, Energoatom bought 150 MW of interstate section towards Moldova on a flat schedule, another 200 MW on a flat schedule was bought by PJSC Ukrhydroenergo, which has been exporting electricity to Moldova since May 12.
Prime Minister Denis Shmygal says that by the end of the year Ukraine plans to expand the capabilities of Ukrainian energy companies, and will be able to export to the European Union about 800 MW of electricity per day.
“In mid-March, Ukraine joined the European network ENTSO-E ahead of schedule… Ukraine is already exporting its electricity to Europe,” Shmygal told a government meeting on Tuesday.
According to the Prime Minister, in April, electricity exports to Poland increased by 35% compared to pre-war January.
“By the end of the year, we plan to expand the capabilities of Ukrainian energy companies, and will be able to export to the EU about 800 MW of electricity per day. This will help Europe to abandon the consumption of Russian coal and reduce the consumption of Russian gas, “he said.
In January-April 2022, Ukraine increased its revenue from electricity exports by 2.6 times (by $87.11 million) compared to the same period in 2021, to $141.05 million, according to the State Customs Service.
According to Interfax-Ukraine estimates, over the four months, electricity was supplied to Slovakia for $48.968 million, Hungary – for $40.408 million, Romania – for $29.274 million, other countries – for $22.4 million.
In April this year, electricity export revenue amounted to $1.108 million compared to $31.125 million in April 2021.
In addition, Ukraine in January-April 2022 imported electricity for $102.114 million against $54.321 million for the same period in 2021, in particular from Belarus – for $100.414 million, Slovakia – for $873,000, Romania – for $491,000, other countries – for $336,000.
In April this year, Ukraine imported electricity for $1,000 against $6.926 million in April 2021.
Communications and power supply are still missing in the Ivankivska, Dymerska and Polesie united territorial communities of the Vyshgorodsky district of the Kiev region, previously liberated from occupation, measures are being taken to normalize the situation and restore infrastructure in them, said the head of the Kiev regional military administration Oleksandr Pavlyuk.
“The Vyshgorod, Petrovskaya and Pirnovskaya communities are unchanged, the population is provided with the necessary assistance … Slavutych still needs food and medicine,” Pavlyuk wrote in Telegram on Tuesday.
In the Buchansky and Brovarsky districts, where the fighting took place, demining and clearing work continues. Emergency teams are working to restore water, electricity and gas supply. Law enforcement officers fix the crimes caused by the invaders against the civilian population.
In Obukhovsky, Borispolsky, Belotserkovsky and Fastovsky districts of the Kiev region, according to the head of the regional administration, the situation is calm and controlled. “The sowing campaign continues. Critical infrastructure facilities are operating as usual,” Pavlyuk wrote.
Orlen Synthos Green Energy, established by the Polish PKN Orlen and Synthos Green Energy, plans to implement an investment project that will allow importing electricity from Ukraine, according to a statement on the PKN Orlen website.
“Electricity that could be transferred to Poland will come from the Khmelnytsky NPP in Ukraine. Its import based on the modernized infrastructure will help meet the needs of the Polish industry and reduce Poland’s dependence on hydrocarbon-based energy sources,” the company informed.
At the same time, Orlen Synthos Green Energy is called upon to carry out the process of technical measures necessary for the implementation of this project.
“This is another project that Orlen Synthos Green Energy plans to invest in,” PKN Orlen emphasized.
In particular, the company will also be responsible for the preparation and commercialization of micro and small nuclear reactor (MMR and SMR) technologies in Poland.
