Business news from Ukraine

ENERGOATOM SIGNS MEMO WITH H2 ON BUILDING DATA CENTER FOR $700 MLN

Acting President of National Nuclear Generation Company Energoatom Petro Kotin and the H2 company have signed a memorandum of cooperation on the construction of a computing data center near Zaporizhia Nuclear Power Plant (NPP), the press service of Energoatom said on Thursday, August 20.
According to the press service, the data center will become one of the largest in Europe, and the investment will amount to $700 million.
The press service reported that the document signing took place in presence of President of Ukraine Volodymyr Zelensky during his working trip to Zaporizhia region.
In turn, PrJSC Ukrhydroenergo during the same visit of the president announced the signing of a memorandum of cooperation with H2 LLC on the construction of a hydrogen electrolysis plant.
The expected investments in the project may amount to about EUR 300 million. The cooperation envisages “the construction of production facilities with constant electricity consumption”.
As reported, during his working trip to Zaporizhia on August 19, Zelensky attended the presentation of an action plan for the implementation of the Development Strategy of Zaporizhia region for the period until 2027, which provides, in particular, for the construction of data centers.
During a meeting with Acting Energy Minister Olha Buslavets in early August, Director of H2 LLC Andriy Zhovner and CEO of Yom Capital Ltd Walter Komarek voiced their interest in building a hydrogen plant and a data center in Ukraine.
Investors, in particular, are interested in the southern region of Ukraine, where there is a significant surplus of electricity, cooperation with NNPGC and PJSC Ukrhydroenergo.

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ENERGOATOM DECREASES POWER GENERATION BY 1.6%

Electricity generation by all power plants of state-owned enterprise Energoatom in 2019 decreased by 1.6% (by 1.398 million kWh) compared to 2018, to 83.228 billion kWh.
According to the press service of the company, the plan for production of electricity in 2019 was exceeded by 1.8%. The share of Energoatom in the overall structure of electricity production in the country amounted to 54.1%, which is 1 percentage points more than in 2018.
The power plants of the state enterprise supplied 78.199 billion kWh of electricity to the market, which is 1.77% less than in 2018.
The volume of capital investments in 2019 amounted to UAH 14.083 billion. The financing of capital investments amounted to UAH 14.258 billion.
Energoatom transferred UAH 16.706 billion to the budgets of all levels, and insurance payments amounted to UAH 2.592 billion.
The installed capacity utilization factor of the company’s nuclear power plants amounted to 68.5%, which is 1.1 p.p. more than in 2018.
In 2019, 13 violations were recorded in the operation of Ukrainian nuclear power plants (nine less than in 2018).
Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates 15 power units equipped with water-cooled power reactors with a total installed electric capacity of 13.835 GW.

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ENERGOATOM REDUCES ELECTRICITY PRODUCTION BY 2.2%

Electricity production by all power plants of state enterprise Energoatom in January-November 2019 decreased by 2.2% (by 1.656 billion kWh) compared to the same period of the previous year, to 74.889 billion kWh.
According to the press service of the company, the plan for the production of electricity for the specified period in 2019 was overfulfilled by 1.4%.
The share of Energoatom in the overall structure of electricity production in the country amounted to 53.6%, which is 0.2 percentage points more than in January-November 2018.
The power plants of the state enterprise for the reporting period supplied 70.34 billion kWh, which is 2.3% less than a year earlier.
The volume of capital investments for the 11 months amounted to UAH 12.094 billion against UAH 10.069 billion. in January-November 2019, financing of capital investments totaled UAH 12.957 billion against UAH 10.798 billion.
During the reporting period, the company transferred UAH 12.328 billion to the budgets of all levels, insurance payments amounted to UAH 2.343 billion.
Some 12 violations were recorded in the operation of Ukrainian nuclear power plants for the 11 months of 2019 against 20 violations for the 11 months of 2018.

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ENERGOATOM REDUCES ELECTRICITY PRODUCTION BY 2%

Electricity production by all power plants of state enterprise Energoatom in January-October 2019 decreased by 1.9% (by 1.3 billion kWh) compared to the same period of the previous year, to 67.271 billion kWh.
According to the press service of the company, the plan for production of electricity for the specified period in 2019 was exceeded by 1.6%.
The share of Energoatom in the overall structure of electricity production in the country amounted to 53.1%, which is 0.1 percentage points less than in January-October 2018.
The power plants of the state enterprise for the reporting period supplied 63.170 billion kWh, which is 2% less than a year earlier.
The volume of capital investments for the ten months amounted to UAH 10.253 billion against UAH 9.270 billion. in January-October 2019, financing of capital investments was UAH 12.465 billion against UAH 9.983 billion.
During the reporting period, the company transferred UAH 12.205 billion to the budgets of all levels, insurance payments amounted to UAH 2.109 billion.

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STATE-RUN ENERGOATOM DOUBLES NET PROFIT

National Nuclear Generating Company Energoatom in January-September 2019 doubled net profit year-over-year, to UAH 4.251 billion.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue grew by 10.4%, to UAH 34.774 billion, and gross profit – by 10.8%, to UAH 8.082 billion.
As reported, in January-September 2019, Energoatom reduced electricity production by 0.5% (323.1 million kWh) compared to the same period in 2018, to 60.729 billion kWh. Power plants of Energoatom during this period released 57.02 billion kWh to the market compared with 57.376 billion kWh a year earlier.
In 2018, Energoatom increased its net profit by 21.2% compared to 2017, to UAH 4.632 billion, net income by 14.5%, to UAH 44.055 billion.
Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates 15 power units equipped with water-cooled power reactors with a total installed electric capacity of 13.835 GW.

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STATE-RUN ENERGOATOM DECREASES POWER GENERATION BY 0.5%

Electricity generation by all power plants of state-owned enterprise Energoatom in January-August 2019 decreased by 0.5% (by 323.1 million kWh) compared to the same period last year, to 60.729 billion kWh.
According to the press service of the company, the plan for production of electricity for the specified period in 2019 was exceeded by 0.9%.
The power plants of the state enterprise supplied 57.02 billion kWh of electricity to the market compared with 57.376 billion kWh in January-September 2018.
The share of Energoatom in the overall structure of electricity production in the country amounted to 53.2%, which is 0.5 percentage points more than January-September 2018.
The volume of capital investments for the nine months amounted to UAH 8.172 billion compared with UAH 8.1 billion for the same period a year earlier. The financing of capital investments amounted to UAH 10.739 billion compared with UAH 8.599 billion respectively.
Energoatom transferred UAH 9.55 billion to the budgets of all levels, insurance payments amounted to UAH 1.928 billion.
The installed capacity utilization factor of the company’s nuclear power plants amounted to 66.8%, which is 0.4 p.p. more than in January-September 2018.
In January-August, 10 violations were recorded in the operation of Ukrainian nuclear power plants (16 in the first nine months of 2018).
Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates 15 power units equipped with water-cooled power reactors with a total installed electric capacity of 13.835 GW.

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