Business news from Ukraine

ENERGY MINISTRY OF UKRAINE CREATING STATE-OWNED ENTERPRISE UKRVUHILLIA

The Ministry of Energy and Environment Protection is creating Ukrvuhillia state-owned enterprise. Corresponding order No. 13 of January 14, 2020 was posted on the website of the department. The document also approves the charter of the enterprise, and obliges the HR department to take measures regarding the appointment of the head of the enterprise.
The ministry said the decision to create Ukrvuhillia was made with the aim of eliminating the shortcomings of the current system of selling coal mined by state-owned coal mining enterprises, conducting a unified state policy regarding the extraction, processing and sale of coal, optimizing the structure of the procurement market, in particular imports, and creating a single platform for a rapid response to the problems of the coal industry.
The main idea of creating the enterprise is to ensure the proper and transparent functioning of the coal market, to protect Ukrainian producers from the influence of uncontrolled imports, as well as to sustainably meet the needs of domestic consumers in scarce grades of coal.

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NATIONAL COMMISSION FOR ENERGY MAKES PRELIMINARY DECISION ON CERTIFICATION OF UKRENERGO

The National Commission for Energy and Housing Utilities Regulation (NCER) has approved a preliminary decision on certification of PrJSC Ukrenergo as an independent operator of the electricity transmission system.
The corresponding document was adopted at a meeting of the regulator on October 7.
According to the previously published draft resolution, Ukrenergo by October 20 should exclude from the charter of the enterprise provisions that do not comply with the requirements of the law on the electricity market, as well as other regulatory documents regulating the energy sector.
The final decision on certification of Ukrenergo is possible after the company completes all the necessary measures specified in the preliminary decision, as well as after the Energy Community evaluates the preliminary decision.
“This is only the first step towards the certification of an independent operator. The preliminary decision will be sent to the Energy Community Secretariat, worked out, and we will expect an assessment of the document for its compliance with European law,” Oleksandr Formahei, a member of the commission, said.
As reported, in late May the NCER allowed Ukrenergo to work in the new wholesale electricity market under the old license until the company passes certification. The certification deadline is October 30, 2019, while Ukrenergo’s license is valid until this date.

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COALMINES OF DTEK ENERGY CUT PRODUCTION BY 6.8%

Coalmines of DTEK Energy in January-September 2019 produced 16.5 million tonnes of run-of-mine (ROM) coal, which is 6.8% less than in January-September 2018 (UAH 17.7 million tonnes).
According to the company’s press release, by the end of this year, DTEK Energy’s mines plan to produce a total of more than 23 million tonnes of coal.
“Successfully passing the heating period is task number one for all energy companies. DTEK, as a representative of thermal generation, accumulates sufficient coal reserves in the warehouses of thermal power plants before the start of winter. Our priority is domestic fuel. DTEK Energy’s mines produce 1.8 million tonnes per month. It is possible to achieve such indicators thanks to the hard work of our miners and constant investments in coal mining,” DTEK Energo CEO Dmytro Sakharuk said.

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PRESIDENT OF UKRAINE INVITES FOREIGN INVESTORS TO INVEST IN ENERGY, INFRASTRUCTURE, TOURISM, IT UNDER PERSONAL GUARANTEES

President of Ukraine Volodymyr Zelensky has called on international business to invest in Ukraine and presented a number of promising projects.
“We have a number of projects to which I, under my personal guarantees, the guarantees of protection, invite foreign businesses. These are energy, infrastructure, transparent land circulation,” he said at the 16th Annual Meeting of the Yalta European Strategy (YES) in Kyiv.
In particular, Zelensky presented a project on land irrigation in the southern regions of the country, an inter-university IT cluster in Kharkiv, a film production center in Kyiv, a new resort on the Black Sea coast in a completely new city, ski resorts in Slavske and Borzhava, the development of Khortytsia island, a large-scale entertainment park for guests from Eastern and Central Europe.
“This is not a complete list of reasons why we invite you to invest in Ukraine,” the president added.

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UKRAINE AND NORWAY SIGN STATEMENT ON ENERGY

Ukraine and Norway have signed a joint statement on nuclear security, “green” energy and energy efficiency, Prime Minister of Ukraine Volodymyr Groysman has said.
“During the business forum, together with head of the Norwegian government Erna Solberg, we signed a joint statement launching important energy initiatives on energy efficiency, integration into the European energy market, cooperation in nuclear safety and “green” energy,” Groysman wrote on Twitter on Monday.

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U.S. SECRETARY OF ENERGY RICK PERRY PLANS TO SPEAK TO REPRESENTATIVES OF U.S. BUSINESS, MPS IN KYIV

U.S. Secretary of Energy Rick Perry during his visit to Ukraine on Monday, November 12, will speak to representatives of U.S. business in Ukraine and members of parliament. The U.S. Embassy in Ukraine reported that on November 11, Perry will pay tribute to the memory of the Heroes of the Heavenly Hundred in Instytutska Street in Kyiv. On November 121, the secretary of energy will speak to representatives of the American Chamber of Commerce in Ukraine and the U.S.-Ukraine Business Council (USUBC) in the Intercontinental Hotel.
Perry will also make a speech, addressing people’s deputies of the Verkhovna Rada and other guests in the Diplomatic Academy.
As reported, the secretary of energy will meet Ukrainian Prime Minister Volodymyr Groysman on November 12.

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