Business news from Ukraine

State-owned energy trader ECU doubles electricity imports to support Ukraine’s power system

JSC Energy Company of Ukraine (ECU) is increasing electricity imports from the EU to compensate for losses in the Ukrainian power grid due to hostile attacks. Starting from mid-March, the daily volume of imports by the state-owned trader has increased by an average of 2 times.

The company continues to import electricity from Slovakia and Romania, and in March it also started supplying electricity from Hungary. Today, the company is the second largest importer of electricity in Ukraine.

“Over the past two years, Ukraine, together with the EU, has significantly increased its technical and organizational capabilities for electricity imports, which now plays a crucial role in the stable energy supply of consumers,” said Vitaliy Butenko, CEO of the Energy Company of Ukraine. “Given the continuing massive attacks on energy facilities, the Government of Ukraine continues to actively cooperate with European partners to obtain additional import opportunities.

Reference

Energy Company of Ukraine (ECU) is a national energy trading company that offers comprehensive solutions for the purchase, sale and management of energy resources. The company was established in 2022 without attracting or transferring state assets or property. Revenues are generated by high-tech trading products and instruments.

The company is one of the TOP-5 traders in Ukraine in terms of electricity sales, a leader in cross-border energy trading, and a TOP-2 trader of green electricity.

The company established the first state-owned balancing group of electricity market participants, which is now the second largest in Ukraine. The company’s customers generate 10% of Ukraine’s GDP. The company is 100% owned by the state.

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Generation distribution in power system of Ukraine in 2022

Generation distribution in power system of Ukraine in 2022
Source: Open4Business.com.ua and experts.news

Two nuclear power plants in Ukraine urgently disconnected from country’s power system

The Pivdenno-Ukrainian and Khmelnytskyi nuclear power plants have been disconnected from the energy system due to missile attacks on the power facilities by the Russian occupants.
“Pivdenno-Ukrainian NPP – Emergency shutdown of power units,” MP Alexei Goncharenko said in his Telegram channel on Wednesday.
“Stopping the units. There is no electricity, water, possibly heat,” wrote the mayor of Netishin, a satellite town of the Khmelnytsky NPP, Alexander Suprunyuk in his Facebook.
As reported, the NEC “Ukrenergo” confirmed the missiles hit a number of power facilities on Wednesday and the emergency blackouts across Ukraine.

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UKRAINE’S POWER SYSTEM WORKS AS USUAL

Ukraine’s power system is operating normally, the availability of the necessary energy resources is fully ensured, the Ministry of Energy reported on its website on Thursday.
According to the ministry, security measures have been strengthened at all facilities, and the stability of the operation of enterprises and grids in the energy sector is being systematically monitored.
“Today, the IPS of Ukraine [Integrated Power System of Ukraine] and the Burshtyn TPP Island are synchronized into one power system, which operates autonomously from Russia and Belarus in a single control unit with the power system of Moldova,” the ministry recalled.
According to the report, the Ministry of Energy is currently setting itself the key task of providing Ukrainians, and primarily the Ukrainian military, with electrical and thermal energy.

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NATIONAL ENERGY COMPANY UKRENERGO TO DISCUSS PLAN HOW TO DEVELOP POWER SYSTEM ON MAY 18

National energy company Ukrenergo on May 18, 2018 is to discuss the plan for developing the power transmission system for 2019-2028 in public, the company’s press service has reported. The draft plan has been posted on the website of Ukrenergo. The document contains a list of security measures for supplies of electricity, the list of facilities of the transmission system which should be built and reconstructed in coming 10 years, data on the projects to modernize the power transmission system being implemented or approved for the implementation.
Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the united energy system in the country. The company is a state-owned enterprise, it is subordinate to the Ministry of Energy and Coal Industry, but by the end of 2018 the company is to be reorganized into a private joint-stock company.

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