Business news from Ukraine

UKRAINE SIGNIFICANTLY CUTS ELECTRICITY EXPORT

Ukraine in January-August 2021 reduced electricity exports by 17% (by 505.6 million kWh) compared to the same period in 2020, to 2.475 billion kWh, according to NPC Ukrenergo.
According to the calculations of Interfax-Ukraine, in particular, supplies from Burshtyn TPP energy island in the direction of Hungary, Slovakia and Romania decreased by 6.9% (by 124.4 million kWh), to 1.678 billion kWh.
Electricity supplies to Poland decreased by 35.6% (by 356.7 million kWh) compared to the same period last year, to 644.8 million kWh.
Electricity exports to Moldova increased by 17.2% (by 22.4 million kWh), to 152.6 million kWh.
There were no supplies to Belarus and Russia in January-August 2021 (versus 46.9 million kWh supplied to Belarus over the eight months of 2020).
In August 2021, Ukrainian electricity exports amounted to 344.1 million kWh, which is twice as much as in August 2020 (171.4 million kWh).
In addition, over the eight months of 2021, Ukraine reduced electricity imports by 44.2% (by 802.5 million kWh) compared to the same period last year, to 1.014 billion kWh. In particular, Belarus supplied 522.6 million kWh, Slovakia – 285.4 million kWh, Russia – 101.9 million kWh, Hungary – 66.4 million kWh, and Romania – 38 million kWh.
In August 2021, electricity imports amounted to 27.1 million kWh, which is 29.8% less than in August2020 (38.6 million kWh).
Within the framework of technological flows associated with the parallel operation of the integrated power system of Ukraine with the power systems of neighboring countries and power supply of dead-end areas, 37 million kWh of electricity were imported from the Russian Federation over the eight months, and 0.5 million kWh from Belarus.
Emergency supplies during this period from Slovakia amounted to 0.7 million kWh, from Belarus – 9.7 million kWh, to Belarus – 0.4 million kWh, and to Poland – 8.5 million kWh.

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UKRAINE IN JAN-MAY REDUCES ELECTRICITY EXPORT BY 44%

Ukraine in January-May 2021 reduced electricity exports by 44.5% (by 1.172 billion kWh) compared to the same period in 2020, to 1.403 billion kWh, according to data from Ukrenergo.
According to the calculations of the Interfax-Ukraine agency, in particular, supplies from the Burshtyn TPP energy island in the direction of Hungary, Slovakia and Romania fell by 1.8 times (by 769.8 million kWh), to 1.002 billion 2 kWh.
Electricity supplies to Poland almost halved (by 318.3 million kWh) compared to the same period last year, to 353.3 million kWh.
Electricity exports to Moldova decreased by 2.8 times (by 83.4 million kWh), to 46.8 million kWh.
There were no deliveries to Belarus and the Russian Federation in January-May 2021 and 2020.
In May 2021, Ukrainian electricity exports amounted to 125.1 million kWh, which is 3.7 times more than in May 2020 (460 million kWh).
In addition, Ukraine in January-May 2021 reduced electricity imports by 1.8 times (by 756 million kWh) compared to the same period last year, to 981.7 million kWh. In particular, supplies from Belarus amounted to 522.6 million kWh, Slovakia – 254.4 million kWh, Russia – 101.9 million kWh, Hungary – 66.2 million kWh, Romania – 36.6 million kWh.
As reported, in 2020 Ukraine reduced electricity exports by 26.5% (by 1.715 billion kWh) compared to 2019, to 4.754 billion kWh. Electricity export revenue decreased by 25.9% (by $97.937 million), to $280.831 million.

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STATE-RUN UKRENERGO POSTS NET LOSS OF UAH 27.5 BLN IN 2020

PrJSC Ukrenergo in 2020 received UAH 27.498 billion of net loss against UAH 1.857 billion of net profit for 2019.
According to the report published in the information disclosure system of the National Securities and Stock Market Commission, the company’s net income last year increased 2.2 times (by UAH 31.921 billion), to UAH 58.249 billion. The gross loss amounted to UAH 24.950 billion against UAH 6.052 billion in gross profit in 2019.
Earlier, Ukrenergo repeatedly noted that the operator’s main activity in transmission and dispatching in 2020 is profitable, while losses are associated with special obligations imposed on the company for the population and coverage of the feed-in tariff to the state enterprise Guaranteed Buyer, the costs of which are not fully covered by the established tariff.
Ukrenergo operates the trunk and interstate power grids, as well as the centralized dispatching of the country’s integrated power system. It belongs to the state represented by the Ministry of Finance.

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STATE-RUN UKRENERGO NEEDS TO BORROW UAH 11.3 BLN

NPC Ukrenergo needs to attract UAH 11.3 billion under government guarantees for paying to electricity producers from renewable energy sources (RES) and state-owned generating companies, acting Energy Minister Yuriy Boiko has said.
“The debt to be paid off to the green power companies is UAH 9 billion, and according to our estimates, in order to maintain parity, the volume of funds raised will amount to UAH 11.3 billion,” he said at a press conference in Kyiv on Thursday.
At the same time, according to him, it is necessary to “repay debts in a balanced way”, which means their repayment both to RES producers and to state-owned generating companies involved in public service obligations (PSO).
He said that the bill No. 4119, which provides for Ukrenergo to receive government guarantees for loans to pay to the green power companies, is waiting for the president’s signing and will allow attracting the necessary loan.
“We are now on a schedule being realistic in terms of attracting loans,” Boiko said.
He also said that the current payments to RES producers will be provided, stressing that in August and September, the full payment to renewable energy generation has already been provided.

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UKRENERGO BEGINS RECONSTRUCTION OF SUBSTATIONS IN WESTERN UKRAINE

National Energy Company Ukrenergo began reconstruction of six substations in the western region of the country׃ Ivano-Frankivsk, Bohorodchany, Rivne and Kovel with a voltage of 330 kV, as well as Kalush and Boryslav with a voltage of 220 kV for the funds of the International Bank for Reconstruction and Development (IBRD) with a total of EUR 60 million.
According to the press service of Ukrenergo, the implementation of this project will enable to increase the reliability of the region’s transmission system, reduce technological losses of electricity and operating costs, transfer substations to automated work with the possibility of remote control from the main dispatch center.
“The reconstruction of these substations is financed by the International Bank for Reconstruction and Development within the framework of the Second Power Transmission Project. It should be noted that this is an additional component of the project, the implementation of which became possible due to significant savings achieved during the international public bidding for the basic volume of the project,” Investment Director of Ukrenergo Oleh Pavlenko said.
Reconstruction of six substations provides, in particular, the complete replacement of 330-110 kV switchgears at all substations, the installation of an automated process control system (APCS) for remote monitoring and control of substation equipment, the construction of new premises for relay protection of equipment and general control points of a substation.
As part of the work, contracts were signed with three foreign companies: Chinese-based Xian Electric Engineering Co. Ltd, the Turkish consortium Balikesir Elektromekanik Sanayi Tesisleri A.S. and BEST Elektrik Taahhut Ve Ticaret A.S., as well as with the Kazakh ASPMK-519.
The work is being carried out within the framework of a comprehensive substation automation program, which provides for the reconstruction of all Ukrenergo substations with the introduction of automated process control systems.
The program is aimed at improving the reliability of the power transmission system, creating a technical base for introducing smart grid technology in backbone networks, ensuring the level of reliability and security of the network in accordance with the ENTSO-E requirements.
At the first stage, 57 substations will be reconstructed by 2025, which are formed into nine investment packages. Four more investment packages provide for the reconstruction of 38 substations.

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STATE-OWNED ENERGOATOM AND UKRENERGO COMPLETE NEXT STAGE OF PREPARATION FOR SYNCHRONIZATION OF UKRAINE’S ENERGY SYSTEM WITH ENTSO-E

After tests at power unit No. 3 of Yuzhnoukrainsk nuclear power plant (NPP), the program for testing excitation systems of turbine generators of power units of Ukrainian NPPs, included in the catalog of measures of the agreement on the terms of future integration of the united energy system of Ukraine with the European Network of Transmission System Operators for Electricity ENTSO-E, has been successfully completed.
According to the website of Energoatom, in addition to specialists of Energoatom and Ukrenergo, representatives of the ENTSO-E Consortium and DMSS-Engineering with the support of the USAID Energy Security Project took part in testing the excitation systems of turbine generators.
The company recalled that Energoatom began this program on August 17, 2020 together with Ukrenergo as part of checking the compliance of the domestic generation with the ENTSO-E technological standards. Corresponding tests were carried out at power unit No. 2 of Rivne NPP, No. 1 of Zaporizhia NPP, as well as power units No. 1 and No. 3 of Yuzhnoukrainsk NPP.
According to Energoatom, on the basis of research data, the ENTSO-E Transmission System Operators Consortium (EMC, MAVIR, PSE, SEPS, 50Hertz and Transelectrica) will create a common mathematical model of the synchronous operation of the Ukrainian and European power systems. Also, this information will be used to study the static and dynamic stability of the united energy system of Ukraine, provided that it works in parallel with ENTSO-E.
Energoatom noted that Ukrenergo signed a service contract for the implementation of this item in the catalog of events with the CONSORTIUM in 2019.
At the same time, commenting on the completion of the tests, the Ministry of Energy noted on the website that in addition to the planned technical measures, in order to successfully complete the synchronization, it is necessary to certify the transmission system operator in accordance with the requirements of the Third Energy Package of the EU.

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