Business news from Ukraine

TECHNOVA CONTRACTS 225,000 TONNES OF ANTHRACITE FROM SOUTH AFRICA TO SUPPLY TO CHPPS

24 March , 2017  

KYIV. March 24 (Interfax-Ukraine) – TechNova LLC, managing Darnytsia, Chernihiv, Cherkasy and Sumy combined heat and power plants (CHPPs) have contracted the delivery of 225,000 tonnes of anthracite from South Africa at the price of $96.60 per tonne (taking into account delivery and reloading).
Director General of TechNova Firm LLC and acting Director of Chernihiv CHPP Oleksiy Scherbyna, Director General of Euro-Reconstruction LLC (Darnytsia CHPP) Viacheslav Selivanov and Director of Sumyteploenergy (Sumy CHPP) Dmytro Vasiunin gave the information at a meeting of the National Commission for Energy, Housing and Utilities Services Regulation (NCER).
Chernihiv CHPP contracted 75,000 tonnes at the price of $96.60 ($91 plus 5.6% for reloading). The plant is holding talks to buy 225,000 tonnes more. The first ship with coal is to arrive to Ukraine late May, and three more ships – in Q3 and Q4 2017. The contractor is international trade VITOL. The annual need of Chernihiv CHPP is 450,000 tonnes of coal.
Darnytsia CHPP also contracted 75,000 tonnes at the same price and is holding talks to buy 225,000 tonnes more. Its annual need is 440,000 tonnes of coal.
Sumy CHPP almost finished talks to supply 75,000 tonnes of anthracite. Its annual need is 86,000 tonnes. The company bought 5,000 tonnes of anthracite from PJSC Centrenergo to finish the current heating season.
The representatives of CHPPs said that the main problem for them today is the advance payment for coal. The funds are frozen for the period of up to three months. The tariffs increased from April 1 do not cover expenses on imports of anthracite.