Business news from Ukraine

TURBOATOM TO UPGRADE POWER UNIT AT ZMIYIVSKA TPP FOR USING UKRAINIAN COAL OF ALL GRADES

18 December , 2015  

KYIV. Dec 18 (Interfax-Ukraine) – PJSC Turboatom (Kharkiv) will participate in the modernization of one of the largest thermal power stations in Ukraine – Zmiyivska TPP (Kharkiv region) so that it could transfer to the use of Ukrainian coal of all grades to remove energy dependence on deficient anthracite coal.

“Because of the complicated situation in the fuel and energy market of Ukraine, Kharkiv region selected the transition of power units, using anthracite coal, to Ukrainian coal of all grades, as the main anti-crisis measure for the energy sector rehabilitation,” Head of Kharkiv Regional State Administration Ihor Rainin said in an interview with the Uriadovy Kurier newspaper.

For this purpose, the Energoprogres and Kotloturboprom design bureaus drafted a plan for the re-equipment of coal power blocks at Zmiyivska TPP using the equipment of Kharkiv plants, in particular, Turboatom.

Turboatom, Ukraine’s largest producer of turbine equipment, in January-September 2015 saw a net profit of UAH 1.288 billion, which is 56.5% more than in the same period in 2014, its net income rose by 35%, to UAH 2.077 billion.