Business news from Ukraine

UKRAINE TO DOUBLE ELECTRICITY IMPORTS, REDUCE PRODUCTION–FORECAST

18 March , 2020  

The Ministry of Energy and Environmental Protection of Ukraine has included in the forecast balance of electricity generation in the Integrated Power System (IPS) of Ukraine for 2020 the growth of electricity imports at twice compared to the actual indicator of 2019, to 5.615 billion kWh.
According to the updated balance posted on the ministry’s website, electricity exports are also expected to grow by 30%, to 8.455 billion kWh.
The electricity generation will decrease by 1.2% compared with the actual indicators of 2019, to 152.105 billion kWh. In particular, nuclear power plants expect to reach 80.639 billion kWh of electricity generation (2.9% less compared to 2019), thermal power plants 42.129 billion kWh (6.2% less), combined heat and power plants and cogeneration plants 11.064 billion kWh (1.8% more), all hydroelectric power stations 5.088 billion (22% less), pumped storage plants 1.258 billion kWh (6.6% less), block stations 1.643 billion kWh (7% less), and alternative energy sources 10.284 billion kWh (85.6% more).
Thus, according to forecasts, the share of nuclear power plants of the structure of electricity generation in 2020 will be 53.02% (53.91% at the end of 2019), thermal power plants some 27.7% (29.17%), combined heat and power plants and cogeneration plants some 7.27% (7.06%), hydroelectric power stations some 3.35% (4.24%), pumped storage plants some 0.83% (0.87%), block stations some 1.08% (1.15%), and alternative energy sources some 6.8% (3.6%).
Electricity consumption in the country is expected to reach 147.517 billion kWh in 2020, which is 1.8% less compared to the actual indicators of 2019.
Electricity consumption of pumped storage plants in the pump mode is predicted to be 1.752 billion kWh (1.834 billion kWh in 2019).

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