Business news from Ukraine

UKRHYDROENERGO SEES 18.6% RISE IN ELECTRICITY GENERATION IN JAN-APRIL

30 May , 2016  

KYIV. May 30 (Interfax-Ukraine) – Public joint-stock company Ukrhydroenergo increased electricity production by 18.6% in January-April 2016, compared to the same period in 2015, to 3.115 billion kilowatt-hours (kWh), the press service of the company has said.

According to its data, the plan for the three months was exceeded by 19.4%, or 506.488 million kWh.

In April this year, Ukrhydroenergo hydroelectric and pumped storage plants produced 1.136 billion kWh of electricity, which is 95.5% more than in April 2015.

As reported, Ukrhydroenergo plans in 2016 to increase electricity production by 24.6% compared to 2015, to 8.008 billion kWh.

Production of electricity by nine Ukrhydroenergo power stations in 2015 decreased by 26.2% compared to 2014, to 6.426 billion kWh.

Ukrhydroenergo in 2015 saw net profit rise by 2.3 times compared to 2014, to UAH 1.091 billion, net income by 1.7 times, to UAH 4.469 billion, EBITDA by 64.7%, to UAH 2.688 billion.

Ukrhydroenergo operates all of the major hydroelectric power plants on the Ukrainian sections of the Dnipro and Dniester rivers. Their total electricity generating capacity comes to five gigawatts. The state owns 100% of the shares of the company.