The Cabinet of Ministers is considering building a decentralized energy system that will become less vulnerable to russian shelling. It is, in particular, about the construction of mini-power plants and small generation facilities. Prime Minister Denys Shmyhal announced this during the government meeting on January 3. Shmyhal also noted that it is about the creation … Read more
The European Bank for Reconstruction and Development approved a financing package for 372 million euros to support Ukrenergo. This is stated in the Bank’s statement. “The European Bank for Reconstruction and Development (EBRD) has approved a financing package that will bring €372 million to support Ukraine’s electricity transmission company, Ukrenergo, to make swift emergency repairs … Read more
Fitch Ratings has downgraded DTEK Energy B.V.’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘Restricted Default’ (RD) from ‘C’ following the execution of the tender offer and the company’s disclosure of the result of its consent solicitation related to changes in the notes’ documentation, the agency said on its website. “We view the … Read more
To supply electricity via transmission lines to Ukraine to help its energy system, the Turkish company Karpowership is in talks to send power plant ships to Romania or Moldova. Company president Zeynep Harezi said this in an interview with Anadolu Agency. The publication said that the company is discussing the supply of up to 400 … Read more
After a massive russian missile attack, the energy system of Ukraine is working on gradually restoring the electricity supply. Still, the situation remains challenging in the east, where on December 6, the invaders fired another attack on energy facilities. The Ukrenergo electricity company reported this. The company said that the units, disconnected due to damage … Read more
DTEK Energy will buy back eurobonds maturing in 2027 with a coupon rate of 7/7.5% for a total of $50 million at a price of up to 27% of the face value, the company said in a stock exchange message on Monday. According to it, the redemption of eurobonds at such a discount will reduce … Read more
President of Ukraine Volodymyr Zelensky has said exemption from VAT and duties on energy equipment will simplify and reduce the cost of its supplies to Ukraine. “Today, the government of Ukraine made an important decision that will help pass the winter period. Imports of goods needed during the heating season will be exempt from VAT … Read more
The law on the transfer, expropriation or seizure of property under the legal regime of martial law or a state of emergency and the order of the Supreme Commander-in-Chief of the Armed Forces of Ukraine dated November 6 on the decision of the Staff of the Supreme Commander-in-Chief of the Armed Forces of Ukraine made … Read more
DTEK Finance plc (a subsidiary of DTEK Energy) will buy back eurobonds worth $32.507 million at a price of 24% of par or less based on the results of the auction. According to DTEK Finance’s report on the Irish Stock Exchange, settlement of the offer will take place on November 10, 2022. After redemption of … Read more
As a result of the Russian full-scale invasion, 90% of wind energy facilities and 45-50% of solar energy facilities have been put out of service in Ukraine. The relevant statement was made by Ukrainian Energy Minister German Galushchenko in an interview with We-Ukraine Channel. “Green energy is probably the most affected industry, as most of our capacities … Read more