The Cabinet of Ministers of Ukraine has expanded a list of energy sector enterprises that are not subject to partial privatization and approved a list of facilities which will be banned from being privatized. The government plans to consider the relevant bill on the list of state-owned enterprises (SOE) that are not subject to privatization … Read more
Ukraine’s Verkhovna Rada has passed at second reading bill No. 2490-1 aimed at bringing the activities of the National Commission of Ukraine for Energy, Housing and Utilities Services Regulation (NCER) in line with the decision of the Constitutional Court dated June 13, 2019. Bill, the authors of which are Andriy Gerus, Andriy Zhupanin and Oleh … Read more
JSC Ukrgazvydobuvannia (UGV) in 2020 will drill 80 new wells, Head of Naftogaz integrated gas business unit Andriy Favorov has said. “In 2020, we will drill and launch about 80 new wells. Earlier, to do this without modern drills, the drilling speed of which is two or three times higher than our old drills, was … Read more
DTEK energy holding jointly with Danish Vestas, the global leader in manufacturing of wind turbines, has completed building Orlivska wind farm with a capacity of 100 MW (Azov seacoast in Zaporizhia region). “We have completed one of our strategic goals – we have reached 1 GW of green generation capacity by investing more than EUR … Read more
The Verkhovna Rada has eliminated inconsistencies with the European norms of the law on the separation of natural gas transportation activities from Naftogaz Ukrainy. Some 292 MPs voted for the relevant decision on November 15, of whom 235 were parliamentarians from the Servant of the People faction, 18 from European Solidarity, and 19 from Holos … Read more
The Verkhovna Rada at second reading and as a whole adopted bill No. 2239-1, which is necessary to separate activities for natural gas transportation from Naftogaz Ukrainy, certify a new independent gas transmission system operator and create conditions for signing a transit contract with Gazprom according to European rules. Some 341 MPs voted for the … Read more
Naftogaz Ukrainy in January-June 2019 saw net profit rise by 1.8 times (by UAH 11.102 billion) compared to the same period in 2018, to UAH 24.704 billion. According to the consolidated statements posted on the company’s website, its sales revenue in the first half of 2019 decreased by 0.9% (by UAH 1.174 billion), to UAH … Read more
Fitch Ratings has upgraded National Joint Stock Company Naftogaz’s (Naftogaz) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B’ from ‘B-‘. The Outlook is Positive. The upgrade follows that of Ukraine’s sovereign rating (B/Positive) on September 6, 2019, Fitch said on Friday. The rating also takes into account Naftogaz’s weak liquidity profile but overall low leverage … Read more
Moody’s Investors Service has today upgraded the corporate family rating of DTEK Energy B.V. to Caa2 from Ca. The outlook on the rating is stable, according to a report on Moody’s website. Concurrently, Moody’s has upgraded DTEK Energy’s probability of default to Caa2-PD from Ca-PD. “The rating action follows the change in outlook to positive … Read more
DTEK Energy has bought 88,000 tonnes of G group coal from Columbia. According to the company’s press release, the unloading of the W-Ace bulk carrier has already begun at the TIS terminal (Odesa region), after which coal will go to DTEK Energy’s thermal power plants (TPPs). “Today in the Ukrainian energy sector there is a … Read more