NJSC Naftogaz Ukrainy and the Ministry of Defense of Ukraine, as the sole shareholders of PJSC Ukrtatnafta, have launched the process of forming an independent supervisory board of the company. “The corresponding decision of the general meeting of the company was made on May 21, 2024,” the Naftogaz group said on Tuesday. According to Head … Read more
Ukraine’s energy system is integral and operates stably, but there is not enough electricity generation, Prime Minister Denys Shmyhal says. “The energy system is integral and operates stably. Energy workers control the situation. However, electricity generation is not enough to cover all consumption. Therefore, Ukrenergo is forced to return to the shutdown schedule for both … Read more
Kyiv city authorities are considering creating six new small thermal power plants in addition to the three existing ones, Deputy Head of the Kyiv City State Administration Petro Panteleev said at a Kyiv City Council meeting on May 16. Kyiv is developing a plan to restore its power system after significant damage from Russian missile … Read more
NNEGC Energoatom and Korean Hyundai Engineering and Construction Co., Ltd. (HDEC) signed a memorandum of cooperation on the design, construction and commissioning of new nuclear power plant units in Ukraine. The corresponding agreements were signed in Kyiv on Monday by acting Chairman of the Board of Energoatom Petro Kotin and Executive Vice President and COO … Read more
D.Trading LLC swiftly increased imports of electricity from Europe for its consumers fourfold after enemy attacks on Ukrainian energy infrastructure on May 8, the company’s website reported on Friday. “The use of imports provides industrial consumers with the opportunity to minimize the risks of electricity consumption restrictions and to continue operating in these challenging times,” … Read more
The net consolidated profit of Naftogaz Group in 2023 amounted to UAH 23.1 billion against a loss of UAH 79.1 billion a year earlier, according to consolidated financial statements verified by an international independent auditor and approved by the company’s supervisory board on May 3, 2024. “It is planned that the absolute majority of the … Read more
In 2023, total revenue of top 10 energy companies in Ukraine amounted to $18.8 billion, which is 8% more than revenue of these companies in 2022, reported Opendatabot index on April 29. According to Opendatabot Index, half of top companies in energy sector are state-owned, while four more belong to SCM Group owned by Rinat … Read more
Ukrainian Minister of Energy Herman Haluschenko considers the possibility of opening coal exports due to the complete shutdown of PJSC Centrenergo, the main client of state-owned coal mining enterprises, because of the destruction and occupation of its thermal power plants. “We are considering the question of exports. I think we will resolve it. There is … Read more
Ukraines’ state oil and gas company Naftogaz is interested in expanding cooperation with energy companies of other countries — in particular, regarding the storage of their gas reserves in Ukrainian underground storage facilities, said the head of the company Oleksiy Chernyshov. During the visit to Turkiye, the Naftogaz chief discussed the prospects of cooperation in the … Read more
Ukraine imported 225000 MWh of electricity in April, which is the highest figure since the beginning of the current year, reported the press service of the state energy trader Energy Company of Ukraine. Compared to March, the volume of commercial imports in April increased by a third. In April, ECU increased the volume of imports by 1.5 … Read more