energy
Ukraine implemented rolling blackouts on May 15 due to power shortages caused by Russian attacks, Ukraine's state-owned energy operator Ukrenergo announced. Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, destroying several thermal power plants across the country. This included the Trypillia plant, the main electricity supplier to Kyiv, Zhytomyr, and Cherkasy oblasts. Earlier in the day, Ukrenergo introduced emergency shutdowns for industrial and domestic users from 7:25 to 10 p.m. local time across all regions of Ukraine. Limitations ar...
Kyiv Independent
Editor’s Note: This is issue 131 of Ukrainian State-Owned Enterprises Weekly, covering events from May 4-10, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEsCabinet appoints new acting CEO for Ukrspyrt. On May 3, Stanislav Banchuk was appointed to the position. On May 6, Ukrspyrt confirmed Banchuk’s appointment, with no further details. Banchuk previously had a legal practice in Kyiv. A person by that name was deputy regional prosecutor of Chernivtsi Oblast until 2014 according to Ekonomichna Pravda (EP). According to YouControl, Banchuk founded Standart...
Kyiv Independent
Italy has overcome its dependence on Russian gas and will not oppose the proposed package of EU sanctions on liquified natural gas (LNG), Italian Energy Minister Gilberto Pichetto Fratin said, as reported by Politico on April 28. The European bloc has already adopted 13 packages in response to Russia's full-scale invasion of Ukraine, aiming to undermine Moscow's economic output and the ability to sustain the war. In early April, EU Executive Vice President Valdis Dombrovskis announced that the 14th package is in the works. Swedish Foreign Minister Tobias Billstrom later said the new package co...
Kyiv Independent
The following is a chart based off of data originally published in the Kyiv-based Center of Economic Strategy's "Ukraine War Economy Tracker." The Kyiv Independent is republishing it with permission. Ukraine is forced to rely on electricity imports after Russian attacks Net commercial exports of electricity, MWh Positive net exports Negative net exports Source: entso-a • Difference between incoming and outgoing scheduled Commercial Exchanges from Ukraine, Border-Country, total for all countries bordering Ukraine On April 11, Russia carried out another large-scale attack on Ukraine's energy inf...
Kyiv Independent
The following is the April 16, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Russia’s large-scale attacks against Ukraine’s energy system late last week have stoked fears of renewed country-wide blackouts and highlighted Ukraine’s urgent need for more air defense to protect its critical infrastructure. The Kremlin launched over 80 missiles and drones against the country in the early hours of April 11, targeting thermal power plants across Ukraine, including the Trypillia plant, t...
Kyiv Independent
Editor’s Note: This is issue 127 of Ukrainian State-Owned Enterprises Weekly, covering events from April 6-12, 2024. The Kyiv Independent is reposting it with permission. BanksEBRD extends 200-million-euro lending guarantee to Oschadbank. On April 10, the European Bank for Reconstruction and Development (EBRD) extended a 50-million-euro ($53 million) unfunded portfolio risk-sharing facility to Oschadbank to unlock 200 million ($212 million) euros of new financing for Ukraine’s private sector. The facility will cover up to 50% of Oschadbank’s credit risk on newly issued sub-loans worth 200 mill...
Kyiv Independent
All six reactors at the Zaporizhzhia Nuclear Power Plant (ZNPP) have reached a state of cold shutdown for the first time since October 2022, the International Atomic Energy Agency said in a news release on April 13. IAEA Director General Rafael Mariano Grossi welcomed the cold shutdown that began early on Friday morning, statingthat the cold shutdown "enhances the overall safety of the facility." A cold shutdown creates an extra safety buffer allowing more time before nuclear fuel cooling might become compromised in the event of a nuclear accident. While in cold shutdown a reactor would need l...
Kyiv Independent
Nova Group has set up a company that will generate energy on a regular basis, including both solar and gas power, the group's co-owner Volodymyr Popereshniuk announced on April 12. The newly-created Nova Energy is the seventh company to join Nova Group, which owns Nova Poshta, Ukraine's leading postal service. "When the Russians started to attack electricity generation, we realized that we needed to strengthen the autonomy of energy supply," Popereshniuk wrote on Facebook. Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, destroying severa...
Kyiv Independent
Editor’s Note: This is issue 126 of Ukrainian State-Owned Enterprises Weekly, covering events from March 30 – April 5, 2024. The Kyiv Independent is reposting it with permission. Energy sectorUkrtransgaz starts the season of gas injection into underground storage. On April 2, Ukrtransgaz, a Naftogaz subsidiary, reported the end of the 2023/2024 heating season and the start of a new season of gas injection into underground storage facilities. During the heating season of 2023/2024, 8.5 billion cubic meters of gas were withdrawn from underground storage, 6.7 billion cubic meters of which were us...
Kyiv Independent
Russian forces used freshly-made missiles for large-scale attacks on Ukraine in March, Andrii Cherniak, a spokesperson of Ukraine's military intelligence, told the Financial Times (FT) in a comment published on April 8. Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, launching large-scale attacks on energy facilities across the country. Over the past month, Russian forces reportedly launched over 400 missiles and 600 Shahed-type drones. Russia has used drones as cheaper weapons for striking other parts of the energy system, such as trans...
Kyiv Independent
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