Ukraine will resume supply of electricity to the uncontrolled territories of Luhansk region if the debt is repaid, Minister of Energy and Coal Industry Ihor Nasalyk has said. The minister said the decision to cut off power supply was not political but economic. “All the enterprises that were registered in the uncontrolled territory of Luhansk…
The reconstruction of Toktogul hydropower plant will not affect the tariffs for electricity in Kyrgyzstan, the head of the State Committee for Industry, Energy and Subsoil Use Duishenbek Zilaliev declared. According to him, the third phase of the project provides for the replacement of two remaining turbine units of the plant with an increase in…
Producers of energy received from renewable sources could be exempt from taxes. The bill was drafted by the deputies of the Parliament. The law proposes to introduce an item on the producers of electrical and thermal energy, gas and renewable fuels in the gaseous state, liquid biofuel received from the use of renewable energy sources.…
Public joint-stock company Ukrtransnafta in 2016 saw an 11.7% rise in net profit compared to 2015, to UAH 1.519 billion, the company’s press service reported on April 21. The press service said that taxes and duties paid grew by 64.3%, to UAH 2.19 billion. The large growth of payments to the national budget is linked…
The price of natural gas bought by NJSC Naftogaz Ukrainy from European suppliers, which is to be delivered in May, is $25-30 per 1,000 cubic meters lower than the price stipulated in the contract with Gazprom, Naftogaz Chief Commercial Officer Yuriy Vitrenko said. “We’ve completed buying planned volumes of imported gas in May. It is…
The Delegation of the European Union (EU) to Ukraine has highlighted the importance and urgency of the adoption of the electricity market bill debated in the Verkhovna Rada. “This would be a key step towards a competitive and open electricity market in Ukraine, bringing it closer to the way how the electricity markets operate in…
Ukraine’s Cabinet of Ministers at a meeting on April 12, extended the state of emergency in the electricity market for one more month. Emergency measures in the energy sector, stipulated in government resolution No. 103-r dated February 15, came into effect on February 17, because of the blockade by activists with the support of a…