The Cabinet of Ministers has approved of a draft agreement with the European Commission on financing the annual program on nuclear safety 2015, according to the governmental online portal. The corresponding decision is stipulated in the government resolution No. 1001-r dated December 21. According to the press service of the government, the budget foreseen by…
Cabinet approves of the concession of the right to prospect oil and gas deposits in the south of Moldova to Frontera Resources International, the USA. The Cabinet took this decision at the request of the Ministry of Environment of Moldova taking into account that the company had won the international tender for geological prospecting of…
The commercial court in Odessa region has declared public joint-stock company Odessa combined heat and power plant (CHPP) bankrupt and launched a liquidation procedure for the period of 12 months. The company reported in the information disclosure system of the National Commission for Securities and the Stock Market on Tuesday that the court made the…
The National Commission for State Regulation of Energy, Housing and Utilities Services (NCER) will reduce the average tariff of Ukrenergo for 2017 by 4.1% compared with the current rate, to 6.054 kopecks per kWh from 6.316 kopecks/kWh (excluding VAT). According to the NCER decision, the Ukrenergo tariff in the first quarter of 2017 will amount…
National joint-stock company Naftogaz Ukrainy saw a 109-fold rise in net profit (by 25.287 billion UAH) in January-September, to 25.521 billion UAH, according to an audited report posted on the company’s website. “Naftogaz saw 25.5 billion UAH of net profit in January-September, which does not include spending on reserves to cover bad debts in the…
Representatives of political, business and expert circles have discussed the progress of Ukrainian energy reforms, the role of new strategic partnership in this area and priorities for 2017 at an international high-level conference on the new EU-Ukraine strategic partnership in energy and the role of business in this process in Brussels. “Having signed the memorandum…
The gas reserves available in Ukraine are enough to go through the 2016-2017 winter season, energy holding Naftogaz Ukrainy said in a statement. “Naftogaz deems the amount of gas available to Ukraine enough for secure gas supplies to Ukrainian consumers during the entire heating season”, the company said. Russian president Vladimir Putin earlier said that…