Electricity

Research

Electricity
December 18, 2009Zakhidenergo Goes West

The Ukrainian electricity generating company Zakhidenergo [ZAEN UZ] won access to a 100 MW power export capacity for the year 2010 through the very first auction to be held for access to electricity exports from Ukraine. As a result, now the Company will be able to sell part of its power directly to foreign clients. The auction itself signifies the liberalization of Ukrainian electricity exports and constitutes a driver for the entire power generating sector.

Electricity
April 9, 2009Oblenergos – privatization list

Finding itself in a situation characterized by a fiscal deficit and a deteriorating economic situation, both in Ukraine and worldwide, the Ukrainian Government decided to resume the privatization of large state-owned property in 2009, including the privatization of power distributing companies (oblenergos). On March 18 and April 1, 2009, Ukraine’s State Property Fund announced the auction for privatizing the blocking package of six electricity distribution companies. The auctions are scheduled on April-May 2009.

Electricity
March 2, 2009Regional electricity distribution — different identities

The energy sector in Ukraine is one of the country’s great assets. A country with a population of 47 mln and heavy industries generates significant demand for electricity. Currently there are 27 major electricity distribution companies (oblenergos) in Ukraine, 20 of which are public. This enables equity investors to play the Ukrainian electricity distribution sector on the stock market and gain benefits from the ongoing changes in the sector. The Ukrainian electricity distribution sector is one of the hottest on the stock market. After growing 208% YoY, on average, in 2007, the cumulative MCap of electricity distribution companies fell 90% YoY in 2008. Considerably low prices suggest that equities can be acquired for a penny; however, high spreads and low liquidity suggest that the investments should be held for a long time.

Electricity
July 18, 2008Five Questions on Ukrainian Gencos

Ukrainian thermal generation companies are industrial giants traded on PFTS. Built in the late 1960s, they have supplied electricity not only in Ukraine but to bordering countries as well. Reforms of the 1990s presented new challenges while, at the same time, opening up new prospects: the announced electricity sector reform, privatization of electricity companies, and possible export liberalization raise questions that need to be answered.

Electricity
May 22, 2008Flash Note: Privatization benefits for portfolio investors

The diarchy in the State Property Fund (SPF), created by the confrontation between the president and the prime minister, created grounds to question the legitimacy of the privatization that made Energy Standard group, one of the rival shareholders in 5 out of 6 oblenergos, refuse to participate until the government clears all political and judicial issues tied to privatization.

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Daily monitor

Electricity
November 18, 2010Ukraine’s electricity exports declined 0.8% in 10M2010

In January-October Ukraine’s electricity exports fell 0.8% to 3.2 bln kWh. In monthly terms the exports doubled in October to 420.5 mln kWh as a result of restored supplies to Hungary.

Electricity
November 11, 2010Ukraine’s electricity consumption up 10% in 10M2010

According to the Ministry of Fuel and Energy of Ukraine, the electricity consumption is up 10% YoY in 10M2010. In monthly figures the consumption is up 20% MoM in October.

Electricity
November 10, 2010Ukraine’s electricity production up 9.8% YoY in 10M2010

According to the Ministry of Fuel and Energy of Ukraine, the electricity production is up 9.8% YoY in 10M2010. The monthly increase in production was 21% in October.

Electricity
October 7, 2010Ukraine’s electricity consumption and production both down 6% MoM in September

According to Ukraine’s Ministry of Fuel and Energy, electricity consumption and production are down 6.2% MoM in September. Cumulative consumption is up 9.8% YoY, and production is up 9.7% YoY in 9M2010.

Electricity
September 28, 2010Oblenergos’ retail tariffs for October left unchanged

The NERC left its regulated tariffs for Ukraine’s power distributing companies unchanged for October at the level of UAH 0.55/kWh and UAH 0.69/kWh for users with voltage classes 1 and 2 respectively.

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