Электроэнергетика

Gross electricity consumption (including electricity losses in the grids) increased for 5M08 by 5.3% YoY amounting to 82 bln kWh. Net electricity consumption amounted to 66 bln kWh implying a net electricity consumption increase of 5.9%. Largest consumption increase was due to household consumption which grew by 8.7% YoY compared to industrial consumption – 3.5% YoY.

Electricity distribution company Kirovogradoblenergo [KION] announced a dividend payout of USD 3.8 mln at its AGM Friday, May 30.

Electricity distribution company Khersonoblenergo [HOEN] decided not to pay out dividends for 2007 during its AGM held Thursday, May 29. Shareholders decided to direct 95% of the company’s USD 0.043 mln FY07 net income to business development and 5% into the company’s reserve fund.

The National Electricity Regulatory Commission (NERC) approved a 30% nuclear electricity price appreciation starting June 2008, sending the price for nuclear electricity to USD 29 per MWh. This implies a nuclear electricity price appreciation of 70% YtD from USD 17 per MWh in the beginning of the year.

The National Electricity Regulatory Commission (NERC) has approved an industrial electricity tax appreciation of 4-5%, beginning in June. Low voltage industrial electricity consumers will see a tax increase of 4% to USD 96 per MWh and high voltage industrial electricity consumers will be handed a 5% increase to USD 73 per MWh.

Electricity distribution company Prykarpattiaoblenergo [PREN] announced a dividend payout of USD 0.3mln during its AGM Thursday, May 29. The company is directing 30% of its USD 1 mln net income for FY2007 to dividend payout, implying USD 0.003 per share.

Electricity distribution company Lvivoblenergo [LVON] failed to hold an AGM scheduled for May 27 due to lack of quorum. LVON has not held an AGM since 2001 due to the long-standing corporate conflict between joint shareholders Privat group and Surkis group ca. [22%] and Energy Standard group, which holds ca. 38% of the company.

Electricity distribution company Sevastopoloblenergo [SMEN] announced a dividend payout of USD 3.2mln during its AGM May 27. The company will direct 100% of its net income for FY 2007 to dividend payout, implying USD 0.12 per share.

Electricity distribution company Zhytomiroblenergo [ZHEN] decided not to pay dividends for FY2007 during its AGM May 20.

Electricity distribution company Odesaoblenergo [ODEN] approved a bond issue of USD 100mln during its AGM May 22, 2008. The money will go towards construction of the Combined Cycle Power Plants (CCPP) near the city of Odesa.