The following is the July 30, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Business and government in Ukraine are
Editor’s Note: This is issue 142 of Ukrainian State-Owned Enterprises Weekly, covering events from July 21-27, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukraine increases natural gas reserves in underground storage to 10 billion cubic meters, Naftogaz Group reported on July 22. Over 2.5
Yurii Boiko said that the amount of electricity generated in the system increased due to decreases in weather temperatures and the restoration of some energy-generating facilities.
Local Russian authorities, as well as local media, reported that drone attacks overnight on July 29 caused damage to energy infrastructure along Russia's western border region.
After a "very difficult couple of weeks" due to record-breaking heat and power plants being under repair, Ukraine's energy supply situation is improving, Volodymyr Kudrytskyi, the head of state grid operator Ukrenergo, said on July 26.
Reports emerged on July 18 that two transformers had burned down days earlier, leading to one of the reactors being disconnected from the energy network.
Editor’s Note: This is issue 141 of Ukrainian State-Owned Enterprises Weekly, covering events from July 14-20, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs PrivatBank appoints a new CFO. On July 15, PrivatBank reported that Larysa Chernyshova will serve in this role starting Sept.
By October, DTEK, Ukraine's largest private energy company, plans to restore 60-70% of the power generation it lost as a result of Russia’s mass shelling this spring, according to DTEK Executive Director Dmytro Sakharuk.
Decentralizing a power grid is a huge undertaking, even in peace times. Countries around the globe are nevertheless shifting toward “decentralization” – or generating smaller amounts of energy closer to where it is used, rather than in large, centralized hubs. For most, the goal is producing greener energy or building grid
Naftogaz, Ukraine's state-owned oil and gas company, has accumulated 10 billion cubic meters (bcm) of gas reserves for the upcoming winter period, the company said on July 22.
A key goal of the investment is to help create strategic natural gas reserves at Naftogaz, Ukraine's state-owned energy company.
The humanitarian aid includes more than 300 pieces of equipment, including equipment from the Vilnius Combined Heat and Power Plant, or the Vilnius Power Plant-3, according to the ministry.
Editor’s Note: This is issue 140 of Ukrainian State-Owned Enterprises Weekly, covering events from July 7-13, 2024. The Kyiv Independent is reposting it with permission. Energy sector Naftogaz Group pays Hr 47 billion ($1.1 billion) in taxes for January-June 2024, the company’s press office reported on July
The visit comes only days after Czech President Petr Pavel announced Ukraine would receive 50,000 shells under Prague's ammunition initiative in July, with the deliveries rising to 100,000 rounds monthly since September.
The record-breaking heat wave that has engulfed Ukraine is expected to continue at least through the rest of the following week, with the maximums to exceed 40 degrees Celsius (over 104 degrees Fahrenheit).
The government has been providing support to a wide spectrum of consumers, ranging from individual households to businesses, to facilitate additional energy generation, Prime Minister Denys Shmyhal said.
Editor’s Note: This is issue 139 of Ukrainian State-Owned Enterprises Weekly, covering events from July 1-6, 2024. The Kyiv Independent is reposting it with permission. Energy sector Russia strikes at Ukrgasvydobuvannya’s facility in Poltava oblast, the company’s press office reported on July 4. Ukrgasvydobuvannya’s acting CEO
France has transferred 41 power generators to Kharkiv and Chernihiv, whose energy infrastructure has been heavily damaged by Russian strikes, the French Ministry of Foreign Affairs announced on X.
Ukraine imported over 858,000 megawatt-hours (MWh) of electricity in June 2024, which is 91% more than the volume imported in May and more than what was imported in the whole of 2023, ExPro Electricity monitoring data showed on July 3.
Through an agreement with the European Commission, Ukraine has received 5,876 solar panels to help power hospitals across the country, Ukraine's Energy Ministry announced on social media on July 2.
Editor’s Note: This article was published by the twice-weekly newsletter “The Counteroffensive with Tim Mak” on June 27, 2024, and has been re-published by the Kyiv Independent with permission. To subscribe to "The Counteroffensive," click here. When the explosions hit the thermal power plant, senior machinist Ihor* was at
Editor’s Note: This is issue 137 of Ukrainian State-Owned Enterprises Weekly, covering events from June 17-23, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Cabinet appoints Energoatom’s supervisory board. Ukraine's Cabinet of Ministers appointed all five members of state-owned nuclear giant Energoatom's supervisory
The following is the June 25, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine received practically no external financing
Ukrainians may have electricity for 6-7 hours per day in the upcoming winter if the electricity deficit remains at 35%, Serhiy Kovalenko, the CEO of energy supplier Yasno (DTEK), said on June 17 on national television.
Ukrainians will face lengthy, daily interruptions in electricity until the end of July as scheduled repairs at nuclear power plants put further strain on the country's already heavily damaged energy system, the head of grid operator Ukrenergo Volodymyr Kudritsky said.
The attacks caused a deficit in the country's power supply, requiring additional electricity to be diverted from Poland.
Editor’s Note: This is issue 135 of Ukrainian State-Owned Enterprises Weekly, covering events from June 2-8, 2024. The Kyiv Independent is reposting it with permission. The Cabinet approved the Reforms Matrix based on international partners’ recommendations on June 4. According to Prime Minister Denys Shmyhal, more than 200 reforms
Ukraine’s recovery and reconstruction are impossible to separate from the country’s EU integration and accession aspirations. If the country wants to enter the EU, it will have to get its rules and regulations in line with the bloc, across every field. Many of these reforms will involve sectors
Ukrenergo expects that another nuclear power plant unit will be launched overnight on June 8.
FT published the article, "Russia has taken out over half of Ukraine power generation," on June 5, citing Ukrainian officials who spoke on the condition of anonymity.
The following is the June 5, 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. After just a day spent in Kyiv, one could be forgiven for thinking Ukraine’s economy is going
Russia's systematic destruction of Ukraine's energy system means that by winter, Ukrainians may be without electricity for the "vast majority" of the day, the Financial Times reported on June 5, citing Ukrainian officials who spoke on the condition of anonymity.
