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Ukrhydroenergo announced more than 1.5 billion hryvnia in losses due to global warming

Ukraine

The last 5 years in Ukraine have been dry due to climate change. In this regard, the flow of rivers and the power of the flow are reduced.

Ukrhydroenergo announced more than 1.5 billion hryvnia in losses due to global warming

On December 4, a regular meeting of the Supervisory Board of Ukrhydroenergo took place, during which a number of topical issues of the company's life were discussed. Due to the lack of water caused by climatic conditions atypical for Ukraine and, as a consequence, the insignificant flow of rivers, as well as due to the incorrect operation of the new market, the company received significant losses.

“Today, due to the unstable situation in the market, we have losses that amount to 1 billion 568 million hryvnia. This is a debt to the company for the services provided, ”said Igor Sirota, CEO of the company.

He noted that despite all the objective difficulties, Ukrhydroenergo fully continues to fulfill its obligations to cover peak loads, regulate the frequency and power of the network, as well as a mobile emergency reserve in the United Energy System of Ukraine.

For the first nine months of this year, PJSC Ukrhydroenergo sold 6 billion kWh of electricity and received 2 billion 961 million UAH of net profit.

100% of the company's shares belong to the state represented by the Ministry of Energy and Coal Industry of Ukraine. Thousands of Ukrainian contractors are involved in the production chain. The company cooperates with such leaders of the domestic engineering industry as Turboatom, Electrotyazhma, Elektroyugmontazh, Dnepr-Spetsgidromontazh, Zaporozhtransformator and others.

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