Ukraine has imported electricity from Slovakia and Hungary for the first time

Imports took place within the Burshtyn Energy Island.  The maximum capacity of imported electricity is 130 MW.  This was possible thanks to the support of the European partners of the company, as well as the proactive position of the NPC Ukrenergo team and representatives of the European Commission.  The press service of the company reports it.

Electricity imports within the Burshtyn Energy Island will help integrate the Ukrainian market into the European energy markets and provide a fair competitive price for final consumers.

ERU TRADING is a private energy trader in Ukraine, a subsidiary of ERU Corporation.  In 2016-2018, the company held a leading position in the natural gas market.

Earlier it was reported that Andriy Favorov was appointed the Head of the integrated gas business of the NJSC Naftogaz of Ukraine.  Prior to this, he was the director and managing partner of Energy Resources of Ukraine (ERU).

The integrated gas business of the Naftogaz Group refers to the company's activities in gas production, wholesale and retail sales.

Earlier, an independent audit and verification of contracts for the sale of gas of NJSC Naftogaz of Ukraine was conducted in relation to ERU Trading due to suspicion of a conflict of interest with the director of the integrated gas business Andriy Favorov.

Favorov took up his post at Naftogaz in November 2018. Prior to that, Favorov was the director and one of the founders of ERU Trading.  He stated that he had sold his share in ERU Trading to his partners.

Tags: Naftogaz, contracts, electricity, electricity market, foreign affairs

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