Centrenergo has a new leader

Today, May 29, 2020, the Supervisory Board of PJSC Centrenergo unanimously decided to terminate the duties of General Director Volodymyr Potapenko and appointed Oleksandr Korchinskyi, acting General Director of Centrenergo. This was reported by the press service.

Oleksandr Korchinskyi has 20 years of experience in senior positions, the last 10 years in the energy industry. It is noted that he has experience in transforming unprofitable enterprises and bringing them to profitability. He collaborated with the World Bank on the project “Improving Energy Efficiency in the District Heating Sector of Ukraine” and was a co-author of the Law of Ukraine “On the Electricity Market”.

“The tasks of the new head of PJSC Centrenergo are to put things in order in current operating activities, to complete the annual financial report and audit of the company, to ensure stable payment of wages to employees and stable cooperation with the State Property Fund to prepare the enterprise for large privatization – to attract investments,” emphasized the head of the SPF.

According to experts, up to UAH 100 billion have been withdrawn from this state-owned enterprise since 2004. There were also two unsuccessful attempts to privatize Centrenergo – in 2013 and 2018.

Recall that on October 29, 2018, the State Property Fund announced a tender to sell shares of Centrenergo at a starting price of UAH 5.98 billion. A sale was scheduled for December 13, 2018, the competition was to be held if there were at least two participants, one of which was foreign.

The auction did not take place. Since the documents of interested companies, in particular Ukrdoninvest LLC and Neftebitumen Plant (Belarus), were not allowed to participate, because the documentation they submitted did not meet the requirements of the law.

Centrenergo operates 23 units (18 are coal-dust, 5 are oil-gas) at Vuhlehisk, Zmiiv and Tripol TPPs with a total installed capacity of 7690 MW.

Earlier it was reported that Centrenergo purchased coal from Russia worth UAH 400 million.

Tags: The Cabinet of Ministers, DTEK, contracts, coal mining, court, legislation, electricity, NEURC, The Minystry of Energy and Coal Mining, coal, TPP, electricity market, Centrenergo, agreement, The National Energy and Utilities the Natuonal Regulatory Commission, auctions, electricity transmission, generation, crisis, The Ministry of Energy, economy, market, power grid

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