Centrenergo changed the head

At the suggestion of the State Property Fund, the government appointed a new acting General Director PJSC Centrenergo Yurii Vlasenko. This is stated in the order of the Cabinet of Ministers of Ukraine dated February 26, 2021, No. 150-r, the press service of the Fund reports.

The State Property Fund resumed control over Centrenergo in late spring last year. Oleksandr Korchynskyi, who then headed the enterprise, managed to bring the company out of the crisis – Centrenergo ended 2020 with a profit of more than UAH 50 million, against a UAH 2 billion loss in 2019.

“The next stage in the development of Centrenergo is the merger with the most promising mines into a single holding for further privatization, which requires, among other things, a renewal of the management staff. That is why, at the initiative of the Fund, a rotation of management took place,” the statement says.

Yurii Vlasenko will continue the financial rehabilitation of Centrenergo and preparations for privatization.

The top-priority tasks of the head will be the implementation of the updated strategy of wholesale electricity sales and cost optimization. Besides, the supply of coal products will be optimized with an increase in the share of supplies from mines that will be part of the vertically integrated holding. The company will give priority to the procurement of only domestic coal.

Yurii Vlasenko has more than 15 years of experience in management positions of enterprises in the energy sector and works in government agencies, in particular in 2011-2014 as a member of NEURC.

As a reminder, since May 29, 2020, Oleksandr Korchynskyi has been the acting General Director of Centrenergo.

Tags: The Cabinet of Ministers, electricity, NEURC, Top management, coal, TPP, Centrenergo, regional power distribution company, power system

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