Ukrhydroenergo received 5 million UAH of revenue for 9 months of 2019

Ukrhydroenergo presented information on the activities of the company at the XVII International Forum “Fuel and Energy Complex of Ukraine: Present and Future”.

The company provided an opportunity to see Dniester pumped storage station by a virtual tour in the format of 360 degrees.

The essential strategic tasks of the company are the continuation of the construction of Dniester PSPP, the construction of Kanivska PSPP and Kakhovska HPP-2, as well as the reconstruction of Dniester cascade in the near future.

Analysis of financial indicators of Ukrhydroenergo in recent years confirms the stable financial condition and positive dynamics of the company. The net income from the sale of products (goods, works, services) of the Company for 9 months of 2019 amounted to 5 224.7 million UAH. Net financial result – 2 266.9 mln UAH.

According to the results of 9 months of 2019, the company paid to the budgets of all levels - 2 392.1 million UAH.

 Ukrhydroenergo entered the TOP-10 state-owned enterprises in terms of net profit, taking 3rd place with the largest net profit indicator for the first half of 2019 - 1.19 billion UAH.

Ukrhydroenergo is the largest hydro-generating company in Ukraine, which is included in the list of 15 enterprises of the public sector of the economy, whose total assets account for 70% of the total figure in the public sector.

The company includes ten stations on Dniepro and Dniester rivers: Kyiv Hydroelectric Power Station and Kyiv Pumped Power Station, Kanivska Hydroelectric Power Station, Kremenchuk Hydroelectric Power Station, Serednedniprovska Hydroelectric Power Station, Dniprovska Hydroelectric Power Station-1 and Dniprovska Hydroelectric Power Station-2, Kakhovska Hydroelectric Power Station, Dniester Hydroelectric Power Station and Dniester Pumped Power Station. Kanivska PSPP and Kakhovska HPP-2 are in preparation for construction.

The total installed capacity of hydroelectric power plants at the beginning of November 2019 is 5844.2 MW. The total number of units at the company's stations is 103 units. The state owns 100% of the company’s shares.

Tags: The Cabinet of Ministers, contracts, tariffs, HPP, legislation, electricity, NEURC, Top management, energy market, electricity market

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