News
- 06.09.10
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Kyiv attracts loans to settle Kyivenergo debt
The City of Kyiv has attracted UAH 1.5bn (US$ 190mn) in loans from state-owned Ukreximbank (EXIMUK) and Oschadbank to settle outstanding debt to Kyivenergo (KIEN) for inefficient heating tariffs, Interfax reported. Municipal officials estimated the total debt to Kyivenergo at UAH 2bn (US$ 253mn)... - 06.09.10
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DTEK ups KIEN stake to 24.9%
Private fuel and energy holding DTEK (DTEKUA) increased its stake in Kyivenergo (KIEN) to “up to 24.9%”. The deal’s price was not disclosed. DTEK’s CEO Maxim Timchenko also noted the company is interested in further increasing its stake by purchasing additional shares from the market, as well as through privatization... - 02.09.10
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Listed GenCos grow 7M10 output 8% y/y
The three GenCos’ increases were driven by a recovery of demand from households in industrial regions and new demand from Belarus... - 27.08.10
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State moves to pay down GenCo debts
The wholesale electricity market operator, has been cleared to attract a UAH 350mn credit facility to help pay off debts to state-controlled GenCos... - 19.08.10
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Kyiv to settle Kyivenergo arrears in early September
Kyiv accumulates debt to Kyivenergo from uncompensated losses stemming from the difference in municipal heating tariffs and Kyivenergo’s costs...
