Ukraine`s nuclear giant sees 5% rise in revenue from electricity sales in nine months

State-run national nuclear energy company Energoatom, which operates all nuclear power plants in Ukraine, saw a 5% increase in revenue from electricity sales January through September 2016 from the same period last year, to UAH 29.514 billion, or US$1.14 billion, according to a corporate report.

The payments Energoatom received from the wholesale electricity market in the nine months of 2016 amounted to UAH 26.449 billion, or $1.03 billion (89.6%).

State-run Energomarket, the operator of the wholesale electricity market, owes UAH 11.947 billion, or $463 million, to Energomarket for bought electricity, including for the previous periods.

From January to September 2016, the company generated 57.7 billion kWh, whereas its power output in the same period last year was 64.389 billion kWh.

In the nine months of 2016, the company`s share on the Ukrainian electricity market exceeded 53%.

As UNIAN reported earlier, in 2015, Energoatom increased its revenue from selling electricity by 41.6% year-over-year, to UAH 39.345 billion. In 2014, the company saw a 34.9% increase in its revenue, to UAH 27.794 billion.

Memo. Energoatom is Ukraine`s largest electricity producer, accounting for about 50% of the country`s overall power output. Energoatom is in charge of the safe operation of all nuclear power plants in the country.

Ukraine ranks seventh in the world in terms of the installed capacity of its nuclear power generating units. Energoatom operates four nuclear power plants in Ukraine with 15 power generating units, all with VVER-type reactors. Zaporizhia nuclear power plant, operating six power units with a total capacity of 6 GW, is Europe`s largest NPP.

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