Ukrainian operator of nuclear power plants boosts revenue from electricity sales by 21% in four months

State-run Energoatom, the operator of Ukrainian-based nuclear power plants, boosted revenue from electricity sales by 21% in January-April 2017 year-over-year (y-o-y), to UAH 16.835 billion, or US$636 million, according to the company`s report.

Payments of the wholesale electricity market for energy supplied by Energoatom in the four months of 2017 amounted to UAH 13.765 billion (81.8%), or $520 million, while debts on electricity bills were estimated at UAH 3.07 billion, or $116 million.

The debt of the state-owned enterprise Energorynok, the operator of Ukraine`s wholesale electricity market, before Energoatom totaled UAH 13.010 million, or $491,500, taking into account the electricity sold in previous periods, the report said.

The company`s electricity output rose from 27.468 billion kWh to 29.729 billion kWh in January-April 2017 y-o-y. Energoatom`s share in the Ukrainian electricity market was 57% over the period under review.

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

Ukraine ranks seventh globally in terms of the installed capacity of its nuclear power generating units. Energoatom operates four nuclear power plants across Ukraine with a total of 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.

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