Ukrainian power system has enough capacity to export electricity to Europe - DTEK top manager

KYIV. March 25 (Interfax-Ukraine) - Exports of Ukrainian electricity to Europe could help support the national power system, DTEK CEO Dmytro Sakharuk said.

"The Ukrainian system has enough capacity to start exports to Europe. This will be very important for drawing the necessary funding to the Ukrainian power industry, a severe shortage of which is felt now," Sakharuk said at a press briefing at the Media Center in Lviv on Thursday.

Power consumption in the country has dropped by 30% and the settlements for consumed electricity by 70% since February 24, he said.

"In these conditions, each euro would be critical for supporting the power system," Sakharuk said

DTEK favors the soonest possible resumption of electricity exports, which were halted along with imports after the Ukrainian Integrated Power System, merged with the Burshtyn TPP Energy Island, was put in isolated mode on February 24, he said.

"We want our economic relations with Europe to be resumed as soon as possible, which would help support Ukraine's power system in this extremely difficult period," Sakharuk said.

The Ukrainian power system's operation is stable, with the utility frequency maintained at 50 Hz, which is "critically important for the Europeans, as the Ukrainian power system has been part of Europe's major power system after synchronization," he said.