12 Jan 2024 11:32

Ukraine's Energoatom repays some of its debts

MOSCOW. Jan 12 (Interfax) - Ukraine's Energoatom National Nuclear Energy Generating Company allotted 127.99 billion hryvni to compensate electricity tariffs for households in 2023, Ukrainian media quoted the company as saying on a social network.

Thus, Energoatom fully paid off the Guaranteed Buyer state enterprise (GarPok), through which the tariff compensation was carried out for 2023 and partially repaid the 2022 debt on compensation for electricity tariffs for households - 4 billion hryvni of the overall 21-billion-hryvni debt.

Energoatom noted that the expected spending on compensation for electricity tariffs for households was 7 billion hryvni smaller in 2023.

The company earned more by accelerating repairs, acting Energoatom CEO Pyotr Kotin said.

"We have repaired each of the nine reactor units and have finalized the work ahead of time and with due quality. The campaign pace allowed us to earn 4 billion hryvni, which, in particular, were spent on compensations for electricity tariffs for households. As of now, fresh nuclear fuel has been loaded in all units, which have been supplying Ukrainians with electricity and heating through almost half of this winter," Kotin said.

The company noted that Energoatom bears about 85% of the expenses (the rest is provided by Urkhydroenergo) on compensating electricity tariffs for households. The government extended the tariff of 2.64 hryvni per kV/h until April 30, 2024.

As reported, Energoatom paid over 21 billion hryvni as taxes and dues to the budget in 2023, which was 1 billion hryvni more than in 2021, when it was operating all 15 reactor units controlled by Kiev at the moment, including six reactors of the Zaporozhye NPP.

The company earned 68 billion hryvni and paid almost 11 billion hryvni as taxes to the Ukrainian state budget in the first half of 2023.