7 October 2011
Coal of Ukraine will supply 1.17 mln mt of coal to Zakhidenergo (UX: ZAEN UK, HOLD) in 4Q11 at UAH 908 per mt ex. VAT, according to the Ministry of Economic Development’s website yesterday. Antonina Davydenko: This tender price is 21.2% lower than in a tender DTEK Trading won to supply 1 mln mt of coal to Zakhidenergo in 4Q11-1Q12 at UAH 1,100 per mt ex. VAT. We estimate the contracted amount to be approximately 18% of Zakhidenergo’s annual coal consumption.