Conventional Thermal Electricity Producers Decrease Gas Use By 28%?

According to information from the Fuel and Energy Ministry, Ukrainian TPPs and CHPPs cut their gas consumption by 28% yoy during the first ten days of January. To compensate they increased their use of coal by 28%. Concorde Capital: This does not necessarily mean that Ukrainian power plants were successful in significantly reducing there gas use: 68% of the gas used in electricity production in 2005 was consumed by CHPPs, which cannot swap gas for coal. Still, we expect the electricity sector to outperform the Ministry’s 3.9% gas reduction plan for 2006.