Home
/
News
/

DTEK Energy power generation slides 4% in 9M18

DTEK Energy power generation slides 4% in 9M18

1 November 2018

Ukraine’s leading coal and power holding DTEK Energy
(DTEKUA) generated 27.51 TWh of electricity in 9M18, which is 4.0% less yoy,
according to Concorde Capital’s calculations based on sector-wide data provided
by Energy Ministry. DTEK’s power unit burning hard coal increased power
production 1.8% yoy to 22.25 TWh, while output at units burning scarce
anthracite coal fell 30% yoy to 3.13 TWh, we estimate. Its combined heat and
power plants produced 2.13 TWh in 9M18, or 9.2% less yoy. In September alone,
DTEK produced 2.62 TWh of electricity, or 26% less yoy.

 

Alexander Paraschiy: DTEK’s 9M18
power production fell because its competitors, Donbasenergo and Centrenergo,
boosted their output (95% and 52% yoy, respectively) from last year, when they
had coal supply problems. On top of that, DTEK’s Kyivenergo, which used to
operate two large Kyiv-based heat & power plants, halted their leasing as
of August 2018. With this loss of power generating assets, we see DTEK’s power
production will drop in 2018 by about 6% yoy to 37.5 TWh. The assets that DTEK
lost in Kyiv were loss-making, so the holding will only improve its profit
without them. We retain our neutral view on DTEKUA Eurobonds.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...