Ukraine Increases Electricity Exports To Moldova.

Yesterday the president of the National Energy Company of Ukraine (NC ECU) announced that Russia stopped exporting electricity to Moldova in May 2006. The resulting excess demand was compensated by an increase in Ukrainian exports. If Russia does not restore exports to Moldova (which is likely), Ukrainian exports would grow by about 0.5 TWh in 2006. Concorde Capital: According to the contract signed between Russian RAO UES and Ukraine, Ukrinterenergo export to Moldova 0.8 TWh annually, and transmits Russian electricity (also 0.8 TWh) for export to Moldova. The contract expired in April 2006, and Ukraine which has an excess supply of electricity, does not have any incentive to prolong it. Increasing Moldavian exports would increase total demand for Ukrainian electricity by about 0.3% in 2006.