Yuriy Prodan Appointed As NCECU President.

Yuriy Prodan was reappointed Deputy Fuel and Energy Minister and named President of the National Energy Company of Ukraine (NCECU). The two positions were recently combined into one post. Concorde Capital: By combining the two positions, the importance of the NCECU over the energy sector will increase. Prodan is a powerful figure in the sector. His appointment as president of the NCECU will strengthen the energy company’s lobbying power. Moreover, this appointment makes us optimistic about future changes in the electricity sector. In particular, we believe that this will have a positive effect on energy coal pricing principles, which will improve the competitiveness of Centrenergo (CEEN: HOLD) and Zakhidenergo (ZAEN: HOLD) on the internal electricity market.