Energoatom boosts revenue from electricity sales by 21% in four months

Payments of the wholesale electricity market for energy supplied by Energoatom in the four months of 2017 amounted to UAH 13.765 billion (81.8%), or $520 million, while debts on electricity bills were estimated at UAH 3.07 billion, or $116 million.

The debt of the state-owned enterprise Energorynok, the operator of Ukraine's wholesale electricity market, before Energoatom totaled UAH 13.010 million, or $491,500, taking into account the electricity sold in previous periods, the report said.

Read alsoSynchronized power grids of EU, Ukraine to contribute to Ukrainian exports – EnergoatomThe company's electricity output rose from 27.468 billion kWh to 29.729 billion kWh in January-April 2017 y-o-y. Energoatom's share in the Ukrainian electricity market was 57% over the period under review.

UNIAN memo. Energoatom is Ukraine's largest electricity producer, accounting for about 50% of the country's overall power output. Energoatom is responsible for the safe operation of the country's nuclear power plants.

Ukraine ranks seventh globally in terms of the installed capacity of its nuclear power generating units. Energoatom operates four nuclear power plants across Ukraine with a total of 15 power generating units, all with VVER-type reactors. Zaporizhia nuclear power plant, operating six power units with a total capacity of 6 GW, is Europe's largest.