Energoatom boosts revenue from electricity sales by over 17% in nine months

Payments of the wholesale electricity market for energy supplied by Energoatom in the nine months of 2017 amounted to UAH 32.07 billion (92.8%), or $1.2 billion, while debts on electricity bills were estimated at UAH 2.5 billion, or $93.4 million.

The debt of the state-owned enterprise Energorynok, the operator of Ukraine's wholesale electricity market, before Energoatom totaled UAH 12.407 billion, or $463 million, taking into account the electricity sold in previous periods, the report said.

Read alsoEnergoatom to plan repairs to nuclear reactors for four years aheadThe company's electricity output rose from 57.701 billion kWh to 57.701 billion kWh in January-September 2017 year-over-year. Energoatom's share in the Ukrainian electricity market was 56.6% over the period under review.

As UNIAN reported earlier, Energoatom reduced its net profit by 97.8% in 2016, to UAH 187 million, or $7 million.

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.