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22 October 2017
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Kyiv may hire firm from Finland to manage municipal power grids

Deputy Chairman of Kyiv City State Administration (KCSA) Petro Panteleyev has held a meeting with Vice-President of the Finnish energy company Fortum Heikki Andersson in Helsinki, Finland, to discuss prospects for the management of Kyiv's power grids as the city's deal with PJSC Kyivenergo is about to expire.

Photo from UNIAN
Photo from UNIAN

"The Ukrainian capital is now facing strategic changes, as the deal that lasted over 16 years will soon expire, so it is very important to take into account and prevent all possible risks at the transition stage," Panteleyev said.

He also noted that the issues of possible cooperation between KCSA and Fortum had been tackled at the meeting as well.

Gas supplies to Kyiv’s TPP-6 cut over debtsFortum is a Finnish-based state-owned energy company founded in 1998. It is one of the largest thermal and electric energy suppliers in Europe, operating in the Scandinavian and Baltic countries, as well as in Poland and Russia.

UNIAN memo. Kyivenergo's shares are split into four packages: a 29% package belongs to DTEK ENERGY B.V. (the Netherlands), a 25% stake is owned by DTEK Holdings Limited (Cyprus), 18.3% by LLC DTEK Energy (Ukraine), and 25% of the shares are held by the State Property Fund of Ukraine.

DTEK is Ukraine's largest energy holding company with assets in coal mining, thermal power generation and distribution of electricity, oil and natural gas, renewables and energy efficiency.

It is part of Rinat Akhmetov's System Capital Management group.

Tags: Kyivenergo, DTEK, Finland, Fortum

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