Industrial production in Ukraine continued to decline, resulting in a decrease in electricity consumption. In 1Q 2014, electricity consumption by industrial companies dropped by 3.4% YoY to 16.4 billion kWh. Overall demand for electricity in Ukraine decreased by 2.2% to 49.3 billion kWh.
„We understand that an economic recession in the country in the near future is inevitable,” said Maxim Timchenko, DTEK’s CEO, about the Company’s performance results in 1Q 2014. „Our next task in difficult times like these is to adhere to our plans in terms of our companies’ operations in order for the country’s budget to get taxes regularly and for people to be able to work and receive their salaries on time. We are not suspending our strategic investment projects to develop our companies. Modernization for us is not only about increasing technical and economic targets, but about extending the life of our companies, which will ensure the stable employment of thousands of our employees and the implementation of social programs in the regions where we operate and the development of Ukraine’s economy.”
DTEK decreased electricity supply by 3.1% to 12.9 billion kWh in 1Q 2014.
Main factors influencing the production performance:
· Decreased total electricity consumption in Ukraine by 2.2% or 1.1 billion kWh YoY in 1Q 2014;
· Increased market share of nuclear power plants (from 44.0% to 46.2%), municipal combined heating power plants and isolated generation plants (from 4.9% to 5.6%), and renewables (from 0.5% to 0.9%) in the Ukrainian electricity generation market;
· Reduced electricity exports by DTEK by 6.2% or 139.1 million kWh;
· Increased electricity generation by the Botievo wind farm by 132.4% or 104.1 million kWh, due to the commissioning of the second stage of the farm.
Key projects in progress in the reporting period:
In 1Q 2014, DTEK continued retrofits to power unit #3 at DTEK Zaporizka TPP, power unit #1 at DTEK Kryvorizka TPP, power unit #13 at DTEK Luhanska TPP, and power unit #8 at DTEK Dobrotvirska TPP. The Company plans to allocate UAH 2 billion for the upgrades.
In early April, DTEK took unit #3 at DTEK Zuivska TPP and unit #9 at DTEK Kurakhovska TPP out of service for retrofitting. Total investments will exceed UAH 1 billion.
The technical re-equipment of these units will prolong their service life by at least 15 years, increase their capacity, and expand their flexibility range. The modernisation will reduce specific fuel consumption for electricity generation, resulting in lower production costs. Since 2012, as part of retrofits, electrostatic precipitators at all DTEK’s TPP units have been reconstructed to comply with the dust emission level stipulated by Directive 2001/80/ЕС.
The Botievo wind farm is completing the commissioning of second stage wind turbines with a total capacity of 107.6 MW. The total capacity of the Botievo wind farm will be 200 MW.
Electricity transmission via grids
DTEK decreased electricity transmission by networks by 4% to 14.8 billion kWh in 1Q 2014.
Main factors influencing the production performance:
· Ukrainian industrial enterprises decreased power consumption by 3.4% or 0.6 billion kWh YoY in January-February 2014;
· Electricity supply to DTEK Power Grid and DTEK Dniprooblenergo decreased by 6.0% and 5.6%, respectively, as a result of reduced demand from metals manufacturers.
Key projects in progress in the reporting period:
In 1Q 2014, DTEK’s distribution companies continued to implement projects for upgrading and constructing new power substations. All projects were aimed at improving the sustainability of electricity supplies to industrial and household consumers and related licensees.
The Company also continued to implement a project to construct a SMART power consumption measuring system to decrease excessive losses.
To improve the quality of its services, the Company continued to develop online payment services for electricity consumers and opened modern Customer Service Centres (CSC), which operate on the basis of a „one-stop shop” principle. In 2014, DTEK’s distribution companies plan to open about 16 CSCs in Kyiv, Selydove, Nikopol and other cities.
Major investment projects:
· retrofitting of the Lvivska, Sviatoshynska and Olenivska substations (Kyivenergo) to improve the sustainability of electricity supplies to consumers in Kiyv and create reserve capacities to be able to add new entities;
· construction of the Kuban substation (DTEK Krymenergo) to ensure electricity supplies to rapidly developing districts of the city of Simferopol;
· retrofitting of the Yalta and Alushta substations (DTEK Krymenergo) to eliminate capacity shortages in the Greater Yalta area and ensure electricity transit along the southern shore of Crimea;
· opening of an automated call centre (DTEK Donetskoblenergo), which became the first call centre of its kind in the energy sector of Donetsk region.
Production of natural gas and gas condensate
At the end of 2013, DTEK finalized the acquisition of 50% of the shares of PJSC Naftogazvydobuvannya, Ukraine’s largest private gas producer. In 1Q 2014, the Company produced 165 million cubic meters of natural gas and 6,300 tons of gas condensate, which exceeded its production in 2013 by 56.6% and 101.1%, respectively.
Main factors influencing the production performance:
· completion of the drilling of well #8 at the Semyrenkivske field;
· completion of the workover of wells #60 and #4 at the Semyrenkivske gas condensate field;
· optimization of the operational modes of the wells at the Semyrenkivske gas condensate field.
Capital investments:
The capital investments of PJSC Naftogazvydobuvannya amounted to UAH 400.7 million in 1Q 2014. These funds were used to continue drilling operations, develop infrastructure at the three new wells, build the Olefyrivska Central Gas Processing Plant, gas pipelines and other infrastructure facilities, and perform geological prospecting.
См. также:
Энергобезопасность и энергосбережение в ЖКХ
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