Ukraine Enters Belarus Energy Market

In November 2010 Vostokenergo (DTEK) plans to export up to 136 million kWh of Ukrainian electricity to Belarus.
“DTEK's entry to the Belarusian energy market will boost Ukraine’s electricity export by more than 30%. It also helps to optimize the balancing load of Ukrainian TPPs, increasing their profitability. Furthermore, the export sales of Ukraine’s electricity will become more diversified”, commented Maxim Timchenko, DTEK's CEO.
On November 8, 2010, the Ministry of Fuel and Energy of Ukraine granted a permission to Vostokenergo (DTEK) to use the transmission capacity of the Ukrainian interborder electricity networks for exports to the Republic of Belarus if it was technically possible taking into account the capacity taken up by SFTC Ukrinterenergo. The Ministry of Fuel and Energy, being the authorized central executive body in the fuel and energy sector, defines the conditions for usage of available transmission capacity of the interstate electricity networks of Ukraine for a period before the auctions.
Energorynok state enterprise shall provide for the electricity suppliers to enter into agreements on purchase of electricity in the wholesale energy market to be further supplied to the Republic of Belarus at the wholesale market price net of subsidies for compensation of losses related to electricity supplies at the regulated tariff.
DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM).