PJSC Kyivenergo plans this year to invest about Hr 800 million in repairs, modernization and development, Director General of the Company Oleksandr Fomenko has said.
"In 2012, we invested more than Hr 800 million, and investment this year will be around the same level," he told reporters in Kyiv on Wednesday.
He said that about Hr 200 million of the sum would be raised in loans. The remaining funds would come from the depreciation and investment component stipulated in tariffs, as well as the shareholders’ investment.
Fomenko said that Kyivenergo would spend up to Hr 240 million on repairs and modernization of heating systems, while the remaining funds would be spent on electrical systems.
In general, the city’s thermal network is 68-70% depreciated and requires investment of about Hr 10 billion over seven or eight years.
As reported, Kyivenergo operates almost all of power facilities located in the capital, except for Darnytsia combined heat and power plant.
The largest vertically integrated energy holding of Ukraine, DTEK, owns 72.33% of Kyivenergo. Another 25% plus one share of the company belongs to Energy Company of Ukraine.
