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Kyvienergo sends another Hr 470 million in debt for gas to Naftogaz

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Aug. 7, 2012, 12:53 p.m. | Business — by Interfax-Ukraine

Public joint-stock company Kyivenergo, which exploits Kyiv's energy complex, has paid off another Hr 470,093,604 of its debt for natural gas consumed in the production of heat for households, the press service of the energy company reported on Tuesday.
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Public joint-stock company Kyivenergo, which exploits Kyiv's energy complex, has paid off another Hr 470,093,604 of its debt for natural gas consumed in the production of heat for households, the press service of the energy company reported on Tuesday. 

The company said the debt was paid when Kyivenergo obtained funds on August 6, 2012 from Kyiv city administration to compensate for the difference in heat production cost and existing heat tariffs.

Thus, the company's debt for gas supplied for the production of heat fell to Hr 1.37 billion. The debt to Kyivenergo for compensation of the difference in the tariffs as of August 7, 2012 narrowed to Hr 2.23 billion.

Kyivenergo operates almost all power facilities in Kyiv with the exception of the Darnytsa heat and electricity station. The company increased electricity output in the first half of this year by 3.7% year-on-year to 2.843 billion kWh.

Private energy holding DTEK owns a 71.82% stake in Kyivenergo. National JSC Energy Company of Ukrainian holds 25% plus one share. 

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