You're reading: Novak says Russia, Ukraine sign two electricity supply contracts

Moscow - Russian and Ukrainian companies have signed two electricity supply contracts, Russian Energy Minister Alexander Novak said. 

“The Russian Energy Ministry reports the conclusion of agreements between
Inter RAO UES and Ukrinterenergo on exports of electricity from Russia’s unified
energy system to Ukraine’s. The one-year contract enters force on December 30,
2014 and provides for delivery of up to 1,500 megawatts,” an Energy Ministry
spokesman reported, citing Novak.

“In parallel, in order to ensure reliable and uninterrupted supplies of
electricity to Crimea, a second agreement between Inter RAO subsidiary Center
for Payment Settlements (TsOR) and Ukrinterenergo has been signed,” Novak said.