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You're reading: Kyivenergo transfers another Hr 669 million to Naftogaz due to debt for gas

PJSC Kyivenergo, the operator of the Kyiv power complex, has transferred another Hr 669.202 million to Naftogaz Ukrainy due to its debt for gas consumed for heat production for the needs of the population.

According to the press service of Kyivenergo, part of the debt was
repaid after the company on September 14 received funds from Kyiv City
State Administration to compensate for the difference between the cost
of heat production and the current heat tariffs for the public.

Thus, the company’s debt for gas used for heat production decreased
to Hr 593 million. At the same time, the debt of the city to Kyivenergo
for compensation for the difference in the rates decreased to Hr 1.629
billion.

As reported, on July 31, 2012 Kyivenergo paid off another Hr
742,128,522 of its debt for natural gas consumed to generate heat for
households. On Aug. 7, 2012 it paid off another Hr 470,093,604 of its
debt to Naftogaz Ukrainy, and on Aug. 14 – another Hr 124.243
million.

Kyivenergo operates almost all power facilities in Kyiv with the exception of Darnytsia combined heat and power plant.

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

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