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Centrenergo exported electricity for the first time

On April 26, Centrenergo exported electricity for the first time in its history. Moldova became the first country to import it.

This was reported by the press service of the State Property Fund.

Quote"The export will enable Centrenergo to reduce its dependence on the situation on the domestic electricity market and gain access to the EU markets. The Company is working to develop cooperation with the European energy sector in order to increase the volume of electricity exports," the Fund reports.

Centrenergo is a state-owned energy company that includes three thermal power stations: the Vuhlehirsk, Zmiiv, and Trypillia stations. The company accounts for 8% of power generation and supply on the Ukrainian market.

The Ukrainian government has been preparing Centrenergo for privatization since 2020 and has even developed a plan for the creation of a vertically integrated company based on Centrenergo and a few state-owned mines.

The company was scheduled to be privatized in 2022. The starting price for Centrenergo was set at ₴375 million (around $10.156 million).

Earlier, on February 13, Centrenergo sold electricity on the Ukrainian Energy Exchange. The company sold 14,500 mWh for the period of February 17–28.

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