The Government of Ukraine puts the construction of Power Unit 6 of Sloviansk TPP on the priority list of investment projects
18-11-2020

The Cabinet of Ministers of Ukraine has set up a list of priority investment projects for the state for 2020-2023. It includes the Power Unit 6 of Sloviansk TPP to be constructed with loan funds and equity funds of PJSC Donbasenergo.

As the Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko commented within the government session that took place on November 18, 2020, the Decree of the Cabinet of Ministers will make it possible to approve the list of priority investment projects for the relevant years and define a mechanism to carry them out. This, as such, will let us look into the issue of priority financing of such projects, among others, by raising private investment funds, loans, etc. to carry them out. This will also put the government and business funds to good use for the best end result such as economic growth, raising investments, budget pumping and new jobs.

Notably, the draft government decree has been formulated pursuant to paragraph 56 of the Action Plan for the State Program of Economic Incentives to get over the adverse impacts of the restrictive actions scheduled for 2020-2022, aiming at averting the occurrence and spread of acute respiratory disease COVID-19 due to coronavirus SARS-CoV-2. The list of priority investment projects for the state in the areas like power engineering, culture, tourism infrastructure, scientific and educational infrastructure, healthcare, processing industry, waste management, border infrastructure, environmental protection, sports infrastructure, transport and postal services is defined in this document.

For reference: As of November 01, 2020, 60.86% holder of PJSC Donbasenergo is ENERGOINVEST HOLDING Private Joint Stock Company, 25% + 1 share are held by the state represented by the State Property Fund of Ukraine.

PJSC Donbasenergo unites two power plants: Sloviansk and Starobeshevo TPP (the latter has been located in the territory beyond the control of Ukraine since 2014). Since March 2017, due to the loss of control over the temporarily occupied Donetsk region, annual performance indicators of assets located there are not included in Donbasenergo consolidated records of accounts.

The total installed capacity of Sloviansk TPP is 880 MW.