National Power Company Ukrenergo is a private joint stock company with 100% state-owned shares, which is managed by the Ministry of Finance of Ukraine. Ukrenergo is the transmission system operator of Ukraine with the functions of operational and technological control of the Integrated Power System of Ukraine (IPS), transmission of electricity via trunk power grids from generation to distribution networks, as well as commercial metering administrator and settlement administrator of the electricity market of Ukraine.
- the balance of production and consumption of electricity and capacity in the power system in real time;
- the operation and development of trunk and interstate power grids;
- the parallel operation of the power system of Ukraine with the power systems of neighbouring countries;
- the technical possibility of export / import of electricity to 4 countries of the European Union and neighbouring countries.
The company has 6 regional power systems: Dniprovska, Zakhidna, Pivdenna, Pivdenno-Zakhidna, Pivnichna, and Tsentralna*. There are also two specialized separated subdivisions: Budivnytstvo i remont (Construction and Repair) and Ukrenergoservice (logistical and service support of Ukrenergo).
Our personnel of above 8 thousand employees maintain unique high-tech equipment of 103** substations of 220-750 kV and over 19 thousand kilometers of trunk and interstate transmission lines, which annually transmit hundreds of billions of kilowatt-hours of electricity from generation to distribution networks.
Ukrenergo builds new substations and transmission lines, reconstructs and enhances the efficiency and reliability of power grids, ensures additional nuclear generating capacity and RES integration into the power system, and provides technical compliance with the standards and requirements of ENTSO-E. Annual investments reach up to UAH 6 billion.
Ukrenergo raises credit funds of the World Bank, the European Bank for Reconstruction and Development, the European Investment Bank and the German KfW Group to implement the largest and most resource-intensive projects.
The loan portfolio of Ukrenergo is 1.4 billion euros.
Ukrenergo has been actively working on a strategic goal – integration of the IPS of Ukraine into the European Network of Transmission System Operators for Electricity, ENTSO-E. On 28 June 2017, the Agreement on the conditions for the future integration of the power systems of Ukraine and Moldova with the power system of Continental Europe was signed. Since then, the company has been systematically moving towards the integration roadmap performance. An operational agreement on the establishment of a joint Ukraine / Moldova control unit has been signed. Equipment of 8 power plants was tested for frequency and power control to study the possibility of synchronous operation of the power systems of Ukraine and Moldova with ENTSO-E. A Service Contract has been signed with a consortium of transmission system operators of ENTSO-E for modeling the operation of the power system of Ukraine and ENTSO-E and conducting research on the stability of the power systems. The results of the research will be the basis for deciding on the possibility of synchronizing the power system of Ukraine with ENTSO-E.
Ukrenergo made every effort to ensure the formation of secondary legislation on the functioning of the new model of the electricity market, as well as introduced the Market management system (MMS) platform for the purchase/sale of electricity in the balancing market and the ancillary services market.
Ukrenergo is one of the key players in the electricity market, which performs the functions of the administrator of commercial metering and the administrator of settlements, as well as its obligations to ensure the public interest (PSO) in the functioning of the electricity market.
Ukrenergo expands the scope of international cooperation to integrate the world’s best practices during technological upgrades, as well as institutional and corporate reforms in the company. In 2018, an independent Supervisory Board and a full-fledged compliance office were established.
In 2019, the company was corporatized and transferred to the Ministry of Finance of Ukraine.
Our integrated management system meets the requirements of the international standards ISO 9001: 2015, ISO 14001: 2015, and ISO 45001: 2018.
* As well as Donbaska and Krymska power systems located in the temporarily occupied territories of Donbas and the Autonomous Republic of Crimea, and which do not carry out economic activities
** Excluding 34 substations and a number of transmission lines located in the temporarily occupied territories of Donbas and the Autonomous Republic of Crimea