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  • The Supervisory Board of Ukrenergo discussed a new electricity market and integration into ENTSO-E with EU Ambassador to Ukraine Hugues Mingarelli

    On 10 December 2018, in the framework of its programme of stakeholder engagement, the Supervisory Board of SE NPC Ukrenergo met with EU Ambassador to Ukraine Hugues Mingarelli.

    The meeting covered the issues related to the cooperation between Ukrenergo and the EU and European institutions. In particular, the parties discussed the state of implementation of the new electricity market model in Ukraine, Ukrenergo’s corporatisation and its corporate governance reform, as well as the prospects of interconnection of the integrated power system (IPS) of Ukraine with the power system of the Continental Europe, launch of electricity import, etc.

    Chair of the Supervisory Board of SE NPC Ukrenergo Sevki Acuner informed Hugues Mingarelli on the activity of the Supervisory Board, establishment of its committees and the company’s main priorities for the nearest future.

    “Technical preparation of the Ukrainian power system to eventual synchronisation with the continental European power grid is a key strategic task for Ukrenergo for the following 5 years. Therefore, active partnership with and support from the European Commission in this context are very important for the company,” said Sevki Acuner.

    In turn, Hugues Mingarelli assured the members of the Supervisory Board that the European Commission actively supported integration of the electricity and gas markets into the European ones and stated that those issues were also a priority for the European Commission.

    The parties also raised the issue of possible launch of electricity trade with the EU countries under the market coupling in the nearest future within the Burshtyn Energy Island. Thus, CEO of Ukrenergo Vsevolod Kovalchuk stressed the importance of the market launch and technological readiness to ensure that trade and the necessity of putting in place relevant decisions by the authorities.

    In addition, the meeting also covered the course of Ukrenergo’s corporate governance reform and the necessary steps towards its unbundling and its subsequent certification as independent transmission system operator.

    The parties agreed to hold regular meetings for informing on the current state of affairs at Ukrenergo, introduction of a new electricity market, etc.

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