Effectiveness via transparency: that’s the new approach employed by our Company to the sales of scrap metals accumulating in the course of our activity.
On 21 September 2016, Ukrenergo and SETAM signed an agreement on organization of electronic auction sales via setam.net.ua trading platform. Presently, this is a generally-accessible, simple and efficient method of online sales, which has been in operation since 2014.
The electronic auction system allows to avoid abuse of official capacity, facilitates maximum competition during auctions, and helps substantially increase the final value of sold commodities.
Five auction sales of scrap metals and used and written-off equipment were organized in 2016, generating the total of UAH 23.2 million (w/o VAT) in sales proceeds. At the same time, according to estimates by independent experts, the value of this commodity was only UAH 13.6 million (w/o VAT).
As of 01.02.2017, the economic effect for Ukrenergo from these auctions amounted to UAH 9.6 million (w/o VAT).