Ukraine’s national energy company, Ukrenergo, reported UAH 2.7 bln in losses. The entity which is managed by the Ministry of Energy reported the losses for the three quarters of 2021. In the first half of the year, the financial result recorded a profit of UAH 306.7 mln, while ... #Ukrenergo #UkrenergoLosses
Ukrenergo lost $1 billion last year, a sharp turnaround from nearly $70 million profit in 2019. The state company says its core activity – power transmission — is profitable. But losses come from subsidizing electricity to low income households and from national rates that do not cover ele... #Ukrenergo #UkrenergoLosses
