Ukrenergo will hold negotiations with all of its suppliers to reduce prices

The corresponding decision is stipulated in order No. 292 dated October 7 made by company acting CEO Vsevolod Kovalchuk.

"[The company will seek to reduce prices of supplies] in connection with the stabilization of the national currency exchange rate, the termination of the fall of Ukraine's economy (GDP growth, according to the NBU, in the third quarter 2015 was 1%), and taking into account partial payment by Energomarket for electricity transmission services," the company said.

"I expect that in 90% of our contracts we'll reduce prices by 10% or even halve all purchase prices. Absolutely all the information on contractors who voluntarily agree to reduce prices on the objects [of current construction], which will be cheaper than they would cost if there are no these changes, will be available on our website," Kovalchuk told journalists in Kyiv.