10:30 04.09.2012

Switching Ukrainian heat power plants from gas to coal to save up to $4 b a year, says Regions Party MP

Regions Party faction MP Viktor Turmanov, who heads the Trade Union of Coal Industry of Ukraine, believes that the transfer of domestic heating and power plants from natural gas to coal will save up to $4 billion a year.

"The price that Ukraine currently pays for gas is extremely high. Therefore, according to the government's decision all thermal power plants in the near future will use coal," the MP was quoted by the Party of Regions' press service on Monday.

He said the country's coal reserves would last for 400 years.

According to the MP, Ukraine is overcharged for gas by about $6 billion. The transfer of Ukrainian thermal power plants to coal will save up to $4 billion.

"Last year has been the most successful for the Ukrainian coal industry over the history of [the country's] independence. We produced 80 million tons of coal. However, according to the calculations, we need to produce at least 110 million tons for the economy to feel confident. At present, the main objective of the coal industry is to fill this gap," Turmanov said.

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