Government approves Ukrhydroenergo fiscal plan for 2016 with UAH 1.2 bln net profit

16:37, 01.07.2016 1 min read

The Cabinet of Ministers has approved the financial plan of PJSC Ukrhydroenergo for 2016 with a planned net profit of UAH 1.221 billion.

According to Minister of Energy and Coal Industry Ihor Nasalyk, the company's revenue this year is expected to reach UAH 4.836 billion.

As reported, Ukrhydroenergo in 2015 saw net profit rise by 2.3 times compared to 2014, to UAH 1.091 billion, net income by 1.7 times, to UAH 4.469 billion, EBITDA by 64.7%, to UAH 2.688 billion.

Electricity production by the nine hydroelectric plants of the company fell by 26.2% in 2015 compared to 2014, to 6.425 billion kWh.

Ukrhydroenergo operates all of the major hydroelectric power plants on the Ukrainian sections of the Dnipro and Dniester rivers. Their total electricity generating capacity comes to five gigawatts. The state owns 100% of the company shares.