14:20 19.10.2018

Energy minister signs order to appoint members of Ukrenergo's supervisory board

2 min read
Energy minister signs order to appoint members of Ukrenergo's supervisory board

Ukraine's Energy and Coal Industry Minister Ihor Nasalyk has signed an order to appoint members of the supervisory board of state-owned enterprise (SOE) National Energy Company Ukrenergo.

The electronic copy of order No. 520 dated October 19, 2018 has been posted on the official Facebook page of the ministry.

As reported, former head of the EBRD representative office in Ukraine Sevki Acuner, ex-president and CEO of Energinet (Denmark) Peder Andreasen, General representative of the National Academy of Technologies of France, having experience of working in EDF, Elf Aquitaine, Total and the French Energy Council Olivier Appert, co-founder and CEO at DFC Economics (Italy), who earlier worked in TERNA Rete Elettrica Nazionale and Enel, Luigi De Francisci joined the Ukrenergo's supervisory board.

Deputy State Secretary of the Cabinet of Ministers Serhiy Kushnir, State Secretary of the Ministry of Energy and Coal Industry Maksym Nemchynov and Advisor to Deputy Prime Minister Oleksandr Poplavsky will represent the state on the board.

As specified in the charter of Ukrenergo, the supervisory board approves the company's development strategy, the annual financial plan, controls its financial and commercial activities, approves regulations regarding the control over the company’s activities, adopts decisions on the issue and placement of securities (other than shares), selects independent and internal auditors and appraisers of property, forms the basis of corporate and social responsibility of the enterprise, as well as its anti-corruption policy.

Ukrenergo operates trunk and interstate transmission lines, as well as centralized dispatching of the country's integrated power grids. Ukrenergo is a state-owned enterprise under Ukraine's Ministry of Energy and Coal Industry.

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