Centerenergo has paid more than 475 million hryvnias to the mines since the beginning of the month and has no debts, according to the company’s website.
As you know, Centerenergo – the only consumer of coal from state-owned mines, buys almost the entire volume of their production under direct contracts.
“However, the current purchase price of coal – UAH 1,650 / t – does not allow PJSC Centerenergo to reach the level of profitability. PJSC Centerenergo is forced to compete with private heat generation companies, which allow their own mines to produce at a competitive cost,” the statement said.
In this regard, Centerenergo proposes to create a vertically integrated company by merging Centerenergo with promising state-owned mines and attracting sufficient investment for their modernization.
It is noted that such a model will make Centerenergo attractive to potential investors in the future privatization, as well as create opportunities for miners, timely payment of wages and solving social problems of mining teams.
A working group has been formed on the basis of Centerenergo to study the possibility of creating a vertically integrated company.
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