1.2.1. FUEL AND ENERGY COMPLEX

Electric power sector

Compared to 1999, in 2000, the total generation of electric power by the power stations within the energetic system of Ukraine decreased by 0.5% to 170.7 bln. kWh. At the same time, generation of electric power by nuclear power stations added 7.3%.

Generation of electric power by hydro-electric plants accounted for 11.4 bln. kWh, which is 21.2% down from 1999. In 1999, due to extremely high water content, as well as due to intensity of fuel and energy complex, capacities of hydro-electric plants within the Dnieper cascade and those of Dniester Hydro-Electric Plant were maximally utilized, which allowed generating 14.5 bln. kWh of electric power.

Electric power generated by heat power plants in 2000 accounts for 44.7% of the total volume, by nuclear power plants – 45.3%, and by hydro-electric plants – 6.7% (in 1999 respectively 46.4%, 42.0%, and 8.4%).

As of the beginning of 2000, coal reserves at power stations accounted for 1.2 mln. tons and masut reserves – for 225 ths. tons.

Average daily supply of power resources in 2000 was as follows: coal – 78.6 ths. tons; masut – 0.6 ths. tons; gas – 33.0 mln. cu meters (in 1999 respectively 76.1 ths. tons; 1.8 ths. tons, and 34.3 mln. cu meters).

In January-December, average daily expenditures were as follows: for coal – 72.9 ths. tons; masut – 0.58 ths. tons; gas – 33.0 mln. cu meters (in 1999 respectively 77.5 ths. tons; 1.7 ths. tons, and 35.6 mln. cu meters).

In 2000, overseas supplies of coal accounted for 2.0 mln. tons against 1.3 mln. tons in 1999, that is 1.6 times up.

The balance of coal as of January 01 2001 amounted to 2.2 mln. tons (1.8 times up from 1999), masut – 248 ths. tons (10.2% up).

In January 2001, daily need in fuel accounted for: coal – 77.1 ths. tons; masut – 0.3 ths. tons; and gas – 52.3 mln. cu meters.

In 2000, sales of power to consumers amounted to UAH 14.7 bln., the portion of actual payments was at 92.1%, including 58.1% of payment in cash.

In 2000, receivables for power sold to consumers added 21.3% and settled at UAH 7.9 bln. as of January 1 2001.

Traditionally, the major indebtedness belongs to the enterprises of Goszhilkommunkhoz (a 27.3% of the total debt), agricultural complex (13.0%), and coal industry (14.5%).

In January-December 2000, payables increased by 23.1% to UAH 17.7 mln. as of January 1 2001. Payables exceed receivables more than two times, which evidences hard financial and economic standing of the industry.

Coal industry

In 2000, Ukraine extracted 80.3 mln. tons of coal, which is 0.8 mln. tons lower than in 1999. Extraction of coking coal expanded (+10.5% versus 1999). The plan for coal extraction was fulfilled for 89.8%.

The volume of preparation works lowered by 4.8% as compared to 1999.

Some 62.2 mln. tons were shipped to Ukrainian and overseas consumers by coal enterprises, which is 2.1% up from 1999.

In 2000, some 24.2 mln. tons were supplied for coking, which is 15.8% up from 1999 and 30.8% up from what was foreseen by agreements on production of coking stock.

Supplies to electric stations accounted for 26.7 mln. tons against 26.4 mln. tons in 1999. Increase in supplies of coal to the heat power stations foremost occurred due to increase in supplies of coking coal to power companies and decrease in its supplies to other consumers. Despite the increase in coal supplies to heat power stations, its supplies were 5.1 mln. tons lower then power companies need.

In the 11 months of 2000, the price for one ton of coal products increased by 12% compared to the respective period of 1999 to UAH 103.95. Simultaneously, the cost of one ton of ready coal products increased by 13.3% to UAH 111.37.

In 2000, budget financing of coal industry restructuring did expand. As of December 31 2000, the total budget financing accounted for UAH 1,896.2 mln., which is equivalent to 100% of annual financing, UAH 195.25 mln. are allocated additionally, including UAH 180 mln. in pursuance of the Article 712 of the State budget.

The level of inflows from sales of coal products did move up. In 2000, a 56.4% of product was sold (40.6% in 1999), including 35.5% – for cash (4.7%).

The situation with settlements among the power companies and coal producers improves: the power market paid for 35.5% of coal in cash (4.7% in 1999). Still, receivables for shipped coal products are weighty, as of December 21 2000 these equaled to 12% of the total sales.

As of December 01 2000, payables of coal enterprises accounted for UAH 11.4 bln. and exceeded receivables 2.4 times.

As of January 1 2001, 82 mines stopped mining works and 52 mines were physically closed.

Oil and gas complex

In 2000, Ukraine extracted 3,692.5 ths. tons of oil with gas condensate (97.1% versus 1999) and 18.04 bln. cu meters of gas (99.1%).

Presently, over the half (57%) of currently explored reserves by their characteristics belong to the category of hardly exploited.

In 2000, the enterprises of Gosneftegazprom (National JSC Neftegaz Ukrainy) conducted 147.2 ths. meters of exploration and 297.6 ths. meters of exploitation boring, which is 30.4% and 12.1% up from 1999.

In 2000, there were eight auctions to sell natural gas. The total volume of natural gas purchased at trades accounts for 823.2 mln. cu meters worth UAH 113.1 mln.

Starting May 1 2000, there also started auctions for sale of oil, gas condensate, condensed gas and coal extracted and manufactured at the Ukrainian territory. 1.3 mln. tons of oil; 138 ths. tons of gas condensate, and 70.1 ths. tons of condensed gas was sold at these auctions.

The level of payments for consumed natural gas also increased. While in 1999 only 38.8% of consumed gas was paid for, including 15.2% in cash, in 2000 this figure increased to 76.7% (about a double increase), including in cash – 49.2% (3.3 times more).

The average level of payments in Ukraine is at 76.7% (38.8% in 1999). Besides, the level of payments made directly by the population did increase: during the year, a 88.6% of consumed gas was paid versus 58.8% in 1999. Budget and public utility organizations exceeded 100% level of payments (105.9% and 160.3% respectively).

Oil refining

Compared to 1999, in 2000, the volume of primary oil refining at the Ukrainian oil refineries reduced by 25%. Respectively, manufacturing of key products went down: automobile petrol (-17%), diesel fuel (-20%), and flue masut (-25%).

Shortage of current assets at oil refineries provided for intensive usage of give-and-take raw materials (90%) in the total volume of refining. In such conditions, efficiency of oil refining is 5-6 times lower, than when refining oil purchased for own funds.

According to operative data, in 2000, Ukraine imported 1,767.7 ths. tons of petrol and 2,20.8 ths. tons of diesel fuel, which is 10% and 29% up from 1999.

[12.12.2000]

Official date the site was started

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