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Ukraine imports power from Russia at favorable prices — minister

January 20, 2015, 20:26 UTC+3 KIEV
The import price is “much lower” than electricity cost on the Ukrainian market, Ukrainian Minister of Energy and Coal Industry Volodymyr Demchishin said
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© ITAR-TASS/Denis Rusinov

KIEV, January 20. /TASS/. Ukraine imports electric power from Russia on favorable terms, all speculations on the issue are groundless, Ukrainian Minister of Energy and Coal Industry Volodymyr Demchishin said at a press-conference of Tuesday.

He added that the import price is “much lower” than electricity cost on the Ukrainian market and the agreement showed profit.

The two sides negotiate scopes and terms of supplies on a daily basis, and if Kiev is no more comfortable with the conditions, it can abandon the imports, the minister said. The Ukrainian side may keep relevant capacities of thermal power plants in standby and accumulate coal in storages owing to cheaper Russian electric power, Demchishin added.

The minister said that the state company Ukrinterenergo sells electric power to Crimea on easy terms. “We deliver electric power to Crimea with a good margin,” he said, adding that the agreements on electric power imports from Russia and on supplies to Crimea are not related.

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