Russian War Against Ukraine: Energy Dimension (daily updating DiXi Group alert)
— On March 11, the Russian military attacked (presumably, with modified S-300 missiles) a life support facility in the city of Zaporizhzhia. As of March 13, enemy’s artillery shelling damaged power grids in the areas close to combat in the Kharkiv and Kherson regions.
— The Acting Head of the State Nuclear Regulatory Inspectorate Oleh Korikov said that unauthorized changes to the design of nuclear facilities are taking place at the occupied Zaporizhzhia NPP. This includes interference with heat and power supply systems, building unknown structures near the backup power plant of unit 6. The internal crisis center at the ZNPP site has been dismantled and has no connection with the external one in Zaporizhzhia.
— Power system operates with no deficit. Due to equipment overload, emergency outages are in effect in some districts of Kyiv and the Kyiv region. In the Zhytomyr and Kharkiv regions, hourly outage schedules can be applied in peak hours. In the Mykolaiv region, reconnection of all households who were left offline to hostilities was completed.
— Naftogaz provided bondholders with a new proposal (revised working scenario) on restructuring payments for Eurobonds maturing in 2022 and 2026. In a presentation, it also outlined main sources of gas supply during the 2022/2023 heating season (13.9 bcm): 1 bcm is covered by imports, 5.3 bcm – taken from storage, and 7.6 bcm – production of Ukrgazvydobuvannia.
— Naftogaz imports were financed by the EBRD (225 million EUR loan), Canada (323 million EUR aid), and Norway (189 million EUR grant). The company also provided information on its market share (81%).
— Ukrainians have already received 12 million LED lamps in exchange for old incandescent ones, which saves up to 600 MW of energy – the President Volodymyr Zelenskyi.
— The government allocated 5 million UAH from the State Budget (reserve fund) on a pilot project for the construction and repair of energy infrastructure. The funds are received by the State Agency for Reconstruction and Development, which will work in coordination with the Ministry of Energy, the State Emergency Service, the General Staff of the Armed Forces and critical infrastructure operators.
— The Cabinet of Ministers has improved the procedure for compiling a list of territories with military operations underway or temporarily occupied.
— The NEURC postponed consideration of decisions to increase tariffs for electricity distribution, yet plans to consider raising tariffs for centralized water supply and sewerage in March.