Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review

September 18 – 24, 2023

Summary

• In addition to shelling Ukraine’s electricity infrastructure, RF conducts intelligence measures for strikes on Ukraine’s energy facilities. In addition, there is an accumulation of missiles, which the Russian Federation plans to use against the Ukrainian energy system.
• The President of “Energoatom” Petro Kotin reported that 822 workers with Ukrainian contracts continue to work at the ZNPP, and the occupiers do not allow another 2,083 workers to work. In particular, Energoatom has testimony from employees that they are forced to sign fake contracts with Rosatom, subjected to periodic torture and detained.
• The Minister of Energy of Ukraine, Herman Galushchenko, noted that there are currently no plans to increase electricity tariffs for household consumers. 
• Naftogaz Group exited default by fulfilling the terms of the restructuring of Eurobonds maturing in 2022 and 2026, making the required payments.
• Chairman of the board of Naftogaz of Ukraine, Oleksiy Chernyshov, reported on the early implementation of the order of the Cabinet of Ministers of Ukraine on preparation for the autumn-winter period of 2023/24, which provided for the accumulation of 14.7 million cubic meters by November 1. m of gas.
• The Cabinet of Ministers of Ukraine transferred the corporate rights of “Operator of GTS of Ukraine” to the Ministry of Energy.
• In 2024-2035, the need for Energoatom for natural uranium hexafluoride will be satisfied by 100%. A similar opportunity is provided for the Zaporizhzhia NPP after its complete de-occupation, following the agreement between Energoatom and CAMECO (Canada).
• The Agency for the Reconstruction and Development of the Infrastructure of Ukraine announced the conclusion of the first contracts for the reconstruction of 15 objects that were damaged as a result of the full-scale Russian invasion. The reconstruction of these facilities will be financed by the Fund for the Liquidation of the Consequences of Armed Aggression of the Russian Federation.
• The Government has approved a three-year National Plan for the protection and provision of safety and stability of critical infrastructure, the implementation of which will contribute to the continuous operation of critical infrastructure facilities of various
  categories for the continuous provision of vital services to the population.
• • The Minister of Energy of Ukraine, during an online meeting with the Minister of Nuclear Energy and Networks of Great Britain, emphasized, among other things, that recently, the first batch of nuclear fuel produced by Westinghouse Electric Sweden AB was loaded into the VVER-440 reactor of the Rivne NPP.
• The governments of Ukraine and the United States of America signed a Memorandum of Cooperation to increase the stability of Ukraine’s energy system, including restoring critical infrastructure, implementing distributed generation, and reforming the energy sector.
• The governments of Ukraine and the United States of America signed a Memorandum of Cooperation to increase the stability of Ukraine’s energy system, including restoring critical infrastructure, implementing distributed generation, and reforming the energy sector.
• Amendments were made to the Procedure for providing financial state support to business entities of the fuel and energy complex; it is provided that state support will be provided to business entities within the budget funds received by the Entrepreneurship Development Fund from the Ministry of Energy, as partial compensation by the Fund of interest rates on loans to entities objects of
  entrepreneurship.
• The Interdepartmental Commission on the distribution of funds of the European Investment Bank approved the financing of 139 regional projects and allocated funds to 16 already agreed projects for a total of 2.58 billion hryvnias, in particular, it refers to the restoration and construction of heat supply facilities (2 projects) and water supply and drainage (29 projects).