Cooperation with the NEURC and the Energy Ministry: project analysts report risky business ties of energy companies

DiXi Group continues to provide assistance to the Energy Ministry and the energy regulator withing USAID Energy Sector Transparency project. Last month, for example, our analysts provided to the NEURC and the Energy Ministry a list of companies of the energy sector that have ties with Belarus and Russia or risky counterparties.

Based on data by the Energy Map service, our analysts have compiled a list of all enterprises operating in the energy sector, including extraction, production, supply and other companies. This data array was analyzed using YouControl, Opendatabot and Vkursi services to identify companies that have ties with Belarusian and Russian companies. The analysis has yielded more than 200 such companies. The list was provided to the Energy Ministry and to the NEURC, indicating their licensees.

The experts have also compiled, based on open data from the Unified Web Portal of Public Spending, a list of state enterprises that have risky counterparties in Belarus and Russia. Since companies are required to report all their contracts, it allowed us to analyze them.

The information we provided helped the Energy Ministry’s and the NEURC’s specialists verify, supplement and correct the data they use to analyze risks in the energy sector. The regulator has recently decided to revoke the licenses of five companies on the list. The rest are in the process of additional verification.

The Energy Sector Transparency project implemented by DiXi Group NGO helps enhance Ukrainian energy security by reducing the opportunities for corruption in this sector. Its objectives include increasing transparency of energy data, promoting greater independence of public supervisory authorities in monitoring and preventing corruption in the energy sector, and ensuring that consumers have a say in the governance and regulation of the energy sector.