Page 44 - UKRRptMay19

the largest Belarusian oil traders Interservice; Tbilisi-headquartered Georgian International Energy Corporation; and, Kyiv-registered Balance Group (its ultimate beneficial owner is ex-people's deputy Dmytro Kriuchkov, detained in Germany in July and suspected of embezzling Zaporizhiaoblenergo funds), were expected to take part in the tender.
Centrenergo consists of three thermal power plants – Vuhlehirska, Zmiivska, and Trypilska. Their combined installed capacity is 7.665 GW, which is 14% of Ukraine's overall power generation capacity. Centrenergo supplies electricity to Kyiv, Kharkiv, and Donetsk regions.
6.2 Debt
DEBT 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
External debt (US$bn, 80 101.7 103.4 117.3 126.2 134.6 142.1 126.3 118.7 113.6 124.2 eop)
External debt (% of 55.8 55.3 91 86.1 77.4 77.3 79.1 96.2 130.4 121.7 126.6 ann'd GDP, eop)
FX reserves (US$bn, 32.5 31.5 26.5 34.6 31.8 24.5 20.4 7.5 12.4 11.9 15.6 eop)
FX reserves (% of 22.6 17.2 23.3 25.4 19.5 14.1 11.4 5.7 13.6 12.8 13.3 ann'd GDP, eop)
External debt / FX 2.5 3.2 3.9 3.4 4 5.5 7 17.7 9.6 9.5 8.0 reserves (x, eop)
FX reserves imports 5.6 3.9 5.9 6 4.1 2.9 2.5 1.3 3.3 3.6 3.3 cov (months)
Source: ICU
Ukraine’s state and state-guaranteed increased by 0.7% month-on-month to $78.8bn in March, the Finance Ministry reported on April 25.
State domestic debt increased by 0.9% m/m to $28.1bn, state foreign debt rose by 1.4% m/m to $40.2bn. State-guaranteed debt dropped by 2.5% m/m to $10.6bn. In UAH terms, overall state debt increased by 1.6% m/m.
Evgeniya Akhtyrko at Kyiv-based brokerage Concorde Capital believes that the March state foreign debt statistics reflected a Deutsche Bank loan for €529mn attracted by the government on Feb. 28 under a guarantee of the World Bank.
The World Bank provided a $750mn loan guarantee to Ukraine on December 18. Kyiv used half of the guarantee to attract €349mn in loans in late December. In February, Ukraine’s finance ministry said that it intends to attract UAH17.6bn (over $600mn) from international borrowing in February that will be
44 UKRAINE Country Report May 2019 www.intellinews.com