Page 74 - UKRRptMar19

since its inception has supported the world energy trends and has long ago announced a strategic decision to actively increase its presence in alternative energy, starting back in 2010 the first project in this area - Botiyevska Wind Power Plant with a capacity of 200 MW. According to him, by the end of this year it is planned to form a portfolio of assets in renewable energy at the level of 1 GW, of which 500 MW is wind power and 500 MW is solar power.
DTEK Energy power generation falls 5% in 2018 Ukraine’s leading coal and power holding DTEK Energy generated 37.94 TWh of electricity in 2018, Concorde Capital calculated based on sector-wide data provided by the Energy Ministry. This is a 4.8% decrease y/y on like-to-like basis, but 0.6% above the ministry’s plan. Total power generation in Ukraine increased 2.7% y/y to 154.41 TWh, with DTEK Energy’s share being 24.6%. Power generation at DTEK’s thermal power plants declined 1.9% y/y to 35.65 TWh in 2018, as coal consumption fell 2.1% y/y to 17.97mmt. In particular, the holding reduced its consumption of anthracite coal (which is not mined in the disputed Donbas region and not available to Ukrainian companies, but has to be imported from Russia) by 31% y/y to 2.10mmt, and raised its consumption of hard steam coal (produced by DTEK Energy’s mines) by 3.6% y/y to 15.88mmt. Power generation at DTEK's combined heat and power plants fell 35% y/y to 2.29 TWh, which is mostly the result of the discontinued operation of two large Kyiv-based plants by DTEK’s Kyivenergo since August 2018. In December alone, DTEK Energy generated 4.16 TWh of electricity, which is 14% more y/y.
9.2.11 Metallurgy & mining corporate news
Metinvest steel output drops 4% q/q in the fourth quarter of 2018 Ukraine’s largest steelmaker Metinvest (METINV) reported on January 31 a 4% q/q drop in steel production to 1.725mmt at its subsidiaries in the fourth quarter of 2018. Azovstal’s output dropped 8% q/q to 0.912mmt in the fourth quarter of 2018 due to a scheduled overhaul of basic oxygen converter No. 1. Ilyich Steel’s output was flat q/q in the fourth quarter of 2018 at 813 kt, according to the holding’s operational update. Metinvest's 2018 crude steel output slid 1% y/y to 7.323mmt due to a 4% y/y drop to 4.082mmt at Azovstal, which was mostly offset by a 5% y/y rise at Ilyich Steel to 3.241mmt. The holding’s pig iron output in the fourth quarter of 2018, 1.971mmt, inched up 1% q/q. Its 2018 pig iron production rose 3% y/y to 8.205mmt due to an 8% y/y jump tdzo 4.498mmt at Ilyich Steel, which was offset by a 2% y/y decrease to 3.707mmt at Azovstal. The the fourth quarter of 2018 output of semi-finished products at Metinvest, 723 kt, grew 9% q/q (merchant pig iron output jumped 43% q/q to 452 kt, while slab output plunged 22% q/q to 270 kt). During 2018, the holding increased its semi-finished product output 10% y/y to 3.026mmt, owing to a 17% y/y rise in merchant pig iron output to 1.644mmt and a 3% y/y increase in slab output to 1.382mmt. The holding’s finished product output dropped 6% q/q in the fourth quarter of 2018 to 1.367mmt due to a 94% q/q plunge in railway product output to 2 kt, a 2% q/q drop in flat product output to 1.144mmt, a 7% q/q loss in long product output to 188 kt, and a 27% loss in tubular product output to 33 kt. During 2018, finished product output increased 3% y/y to 5.769mmt owing to a 14% y/y increase in long product output to 817 kt and 2% y/y growth in flat product output to 4.747mmt. Total coke production in the fourth quarter of 2018 rose 9% q/q to 1.358mmt, while merchant coke output gained 13% q/q to 487 kt. During 2018, Metinvest boosted its total coke production 11% y/y to 5.269mmt, whereas output of merchant coke jumped 42% y/y to 1.717mmt. Total iron ore concentrate production in the fourth
74 UKRAINE Country Report March 2019 www.intellinews.com