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9.2 Major corporate news 9.2.1 Oil & gas corporate news
The currently discussed corporate reform of Gas Transmission System Operator of Ukraine LLC (GTSOU) provides for the transfer of 100% of the company to the Ministry of Energy, the creation of a supervisory board and board of directors, Head of GTSOU Serhiy Makogon has said.
"This issue is being developed within the working group at the site created by NEURC [the National Energy and Utilities Regulatory Commission of Ukraine]. MGU [JSC Mahistralni Gazoprovody Ukrainy], the Ministry of Energy, the regulator, the European Energy Community and the World Bank, which previously provided their recommendations on corporate reform in the company, are involved in the process," he said in an interview with Interfax -Ukraine.
According to him, even the supervisory board of MGU, which owns 100% of GTSOU, agrees that the current management system of the company with intermediary MGU is inappropriate.
Makogon confirmed "certain disagreements" between some members of the supervisory board of MGU and the leadership of GTSOU, noting that "some members of the supervisory board are trying to interfere in the company's operations and do not quite understand the tasks of the board."
9.2.9 Utilities corporate news
One power unit of Zaporizhzhia Nuclear Power Plant reconnected to Ukraine's grid. Ukraine's state nuclear operator Energoatom said on Aug. 26 that the plant was back to producing electricity for Ukraine. The Zaporizhzhia plant was disconnected from the Ukrainian grid on Aug. 25 as a result of the nearby Russian shelling. The disconnection triggered emergency protection systems at the plant located in Russian-occupied Enerhodar. Russia, which has been shelling Ukrainian positions from the territory of the plant, has been accused of using it as a shield and a tool of blackmail.
EBRD to provide Ukraine’s state-owned grid operator with a 97 million euro loan. Finance Minister Sergii Marchenko said that the allocated fund will ensure the stability of Ukrenergo's work at the start of Sept. This is “extremely important support for the country during the military aggression,” said Marchenko.
Due to shelling at the Zaporizhzhia NPP, the 5th power unit was shut down. On the morning of September 1, as a result of more mortar fire by Russian troops at the Zaporizhzhya NPP, the emergency protection tripped, and the 5th power unit, which had been operating, was shut down, Energoatom reported. In addition, the occupiers damaged the 330 kV ZAES power supply line for their own needs. In the transitional mode, power unit No. 2 was de-energized (it was not working) with the start-up of diesel generators. Energoatom emphasised that in the last 10 days, this is the second time that
80 UKRAINE Country Report September 2022 www.intellinews.com