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DTEK ready to buy coal from state mines at higher price – CEO
KYIV. Nov 10 (Interfax-Ukraine) – DTEK is ready to buy coal from state-owned mines at a price of UAH 3,500 per tonne instead of UAH 2,150 per tonne at which this coal is being sold now, CEO Maksym Timchenko has said.
"It is difficult to explain why state-run mines sell coal at UAH 2,150 per tonne. Given that there is an offer from the market to buy at UAH 3,500-4,000 per tonne," he said at a press conference in Kyiv on Tuesday.
Timchenko called the selling price of coal at UAH 2,150 per tonne artificial and contributing to the growth of the shortage of funds for the extraction of coal in the public sector.
"I return to the question why there is no coal in the public sector. The answer is simple. There is no money in the public sector for coal mining. Why not? Because we have an artificial price for coal," the CEO of DTEK said. He considers this to be a virtually hidden subsidy to PJSC Centerenergo – the main consumer of coal mined by state-owned mines.
Timchenko added that with such a policy, it is necessary to allocate UAH 5 billion from the state budget per year for state support of mines, which means about UAH 2,000 per tonne.
The head of DTEK also said that the state-run mines reduced coal production from 0.58 million tonnes in April this year to 0.35 million tonnes in September, including the Dobropilliavuhillia company that was returned from lease by DTEK – from 0.3 million tonnes to 0. 15 million tonnes, while DTEK’s production has been relatively stable all these months and fluctuated in the range of 1.2-1.4 million tonnes.
Head of the supervisory board of Centrenergo Denys Kudin said in an interview with Energy Reform that the main reason for the shortage of coal at the TPPs of the generating company was the failure to fulfill the plans for the extraction of coal by state-run mines in the amount of about 1 million tonnes.
