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New PSO model to allow financing all Energoatom programs, repaying debts – company head
KYIV. Aug 27 (Interfax-Ukraine) – National Nuclear Generating Company Energoatom considers the new model of public service obligations (PSO) in provision of electricity to the population, which will enter into force on October 1 this year, promising for the company and expects to receive about UAH 6 billion of monthly income from the sale of electricity.
"This PSO model is very promising. Our forecasts are that the situation will be stable, and the company has enough profit to finance all our programs and pay off debts. So far, only rough estimates – our monthly income from electricity sales will amount to about UAH 6 billion," Energoatom Head Petro Kotin told Interfax-Ukraine.
According to him, this is almost twice as much as in the autumn of last year, when the income was UAH 3.5 billion.
"We had UAH 6 billion of income only in those periods when we received the borrowed funds of NPC Ukrenergo [only UAH 5 billion] from the state-owned enterprise Guaranteed Buyer," the head of Energoatom said.
Kotin said that the company will see how positive the result will be when the new model is fully operational. At the same time, he said that now the National Energy and Utilities Regulatory Commission of Ukraine (NEURC) is working out a program of work with accounts payable, amounting to about UAH 12 billion, taking into account the new PSO model.
At the same time, Kotin said that the speed of settlements with creditors will also be affected by the maturity of accounts receivable, which reached UAH 20 billion and significantly exceeds the accounts payable.
