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REFERENCE CODE GDPE0760ICR | PUBLICATION DATE JANUARY 2015
UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS,
AND COMPETITIVE LANDSCAPE
Ukraine Power Market Outlook to 2030, Update 2014 – Market Trends, Regulations, and Competitive Landscape 2 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Executive Summary
Thermal Power Dominates Ukraine’s Power Mix
Ukraine derives most of its electricity from coal. In
2013, thermal power capacity from coal accounted
for XX% of cumulative installed capacity, followed
by nuclear power with XX%, gas-based thermal
power with XX% and large hydropower plants,
including pumped-storage plants, with XX%.
Renewable technologies, including onshore wind,
solar Photovoltaic (PV), small hydro, biomass, and
biogas, accounted for the remaining XX%.
Power Market, Ukraine, Cumulative Installed Capacity by Fuel Type (%), 2013
Coal (thermal)
Nuclear
Gas (thermal)
Hydro including pumped storage
Other renewables
Source: GlobalData, Power Database [Accessed on: December 1, 2014]
Continued Growth in Electricity Consumption and Generation
Electricity consumption and generation increased
between 2000 and 2013. Consumption grew from
XX Terawatt hours (TWh) in 2000 to XX TWh in
2013, at a Compound Annual Growth Rate
(CAGR) of XX%, while generation increased from
XX TWh in 2000 to XX TWh in 2013 at a CAGR of
XX%.
Power Market, Ukraine, Annual Power Consumption and Generation (TWh), 2000–2013
2000 2007 2013
Annu
al p
ower
con
sum
ptio
n an
d ge
nera
tion
(TW
h)
Annual power consumption Annual power generation Source: GlobalData, Power Database [Accessed on: December 1, 2014]
Ukraine not Deterred from a Nuclear-Based Future by Chernobyl
The development of the nuclear power industry in
Ukraine started with the commissioning of the first
unit of the Chernobyl Nuclear Power Plant (NPP) in
1977. However, this plant was the site of a major
disaster in 1986, which affected the former Soviet
Union and much of Europe.
Following the Fukushima disaster in 2011, a
number of European nations, led by Germany,
decided to close down their nuclear power
generation units, concluding that nuclear power
was inherently dangerous and that sufficient
electricity could be generated from other sources.
Ukraine, which was at the core of the disaster in
1986, has not yet followed suit. Nuclear power
currently accounts for XX% annual power
generation, and the government wants to increase
this to XX%.
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Table of Contents
UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
1 Table of Contents
1 Table of Contents ....................................................................................................................... 3
1.1 List of Tables ...................................................................................................................... 7
1.2 List of Figures ..................................................................................................................... 9
2 Introduction ............................................................................................................................... 10
2.1 GlobalData Report Guidance ............................................................................................ 11
3 Ukraine, Power Market, Snapshot............................................................................................. 13
3.1 Ukraine, Power Market, Macroeconomic Factors .............................................................. 13
3.2 Ukraine, Power Market, Supply Security ........................................................................... 16
3.3 Ukraine, Power Market, Generation Infrastructure ............................................................ 16
3.4 Ukraine, Power Market, Transmission Infrastructure ......................................................... 17
3.5 Ukraine, Power Market, Opportunities ............................................................................... 17
3.6 Ukraine, Power Market, Challenges .................................................................................. 18
4 Ukraine, Power Market, Market Analysis................................................................................... 19
4.1 Ukraine, Power Market, Supply Structure .......................................................................... 19
4.2 Ukraine, Power Market, Key Market Players ..................................................................... 20
4.2.1 Financial Performance .................................................................................................. 21
4.2.2 Key Financial Ratios and Inference ............................................................................... 21
4.3 Ukraine, Power Market, Financial Deals............................................................................ 23
4.3.1 Deal Volume and Value Analysis, 2004–2012 ............................................................... 23
4.3.2 Deals by Type, 2013 ..................................................................................................... 24
4.3.3 Deals by Technology, 2013–November 2014 ................................................................ 24
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
4.4 Ukraine, Power Market, Demand Structure ....................................................................... 25
4.4.1 Power Consumption by Sector, 2013 ............................................................................ 27
5 Ukraine, Power Market, Regulatory Scenario ........................................................................... 28
5.1 Ukraine, Power Market, Key Electricity Policies ................................................................ 28
5.1.1 Market Liberalization ..................................................................................................... 28
5.1.2 Law on Alternative Energy Sources ............................................................................... 28
5.1.3 Feed-in Tariff Program/Green Tariff Law ....................................................................... 29
5.1.4 Nuclear Policy ............................................................................................................... 31
5.1.5 Energy Efficiency .......................................................................................................... 31
5.2 Ukraine, Power Market, Foreign Investment Scenario ....................................................... 32
6 Ukraine, Power Market, Capacity and Generation Overview ..................................................... 34
6.1 Ukraine, Power Market, Cumulative Installed Capacity by Fuel Type, 2013 ...................... 34
6.2 Ukraine, Power Market, Cumulative Installed Capacity and Annual Power Generation,
2000–2030 ........................................................................................................................ 35
6.2.1 Cumulative Installed Thermal Capacity and Annual Thermal Power Generation, 2000–
2030 ............................................................................................................................. 38
6.2.2 Cumulative Installed Hydropower Capacity and Annual Hydropower Generation, 2000–
2030 ............................................................................................................................. 42
6.2.3 Cumulative Installed Nuclear Capacity and Annual Nuclear Power Generation, 2000–
2030 ............................................................................................................................. 46
6.2.4 Cumulative Installed Renewable Capacity and Annual Renewable Power Generation,
2000–2030 ................................................................................................................... 51
7 Ukraine, Power Market, Transmission and Distribution Overview ............................................. 56
7.1 Ukraine, Power Market, Transmission Overview ............................................................... 56
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7.2 Ukraine, Power Market, Distribution Overview .................................................................. 58
7.3 Ukraine, Power Market, Grid Interconnection .................................................................... 59
7.3.1 Electricity Import and Export Trends, 2001–2011 .......................................................... 59
7.4 Ukraine, Power Market, Electricity Trading ........................................................................ 60
8 Ukraine, Power Market, Competitive Landscape: Snapshot of Leading Power Generation
Companies ............................................................................................................................... 61
8.1 Key Company in the Ukraine Power Market – NNEGC Energoatom ................................. 61
8.1.1 Company Overview ....................................................................................................... 61
8.1.2 Business Description ..................................................................................................... 61
8.2 SWOT Profile .................................................................................................................... 63
8.2.1 Overview ....................................................................................................................... 63
8.3 Key Company in the Ukraine Power Market – Energy Company of Ukraine ...................... 67
8.3.1 Company Overview ....................................................................................................... 67
8.3.2 Business Description ..................................................................................................... 67
8.4 SWOT Profile .................................................................................................................... 69
8.5 Key Company in the Ukrainian Power Market – DTEK ...................................................... 73
8.5.1 Company Overview ....................................................................................................... 73
8.5.2 Business Description ..................................................................................................... 73
8.6 SWOT Overview ............................................................................................................... 75
9 Appendix................................................................................................................................... 80
9.1 Market Definitions ............................................................................................................. 80
9.1.1 Power ............................................................................................................................ 80
9.1.2 Installed Capacity .......................................................................................................... 80
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9.1.3 Electricity Generation .................................................................................................... 80
9.1.4 Electricity Consumption ................................................................................................. 80
9.1.5 Thermal Power Plant ..................................................................................................... 80
9.1.6 Hydropower Plant .......................................................................................................... 80
9.1.7 Nuclear Power............................................................................................................... 80
9.1.8 Renewable Energy Resources ...................................................................................... 81
9.2 Abbreviations .................................................................................................................... 81
9.3 Bibliography ...................................................................................................................... 82
9.4 GlobalData’s Methodology ................................................................................................ 83
9.4.1 Coverage ...................................................................................................................... 83
9.4.2 Primary Research and Analysis..................................................................................... 84
9.4.3 Secondary research and analysis.................................................................................. 84
9.5 Disclaimer ......................................................................................................................... 85
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
1.1 List of Tables
Table 1: Power Market, Ukraine, GDP ($bn), Population (million), and Annual Power Consumption (TWh),
2000–2017 .................................................................................................................................... 15
Table 2: Power Market, Ukraine, Market Share of Power Generation Companies by Capacity (%), 2013 ..... 20
Table 3: Power Market, Ukraine, Deals by Technology (%), 2013–November 2014...................................... 25
Table 4: Power Market, Ukraine, Annual Power Consumption (TWh), 2000–2030 ........................................ 26
Table 5: Power Market, Ukraine, Power Consumption by Sector (%), 2013 .................................................. 27
Table 6: Power Market, Ukraine, Minimum Green Tariff Rates (€/kWh) and ($/kWh), 2012 .......................... 30
Table 7: National Economy, Ukraine, Foreign Direct Investment ($bn), 2000–2013 ...................................... 33
Table 8: Power Market, Ukraine, Cumulative Installed Capacity by Fuel Type (%), 2013 .............................. 34
Table 9: Power Market, Ukraine, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh),
2000–2030 .................................................................................................................................... 37
Table 10: Power Market, Ukraine, Leading Active Thermal Power Plants, 2013 ............................................. 39
Table 11: Power Market, Ukraine, Leading Upcoming Thermal Power Plants, 2014–2030 ............................. 39
Table 12: Power Market, Ukraine, Cumulative Thermal Installed Capacity (GW) and Annual Thermal Power
Generation (TWh), 2000–2030 ....................................................................................................... 41
Table 13: Power Market, Ukraine, Leading Active Hydropower Plants, 2013 .................................................. 42
Table 14: Power Market, Ukraine, Leading Upcoming Hydropower Plants, 2014–2030 .................................. 43
Table 15: Power Market, Ukraine, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower
Generation (TWh), 2000–2030 ....................................................................................................... 45
Table 16: Power Market, Ukraine, Leading Active Nuclear Reactors, 2013 .................................................... 47
Table 17: Power Market, Ukraine, Leading Upcoming Nuclear Reactors, 2014–2030 ..................................... 48
Table 18: Power Market, Ukraine, Cumulative Installed Nuclear Capacity (GW) and Annual Nuclear Power
Generation (TWh), 2000–2030 ....................................................................................................... 50
Table 19: Power Market, Ukraine, Leading Active Renewable Power Plants, 2014 ........................................ 51
Table 20: Power Market, Ukraine, Leading Upcoming Renewable Power Plants, 2013–2030 ......................... 53
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Table 21: Power Market, Ukraine, Cumulative Installed Renewable Capacity (GW) and Annual Renewable
Power Generation (TWh), 2000–2030 ............................................................................................ 55
Table 22: Power Market, Ukraine, Transmission Line Length (Ckm), 2000–2020 ........................................... 57
Table 23: Power Market, Ukraine, Distribution Line Length (Ckm), 2000–2020 .............................................. 58
Table 24: Power Market, Ukraine, Annual Import and Export of Electricity (TWh), 2000–2013 ........................ 60
Table 25: Power Market, Ukraine, NNEGC Energoatom SWOT Profile, 2014 ................................................ 63
Table 26: Power Market, Ukraine, Energy Company of Ukraine SWOT Profile, 2014 ..................................... 69
Table 27: Power Market, Ukraine, DTEK, SWOT Profile, 2014....................................................................... 75
Table 28: Abbreviations ................................................................................................................................. 81
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
1.2 List of Figures
Figure 1: Power Market, Ukraine, GDP ($bn), Population (million), and Annual Power Consumption (TWh),
2000–2019 ................................................................................................................................... 14
Figure 2: Power Market, Ukraine, Market Share of Power Generation Companies by Capacity (%), 2013 .... 20
Figure 3: Power Market, Ukraine, Deal Value ($bn) and Number of Deals, 2004–November 2014 ............... 23
Figure 4: Power Market, Ukraine, Deals by Technology (%), 2013–November 2014 .................................... 24
Figure 5: Power Market, Ukraine, Annual Power Consumption (TWh), 2000–2030 ...................................... 25
Figure 6: Power Market, Ukraine, Power Consumption by Sector (%), 2013 ................................................ 27
Figure 7: Power Market, Ukraine, Cumulative Installed Capacity by Fuel Type (%), 2013 ............................ 34
Figure 8: Power Market, Ukraine, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh),
2000–2030 ................................................................................................................................... 36
Figure 9: Power Market, Ukraine, Cumulative Thermal Installed Capacity (GW) and Annual Thermal Power
Generation (TWh), 2000–2030 ..................................................................................................... 40
Figure 10: Power Market, Ukraine, Cumulative Installed Hydro Capacity (GW) and Annual Hydropower
Generation (TWh), 2000–2030 ..................................................................................................... 44
Figure 11: Power Market, Ukraine, Cumulative Installed Nuclear Capacity (GW) and Annual Nuclear
Generation (TWh), 2000–2030 ..................................................................................................... 49
Figure 12: Power Market, Ukraine, Cumulative Installed Renewable Capacity (GW) and Annual Renewable
Power Generation (TWh), 2000–2030 .......................................................................................... 54
Figure 13: Power Market, Ukraine, Annual Import and Export of Electricity (TWh), 2000–2013 ...................... 59
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Introduction
2 Introduction
Ukraine, which is an emerging economy, registered major economic decline during the 1990s after
the break-up of the Union of Soviet Socialist Republics (USSR), but has shown substantial growth
since 2000. Its strategic location between Eastern Europe, Russia, Central Asia, and the Middle
East means that it has substantial opportunities for trade and investment. Ukraine possesses rich
agricultural resources, growing industries, a skilled labor force, and a good education system.
Ukraine gained independence from the Soviet Union in 1991 and proceeded to implement reforms.
However, domestic resistance forced the government to backtrack on its reform agenda. The lack
of reforms in the political and economic system has been the biggest challenge faced. Between
2000 and 2007, its economy, hinging on steel production and exports, progressed due to the high
price of steel in the global market. However, Ukraine borrowed massively during this time, and
when the recession began in 2008, its economy was set back as a result. Economic growth
resumed in 2010 and 2011, but, due to the lack of reforms, the effects could not continue for long
and the economy lagged again in 2012.
Ukraine’s Gross Domestic Product (GDP) increased at a CAGR of XX% (constant prices) or XX%
(current prices) between 2000 and 2012, registering an average year-on-year rate of XX% between
2000 and 2007. The economy increased by XX% in 2008, and in 2009 it registered a substantial
decline of XX%. Growth in 2010 and 2011 amounted to XX% and XX% respectively, while in 2012,
growth was only XX%. Between 2013 and 2017, the economy is expected to grow at a CAGR of
XX% (constant prices) (IMF, 2012).
The services sector is the dominant contributor to the national economy in Ukraine, accounting for
an estimated XX% share of GDP in 2012. Other important sectors in terms of contribution to GDP
were the industrial sector, with XX% of GDP, and agriculture, with XX% (CIA, 2013).
Ukraine is one of the largest coal-producing countries in the world, with the seventh-largest coal
reserves, estimated at XX billion tons, and the third-largest anthracite coal reserves, estimated at
XX billion tons, as of 2011. In 2011, XX million metric tons of coal were mined, of which XX% was
steam coal (Sadovaya Group, 2012). Despite this, the country depends on imports for around XX%
of its gas and oil requirements. All of its nuclear fuel is imported.
The Ministry of Fuel and Energy is the apex body responsible for energy policies in Ukraine. The
Ministry is responsible for the Department of Electricity, and for the development of a secure supply
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Introduction
of electricity, the development of investment policies, and the supervision of the market
participants. The national regulator, the National Electricity Regulatory Commission (NERC) of
Ukraine, was established in 1995, and issues licenses for power generation, transmission and
distribution.
2.1 GlobalData Report Guidance
This report begins with an executive summary covering the key growth trends in the Ukrainian
power market.
Chapter two provides an introduction to Ukraine’s macro-economic scenario and the Ukrainian
power market.
Chapter three provides an insight into the key performance areas of the Ukrainian power
sector.
Chapter four covers historic and forecasts trends on capacity and generation according to type
of plant. This section also includes information on the upcoming power plants and
decommissions in Ukraine, and analysis on how these developments will affect capacity and
generation growth.
Chapter five provides information on Ukraine’s power infrastructure, including existing and
planned developments in transmission, distribution infrastructure, and cross-country
interconnections. The section also includes information on electricity imports and exports in
Ukraine and the status of electricity trading in the country.
Chapter six includes a market analysis of the Ukrainian power market. It includes the basic
structure of the power sector of Ukraine, an analysis of the market shares of companies in the
power generation and the retail market, an analysis of the financial situation of the power
market in the country, and analysis of deals from 2004 to 2012. The chapter also describes
historical trends in electricity consumption, a breakdown of electricity consumption for 2012,
and a forecast of the consumption of electricity up to 2030.
Chapter seven describes the power regulatory structure and prominent policies expected to
influence the future of the power market.
Chapter eight includes complete descriptions and SWOT analyses for the leading companies
in Ukraine’s power market.
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Introduction
Note: the report provides actual or estimated data for 2013, depending upon information availability
at the time of writing the report.
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Market Analysis
4.2 Ukraine, Power Market, Key Market Players
The largest power generation utility in the power market in 2013 in terms of installed capacity was
Donbass Fuel-Energy Company (DTEK) with a XX% share of the country’s total installed capacity.
The second largest was NNEGC Energoatom (Energoatom), which is the nuclear power generation
utility in Ukraine, with a share of XX% as of 2012. The third largest was the Energy Company of
Ukraine (ECU), a conglomerate of most of the former state-owned thermal power generation
companies, with a share of XX%.
PJSC Ukrhydroenergo, a state-run company that owns all of Ukraine’s hydropower facilities, had a
market share of XX% in 2012. Other smaller power generation utilities had a total market share of
XX% in 2012. Since no new power plants have been developed, and also since the revamping of
the existing power plants in 2013, the market share of these companies remains the same as in the
previous year, 2012.
Figure 2: Power Market, Ukraine, Market Share of Power Generation Companies by Capacity (%), 2013
DTEK
Energoatom
ECU
Ukrhydroenergo
Other
Source: GlobalData
Table 2: Power Market, Ukraine, Market Share of Power Generation Companies by Capacity (%), 2013
Company name Share
DTEK
Energoatom
ECU
Ukrhydroenergo
Other
Source: GlobalData ECU: Energy Company of Ukraine
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Capacity and Generation Overview
6.2 Ukraine, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2030
Ukraine’s cumulative installed capacity amounted to XX GW in 2013, representing growth at a
CAGR of XX% from XX GW in 2000. The country’s installed capacity is expected to continue to
grow at a CAGR of XX% to reach XX GW in 2030.
The majority of Ukraine’s cumulative installed capacity has been contributed by the country’s coal-
fired power plants, due to its sizeable coal deposits. The development of the coal industry in
Ukraine has been a lot to do with its historical association with the Soviet Union: the large Thermal
Power Plants (TPP) in the country were developed in order to supply electricity to Russia’s
manufacturing units in Russia. Nuclear power, which is another important source of electricity, also
has its origins in the Soviet days. The future growth of cumulative installed capacity in Ukraine is
expected to be spearheaded by these two technologies.
Hydropower potential, especially large hydro, has been more or less fully exploited, and any
expansion would primarily be in the form of new downstream units or turbine replacements. There
is, of course, expansion expected in the area of small hydro, since it is classed as a renewable
technology by the Ukrainian government and is therefore eligible for green tariffs. Drastic increases
in the capacities of other renewable technologies, including wind and solar PV, are also expected.
However, the Ukrainian government is focusing primarily on nuclear capacity and intends to
generate XX% of its requirements from nuclear sources by 2030.
Annual power generation in Ukraine amounted to XX TWh in 2000. By 2013 this total had
increased to XX TWh, at a CAGR of XX%. Annual generation is expected to grow at a CAGR of
XX%, reaching XX TWh in 2030.
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Capacity and Generation Overview
Figure 8: Power Market, Ukraine, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2030
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
Ann
ual p
ower
gen
erat
ion
(TW
h)
Cum
ulat
ive
inst
alle
d ca
paci
ty (G
W)
Cumulative installed capacity Annual power generation Source: GlobalData, Power Database [Accessed on: December 1, 2014]
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UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
Capacity and Generation Overview
Table 9: Power Market, Ukraine, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2030
Year Cumulative installed capacity Annual power generation
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
Source: GlobalData, Power Database [Accessed on: December 1, 2014]
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Appendix
UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9 Appendix
9.1 Market Definitions
9.1.1 Power
Power refers to the rate of production, transfer or energy use, usually related to electricity. It is
measured in Watts (W) and often expressed in kilowatts (kW) or Megawatts (MW). It is also known
as real power or active power.
9.1.2 Installed Capacity
Installed capacity refers to the generator’s nameplate capacity as stated by the manufacturer, or
the maximum rated output of a generator under given conditions. It is given in Megawatts (MW) on
a nameplate affixed to the generator.
9.1.3 Electricity Generation
Electricity generation refers to the process of generating electricity from other forms of energy. It
also refers to the amount of electricity produced, expressed in Gigawatt hours (GWh).
9.1.4 Electricity Consumption
Electricity consumption is the sum of electricity generated, plus imports, minus exports and
transmission and distribution losses. It is measured in Gigawatt hours (GWh).
9.1.5 Thermal Power Plant
This is a plant where the turbine generators are driven by burning fossil fuels.
9.1.6 Hydropower Plant
This is a plant where the turbine generators are driven by falling water.
9.1.7 Nuclear Power
This is the electricity generated by the use of thermal energy, released from the fission of nuclear
fuel in a reactor.
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Appendix
UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
9.1.8 Renewable Energy Resources
Renewable energy resources are those that provide energy that is naturally replenished but limited
in the amount of energy available per unit of time. Biomass, geothermal, solar, small hydro and
wind are examples of renewable resources.
9.2 Abbreviations
Table 28: Abbreviations ARS AtomRemontService
Btu British thermal unit
CAGR Compound Annual Growth Rate
CCGT Combined Cycle Gas Turbine
Ckm Circuit kilometer
CN Concrete
cogen cogeneration
DTEK Donbass Fuel-Energy Company
EBRD European Bank for Reconstruction and Development
ENTSO-E European Network of Transmission System Operators for Electricity Network
EU European Union
FDI Foreign Direct Investment
FiT Feed-in Tariff
GDP Gross Domestic Product
GHG Greenhouse Gas
Gt Giga Tons
GWh Gigawatt hour
IAEA International Atomic Energy Agency
IPS Integrated Power System
km kilometer
kV kilovolt
kW kilowatt
kWh kilowatt hour
kWh/m²/year kilowatt hour per square meter per year
m/s meters per second
MVA Megavolt Ampere
MW Megawatt
NERC National Electricity Regulatory Commission of Ukraine
NPC National Power Company
NPP Nuclear Power Plant
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Appendix
UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
PSPP Pumped Storage Power Plant
PV Photovoltaic
PWR Pressurized Water Reactor
SNRI State Nuclear Regulatory Inspectorate of Ukraine
SS ETC SS Emergency and Technical Center
T&D Transmission and Distribution
TE Earth Fill
TPP Thermal Power Plant
TWh Terawatt Hour
USSR Union of Soviet Socialist Republics
VVER Vodo-Vodyanoi Energetichesky Reaktor (Water-Water Power Reactor)
WEM Wholesale Electricity Market
Source: GlobalData
9.3 Bibliography
CIA (2013). Ukraine: The World Factbook. Central Intelligence Agency. Available from:
https://www.cia.gov/library/publications/the-world-factbook/geos/up.html [Accessed on:
December 3, 2014]
DTEK (2013). DTEK’s Operational Results in 2Q and 1H of 2012. DTEK. Available from:
http://dtek.com/library/file/annual-report-2013-pdf-13-mb.pdf
IEA (2012). Ukraine 2012. International Energy Agency. Available from:
http://teplydim.com.ua/static/storage/files/files/IEA%20report%20on%20Ukraine%20renewable
s_2012.pdf
IMF (2012). World Economic Outlook Database [database]. International Monetary Fund.
Available at:
http://www.imf.org/external/pubs/ft/weo/2012/02/weodata/weoselco.aspx?g=2001&sg=All+coun
tries. [Accessed on November 28, 2014].
MECIU (2012). Statement on Security of Energy Supply of Ukraine. Ministry of Energy and
Coal Industry of Ukraine. Available from: http://www.energy-
community.org/pls/portal/docs/1676177.PDF
Ukraine Power Market Outlook to 2030, Update 2014 – Market Trends, Regulations, and Competitive Landscape 83 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
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Sadovaya Group (2012). Ukrainian Coal Market. Sadovaya Group. Available from:
http://sadovayagroup.com/operations/ukrainian-coal-market/ [Accessed on: December 2,
2014].
SSC of Ukraine (2013b). Foreign direct investment. State Statistics Committee of Ukraine
(SSC of Ukraine). Available from:
http://www.ukrstat.gov.ua/operativ/operativ2007/zd/zd_rik/zd_e/pi_07e.html [Accessed on:
December 5, 2014].
Stracansky P (2013). “Nuclear Safety Plan Has Ukrainians Worried”, IPS-Inter Press Service,
March 27, 2013. Available from: http://www.ipsnews.net/2013/03/nuclear-safety-plan-has-
ukrainians-worried/ [Accessed on: December 2, 2014].
World Bank (2013). Ease of Doing Business in Ukraine. The World Bank Group. Available
from: http://www.doingbusiness.org/data/exploreeconomies/ukraine/ [Accessed on: December
2, 2014]
Mondaq (2014). Legal and Regulatory Framework in Ukraine. Available from:
http://www.mondaq.com/x/310326/Renewables/Overview+Of+The+Legal+And+Regulatory+Fr
amewoFr+In+Ukraine [Accessed on December 1, 2014]
9.4 GlobalData’s Methodology
GlobalData’s dedicated research and analysis teams consist of experienced professionals with
backgrounds in marketing, market research and consulting in the power industry, and advanced
statistical expertise.
GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and
the Strategic and Competitive Intelligence Professionals (www.scip.org).
The following research methodology is followed for all country outlook reports.
9.4.1 Coverage
This report gives detailed information on Ukraine’s power market. It examines Ukraine’s power
market structure and provides historical and forecast numbers for generation, capacity and
consumption up to 2030. The report provides insights on the market’s regulatory structure, import
and export trends, competitive landscape and leading active and upcoming power projects.
Ukraine Power Market Outlook to 2030, Update 2014 – Market Trends, Regulations, and Competitive Landscape 84 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
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9.4.2 Primary Research and Analysis
Secondary research is further complemented through primary interviews with industry participants
to verify and fine-tune the market numbers obtained through secondary research and get first-hand
information on industry trends.
The participants are drawn from a diverse set of backgrounds, including equipment manufacturers,
industry associations, government bodies, utilities, distributors, and academia. The participants
include, but are not limited to, C-level executives, industry consultants, academic experts, business
development and sales managers, purchasing managers, plant managers, government officials,
and industry spokespeople.
9.4.3 Secondary research and analysis
The capacity, generation and consumption data is collected and validated using a number of
secondary resources including but not limited to:
Government agencies, ministerial websites, industry associations, the World Bank, statistical
databases
Company websites, annual reports, financial reports, broker reports and investor presentations
Industry trade journals, market reports and other literature
GlobalData’s proprietary databases like the Capacity and Generation Database, Power Plant
Database and Transmission and Distribution Database.
Further to this, the following secondary information is collected and analyzed to project Ukraine’s
power market scenario through to 2030, analyzing factors such as the following:
Ukraine’s macroeconomic scenario
Government regulations, policies and targets
Government and private sector investments
Contract and deal announcements
Utility expansion plans
The sector’s historic track record
Ukraine Power Market Outlook to 2030, Update 2014 – Market Trends, Regulations, and Competitive Landscape 85 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
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Other qualitative insights built through secondary research and analysis of company websites,
annual reports, investor presentations, industry and trade journals, and data from industry
associations.
9.5 Disclaimer
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any
form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior
permission of the publisher, GlobalData.
The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that GlobalData
delivers will be based on information gathered in good faith from both primary and secondary
sources, whose accuracy we are not always in a position to guarantee. As such, GlobalData can
accept no liability whatsoever for actions taken based on any information that may subsequently
prove to be incorrect.
This report is a licensed product and should not to be reproduced without prior permission.
Ukraine Power Market Outlook to 2030, Update 2014 – Market Trends, Regulations, and Competitive Landscape 86 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
UKRAINE POWER MARKET OUTLOOK TO 2030, UPDATE 2014 – MARKET TRENDS, REGULATIONS, AND COMPETITIVE LANDSCAPE
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