The increase in profits was achieved, in particular, by increasing the efficiency of operating activities.
Khmelnytskoblenergo Public Joint Stock Company (PJSC) is Khmelnytsk region electricity distribution system operator (DSO), 70% of the shares of which belong to the state, doubled its profit in 2019 to 85.7 million UAH compared to 42.80 million UAH in 2018.
This was reported by the press service of the enterprise, quoting Acting General Director Oleg Kozachuk. According to him, at the regular meeting of shareholders of the company (to be held on April 30, 2020) he will propose to shareholders that they will send 30 million hryvnias to the state as a dividend.
Experts say that such projections are the highest amounts from any operators of the electricity distribution system with a state shareholding.
According to Kozachuk's statement, the increased profit at Khmelnytskoblenergo was achieved by increasing the efficiency of operating activities, constant 100% implementation of investment programs (modernization of equipment and networks), optimisation and automation of business processes, including personnel management processes, ensuring high-quality electricity metering (installation of electronic meters with differentiated metering), as well as due to the introduction of a competitive procurement system at the enterprise.
"The priorities of the company's management are the development of the energy sector and the country's economy as a whole, building honest and transparent relationships with all actors in the electricity market and stakeholders. Including with the 3,500 employees of the company and the consumers of the electric power” Kozachuk emphasized.
Background. PJSC Khmelnytskoblenergo is a state energy supply company, Khmelnytsk region electricity distribution system operator (DSO). 70% of the company's shares belong to the state, the other 30% to private legal entities and individuals.
Khmelnytskoblenergo provides transmission and supply of electricity in Khmelnitsky region. The company has a share of about 80% in the electricity market in the region. The company serves 550,310 domestic consumers and 20,170 commercial and industrial customers. Retail, industrial and other commercial enterprises are the main customers, who account for 42% 13% and 11% of all business respectively. The installed transformation capacity is 3,341 MW-A (which is performed through 7,522 substations). Khmelnytskoblenergo owns 33,000 km of overhead lines and 1,500 km of cable transmission lines. The company has 3,560 employees.
