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Vostokenergo

Sector: Geothermal • Location: Ukraine

Source: World Bank Group

Project
Active

Vostokenergo Ltd. was Ukraine's first private energy generation company established in December. It operated three thermal power plants: Luganskaya, Kurakhovskaya (both in the Donetsk region) and Zuevskaya, located in the Lugansk region.

Vostokenergo emerged as Ukraine's first IPP after a debt restructuring transaction involving a liquidation of a few assets belonging to the state-owned electri

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The project “Vostokenergo” is an infrastructure initiative in the Geothermal sector, located in Ukraine. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Vostokenergo Ltd. was Ukraine's first private energy generation company established in December. It operated three thermal power plants: Luganskaya, Kurakhovskaya (both in the Donetsk region) and Zuevskaya, located in the Lugansk region. Vostokenergo emerged as Ukraine's first IPP after a debt restructuring transaction involving a liquidation of a few assets belonging to the state-owned electricity company, Donbassenergo. In March 2002, Vostokenergo was licensed by the NERC (National Electricity Regulatory Commission) to perform entrepreneurial activities in electric power generation. In 2002, all three thermal power plants were incorporated under Vostokenergo. In 2005, the power generation company was incorporated into DTEK. Not sure if it is a partial/full divestiture.

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Source reliability

High

Data quality score

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