ukraine power market outlook to 2030, update 2014 – market … · ukraine power market outlook to...

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%.


Table of Contents


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


Table of Contents


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


Table of Contents


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



8.4 SWOT Profile .................................................................................................................... 69

8.5 Key Company in the Ukrainian Power Market – DTEK ...................................................... 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


Table of Contents


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


Table of Contents


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


Table of Contents


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


Table of Contents


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



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



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.



Introduction

Note: the report provides actual or estimated data for 2013, depending upon information availability

at the time of writing the report.



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



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.




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]




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]


Appendix


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.


Appendix


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


Appendix


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


Appendix


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.


Appendix


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


Appendix


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.



Contact Us

NORTH AMERICA NEW YORK 441 LEXINGTON AVE, NY 10017 TEL: +1 646 395 5460

NORTH AMERICA SAN FRANCISCO 425 CALIFORNIA ST, CA 94104 TEL: +1 415 800 0336

NORTH AMERICA BOSTON 16 NEW ENGLAND EXECUTIVE PARK BURLINGTON MA 01803

EUROPE LONDON 40-42 HATTON GARDEN, EC1N 8EB TEL: +44 20 7406 6648

ASIA PACIFIC SEOUL POSCO CENTER BUILDING, 892, DAECHI-4DONG. GANGNAM-GU SEOUL 135-777 TEL: +82 2 559 0635

ASIA PACIFIC HYDERABAD KRISHE SAPPHIRE MADHAPUR, 500081 TEL: +91 40 6616 6700

ASIA PACIFIC SINGAPORE 1 FINDLAYSON GREEN #09-01, 049246 TEL: +65 6383 4688

ukraine power market outlook to 2030, update 2014 – market … · ukraine power market outlook to...

Documents