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Tariffs halt coal imports

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World Coal,

Rinat Akhmetov's DTEK Energy Holding believes that importing coal under the current tariffs for thermal power plants (TPPs) is impossible, DTEK Energo Commercial Director Vitaliy Butenko told reporters on the sidelines of the Ukrainian Energy Forum organised by Adam Smith Institute.

"Now Centrenergo is importing Russian coal at around US$76 per t. Compare that with the tariff [for TPPs]. It covers only UAH 840 per t and even if we compare with our price of coal – UAH 1500 per t, the coverage is 56%. There is no possibility of importing [coal]," he said.

Butenko said that the price of coal imported from South Africa under CIF TIS conditions is UAH 2762 per t, from Russia under DAP conditions it costs UAH 2291 per t, and that the production cost of coal at Ukrainian state enterprises is UAH 2111 per t, which costs UAH 1500 per t for DTEK.

Previously, DTEK had contracted two vessels to transport coal from South Africa with 165 000 t aboard each, however the company does not plan to buy any more coal from South Africa.

Butenko said that there are no plans to import coal from Russia too. At the end of 2014 the holding contracted 750-800 t from Russia with full advance payment. However, due to political reasons the supplies were halted, and the Russian contractors had to return the money which was paid in advance.

Edited from source by Joe Green

Source: Interfax Ukraine

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