Thursday, November 13, 2014

Ukraine will buy Russian coal at $ 40 million – RBC

The ship coal from South Africa arrived in the Ukrainian port. Archive

Photo: TASS

Ukrainian Energy Generating Company “Centrenergo” announced the purchase of 509 thousand in Russia. Tons of coal. Cost is $ 80 per ton. Coal will go to the three power plants. It is reported by UNIAN news agency, citing the statement of the company. Thus the total cost of the purchase may be $ 40 million.

In total the company has entered into contracts for the supply until the end of 2014 1,079,000 tons of coal. “Of which 509 thousand. Tonnes – is coal of Russian origin, 250 thous. Tons of South Africa and 320 ths. Tons – Ukrainian origin”, – quotes agency the message of the company. Name of the Russian supplier is not reported.

In this case the rest of the Russian coal imports cheaper, the company clarified. “The cost of Ukrainian coal under existing treaties, is 850 UAH (about $ 53) per tonne excluding VAT and transportation costs, the Russian coal costs 80 dollars per ton, the price of South African coal is 86 dollars”, – the report says. At the same time, taking into account the costs of loading and unloading the ship, transport, cost of coal from South Africa will be $ 110-112 per ton. “The basic conditions in contracts for the supply of coal is the price considering the quality parameters and the energy value of coal production and the conditions of delivery and payment” – the company said.

November 12 the Minister of Energy and Coal Industry of Ukraine Yuriy Prodan said that Ukraine will have to buy coal in Russia or in the DNI. At the same time it was reported that the South African company refused to supply coal. “Unfortunately, the company that carried out the supply, said it would no longer supply coal company” Centrenergo “- said Prodan. He said that Kiev will continue to “seek alternative sources of supply routes, but it is unclear how».

In early November, the Ukrainian authorities have declared that they are ready to buy coal from the Donbass region, under the control of militias. According to First Deputy Minister of Energy and Coal Industry Yuriy Zyukov, it is about 2 million tons of coal that has been mined, but not shipped. “This is already mined coal at its cost has already spent the money. We’re going to have to buy the coal of the same state-owned enterprises to the money were miners and were used for salaries, the maintenance of mines in operation, the reproduction of these mines and electricity costs, “- he said.

According to the Prime Minister of Ukraine Yatsenyuk deficit Ukraine Coal is 4 million tons.

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