DTEK thermal power plants boost power production 4.5% yoy in November

DTEK thermal power plants boost power production 4.5% yoy in November



21 грудня 2017 года
Конкорд Капитал

The thermal power plants (TPPs) of DTEK Energy (DTEKUA) boosted power supply to the wholesale market 4.5% yoy to 3.0 TWh in November, according to the company’s Dec. 20 press release. The growth was fueled by boosted power supply by TPPs consuming hard coal (rising 24.4% yoy to 2.4 TWh), while supply from its anthracite-burning power units fell by a third to 0.63 TWh.



The results imply DTEK TPPs generated 3.34 TWh of electricity in November (4.5% more yoy and 2.8% less m/m on average daily basis), according to Concorde Capital estimates. In 11M17, they produced 33.2 TWh, or about 0.3% less yoy.



The average price of electricity supplied by 12 Ukrainian TPPs (of which eight are controlled by DTEK Energy) was UAH 1635/MWh in November, according to the operator of Ukraine's wholesale energy market. This is 13% more compared to October and 9% less yoy.



Alexander Paraschiy: The results are in line with our view that DTEK Energy will generate about the same amount of power in 2017 as a year before. That allows us to confirm our full-year estimate of DTEK Energy’s EBITDA of UAH 17.7-18.0 bln for 2017. However, we are warning about the increased risk that the holding’s EBITDA will decrease next year.

Источник: Конкорд Капитал

Аналитик: Александр Паращий
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