Donbasenergo () is a regional power generation company operating in the eastern part of
Ukraine
Ukraine is a country in Eastern Europe. It is the List of European countries by area, second-largest country in Europe after Russia, which Russia–Ukraine border, borders it to the east and northeast. Ukraine also borders Belarus to the nor ...
. The company was established in 1995 as a result of restructuring of the Ukrainian power sector.
[
] It owns and operates power stations in
Slovyansk
Sloviansk is a city in Donetsk Oblast, northern part of the Donbas region of eastern Ukraine. The city was known as ''Tor'' until 1784. While it did not actually belong to the raion itself, Sloviansk served as the administrative center of the S ...
(880 MW) and
Starobesheve
Starobesheve (; ) is a rural settlement in Donetsk Oblast, eastern Ukraine. The town is located on the right bank of the river Kalmius, about northwest of the internationally recognized border with Russia. Population:
History In the Russian Em ...
(1,685 MW),
Donetsk Oblast
Donetsk Oblast, also referred to as Donechchyna (, ), is an Oblasts of Ukraine, oblast in eastern Ukraine. It is Ukraine's most populous province, with around 4.1 million residents. Its capital city, administrative centre is Donetsk, though d ...
.
[
] The total installed capacity of the company is 2,820 MW and it has 4.6% market share of the Ukrainian
electricity market
An electricity market is a system that enables the exchange of electrical energy, through an electrical grid. Historically, electricity has been primarily sold by companies that operate electric generators, and purchased by consumers or electr ...
and 11.6% share of the Ukrainian heat market.
[
]
The major shareholder of Donbasenergo is Energoinvest Holding with 60.773% of shares. The state holding
Energy Company of Ukraine
Energy Company of Ukraine (ECU) () is a state-owned energy trading company, started its commercial operations in 2022.
The company operates under The State Property Fund of Ukraine.
Operations
The company is focused at supply of the electricity ...
owns 25% of shares.
[
] It is listed at the
PFTS Ukraine Stock Exchange
The Public JSC PFTS Stock Exchange is a leading stock exchange in Ukraine that for a long time (until 2006) legally was considered as a trading system, hence its name the First Stock Trading System (Ukrainian ''PFTS'').
The trading occurs on wor ...
.
Privatization
Majority shares of Donbasenergo were privatized in August 2013 to Energoinvest Holding,
[
] a subsidiary of Energoinvest Holding B.V. registered in the
Netherlands
, Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...
.
[
] It won the privatization only two months after its establishment.
"Энергоинвест Холдинг" привлек у "Украинских проектных инвестиций" кредит 650 млн грн
Up until August 8, 2013 the Dutch offshore company
The term "offshore company" or "offshore corporation" is used in at least two distinct and different ways. An offshore company may be a reference to:
* a company, group or sometimes a division thereof, which engages in offshoring business proce ...
Energoinvest Holding Joint-stock company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareho ...
was owned by Ukrainian coal mining company Krasnolimansk whose owner is Igor Gumenuk. Gumenuk is a known business partner of former President Victor Yanukovich
Viktor Fedorovych Yanukovych (born 9 July 1950) is a Ukrainian politician who served as the fourth president of Ukraine from 2010 to 2014. He also served as the prime minister of Ukraine several times between 2002 and 2007 and was a member of t ...
and previously Rinat Akhmetov. Energoinvest Holding BV has been owned since August 2013 at 100% by British Whitebridge Resources Limited, established in 2003.Party of Regions
A party is a gathering of people who have been invited by a host for the purposes of socializing, conversation, recreation, or as part of a festival or other commemoration or celebration of a special occasion. A party will often feature ...
not only for exports to offshore companies at lowered prices, but also to import raw materials and equipment to Ukraine by specially inflated prices". It has been described as a tax-free enterprise, that may be used for money laundering derived from Ukrainian exports and imports.
References
{{Reflist
Electric power companies of Ukraine
Companies based in Kyiv
Companies in the PFTS index