07.04.2011, 21:54
Shareholders Rename Energougol ENE
OREANDA-NEWS. April 7, 2011. The annual General Meeting of Shareholders of Energougol ENE OJSC, held on April 5, 2011, passed the resolution on changing the name of the company to comply with the Law of Ukraine ‘On Joint-Stock Companies’.
Energougol ENEOpen-Joint Stock Company was renamed to DTEK Energougol ENE Public Joint-Stock Company by majority of votes.
The meeting of shareholders also approved the amendments to the Articles of Association of the Company and the financial statements for 2010. The decision not to pay dividends and keep the 2010 net profit of UAH 42.57 m undistributed was made by the majority vote of the shareholders.
Reference
DTEK Energougol ENErepresents DTEK’s electricity distribution business. It supplies electricity to coal mining companies, engineering enterprises, food and consumer goods producers, state-financed organizations and households of Donetsk city and Donetsk Region. DTEK ENERGOUGOL ENE operates 107 distribution substations, 290 transformer substations, 446.55 km of overhead power transmission lines, and 717.95 km of cable electricity transmission lines.
DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and preparation, electricity generation and distribution.
The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five coal preparation plants. Also DTEK rents the whole production complex of state owned coal mining company Dobropolyeugol (5 mines) . The Lease Agreement with 49 years tenure was signed with the State Property Fund of Ukraine.
The power generation business of DTEK is represented by Eastenergo (Vostokenergo) and the associate companies Dniproenergo, where DTEK owns 47.55%, and Zakhidenergo, where DTEK together with affiliate companies owns 24.9%.
Service-Invest, DTEK Energougol ENE and the associated Donetskoblenergo Company, where DTEK owns 30.6%, represent the electricity sales and supply business of DTEK.
DTEK also holds a 39.98% stake in Kievenergo, which provides a full cycle of energy supply to Ukraine’s capital, with a unified process for production, transport and supply of heat and electric energy.
For more details see: www.dtek.com
Energougol ENEOpen-Joint Stock Company was renamed to DTEK Energougol ENE Public Joint-Stock Company by majority of votes.
The meeting of shareholders also approved the amendments to the Articles of Association of the Company and the financial statements for 2010. The decision not to pay dividends and keep the 2010 net profit of UAH 42.57 m undistributed was made by the majority vote of the shareholders.
Reference
DTEK Energougol ENErepresents DTEK’s electricity distribution business. It supplies electricity to coal mining companies, engineering enterprises, food and consumer goods producers, state-financed organizations and households of Donetsk city and Donetsk Region. DTEK ENERGOUGOL ENE operates 107 distribution substations, 290 transformer substations, 446.55 km of overhead power transmission lines, and 717.95 km of cable electricity transmission lines.
DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and preparation, electricity generation and distribution.
The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five coal preparation plants. Also DTEK rents the whole production complex of state owned coal mining company Dobropolyeugol (5 mines) . The Lease Agreement with 49 years tenure was signed with the State Property Fund of Ukraine.
The power generation business of DTEK is represented by Eastenergo (Vostokenergo) and the associate companies Dniproenergo, where DTEK owns 47.55%, and Zakhidenergo, where DTEK together with affiliate companies owns 24.9%.
Service-Invest, DTEK Energougol ENE and the associated Donetskoblenergo Company, where DTEK owns 30.6%, represent the electricity sales and supply business of DTEK.
DTEK also holds a 39.98% stake in Kievenergo, which provides a full cycle of energy supply to Ukraine’s capital, with a unified process for production, transport and supply of heat and electric energy.
For more details see: www.dtek.com
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