Joint Stock Power Supply Company Khmelnitskoblenergo (EC "Khmelnitskoblenergo" JSC) is an unalienable part of the United Energy System of Ukraine. The Company provides electricity supply at a regulated tariff to consumers located in Khmelnitskiy Region of Ukraine.
EC Khmelnitskoblenergo was founded as public joint stock company according to the Decree of the President of Ukraine as of April 04, 1995 "On the Reconstruction of the Energy Complex of Ukraine" through corporatisation (reorganization) of the State-Owned Power Supply Company "Khmelnitskoblenergo" with establishing on the basis of its assets of the State-Owned Power Supply Joint Stock Company "Khmelnitskoblenergo" according to the Order of the Ministry of Energy of Ukraine as of 17.08.95 р. # 157. Afterwards the Company changed it name into Power Supply Joint Stock Company "Khmelnitskoblenergo" which is a legal entity performing entrepreneurial activity and assignee of the State-Owned Joint Stock Company "Khmelnitskoblenergo".
EC Khmelnitskoblenergo JSC is one of the enterprises that have strategic importance for Ukraine.
The main goal of the Company operating in the United Energy System of Ukraine is transmission and reliable supply of electricity to consumers located on the area of Khmelnitskiy Region in compliance with provisions of the agreements concluded with them at tariffs that are regulated according to effective legislation of Ukraine.
To perform its activity the Company has the following licenses:
For electricity transmission through regional (local) power transmission networks over the area of location of the power transmission networks owned by the Company (Khmelnitskiy Region).
For electricity supply at a regulated tariff over the area of location of the power transmission networks owned by the Company (Khmelnitskiy Region).
For electricity generation.
For design of engineering networks, power supply systems and electric equipment.
For special construction and mounting works.
For design, mounting and technical maintenance of fire protection tools and heating systems.
Clients of the company are nearly 550 000 residential electricity consumers and 10 000 legal entities the largest part of which is constituted by agricultural and industrial consumers.
The Company is located over the territory of Khmelnitskiy Region of Ukraine and occupies the area of 234 hectares.
Local networks for electricity transmission and supply to consumers located in the region consist of the electricity transmission grids with length of nearly 35 000 km, transformer substations with voltage of 110/35/10 kV and total installed capacity of 1715 MVA and transformer substations with voltage of 10/0,4 kV and total installed capacity of 1303,4 MVA. Total book value of the above mentioned assets amounts to 107 mln hryvnias.
The Company operates two hydro power stations with installed capacity of 1,165 MW.
EC Khmelnitskoblenergo JSC in January of 2000 made the first step to enter the world stock market: the US Securities and Exchange Commission registered The Program of Issue of American Depositary Receipts for the Company's shares. EC Khmelnitskoblenergo JSC also concluded Depositary Agreement with the Bank of New York.
The Company's shares are high-liquid and have been sold since June 1997 through preferential sales to the Company's employees, sales at certificate auctions and through stock exchange and PFTS (Ukraine OTC Electronic Stock Trading System).