Ukraine: Billionaire Akhmetov’s electricity producer probed

Ukraine’s Anti-Monopoly Committee (AMKU) has opened an antitrust probe into the country’s biggest power producer, DTEK, owned by billionaire Rinat Akhmetov.

In an October 7 explanatory statement on the regulator’s website, the AMKU accused a unit of Akhmetov’s energy holding located in the western region of Ivano-Frankivsk of “abusive economic practices.”

DTEK subsidiary Zakhidenerho has been allegedly taking advantage of its “market presence” there, where its coal-fired plant accounts for 90 percent of electricity production in three regions at the so-called Burshtyn Energy Island.

Full Content: Radio Free Europe

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