Schemes by Andrey Derkach and ECU JSC
Electric fraud is not just terrible, but simply criminal, Khvylya writes.
In the previous episodes of the blockbuster “The Story of a Treason”, you have already learned about:
Derkach's work scheme
Friendly corporatization
How nuclear storage was tempered
You probably already thought that the topics were exhausted and the plot was coming to an end? You are mistaken, I still have a lot to tell about… After all, “tireless thieves” continue to plunder and destroy the energy industry of Ukraine.
As you know, on March 16, 2022, the energy system of Ukraine was synchronized ahead of schedule with the energy system of Europe, which created the technical possibility of exporting Ukrainian electricity to the countries of the European Union and opened up new opportunities and markets for Ukrainian business.
The fish itself swam into hands, so the criminal gang of Derkach/Galushchenko/Kotin/Boyarintsev could not get away from this fact, given the situation in the European energy markets. The export of electricity opened up unlimited possibilities!
Back in the summer, on the air of Alpha and Omega “Bloody Electricity”, I warned about a possible scheme to create an artificial monopoly on the export of Ukrainian electricity:
Did the derkachats have a plan for this? Even two.
At first, they decided to monopolize de jure exports and went the usual way, trying to stupidly push through a law on electricity exports without auctions. But immediately they got hit in the face with a wet rag, because the proposed concept of the law does not comply with the Law of Ukraine “On the Electricity Market”, the requirements of the regulations and directives of the European Union. In short, it does not answer anything, and therefore, simply at the request of the Minister of Energy, well, it cannot become law in any way. ” title=”Schemes by Andrey Derkach and JSC ECU” width=”666″ height=”872″ alt=”Schemes by Andrey Derkach and JSC ECU” />
Schemes Andrey Derkach and ECU JSC
Then the descendants of Ostap Bender took a different path. They decided to monopolize exports de facto, but in such a way that no one undermined. To do this, Derkachev’s muzzles removed the dust-stained JSC Energy Company of Ukraine, which was established in 2004 and managed the state’s corporate rights in the electric power industry until 2014, and was subsequently sent for liquidation, because due to privatization, its energy assets decreased due to privatization.
Here, the main focus of virtuoso adventurers was to save time on creating the illusion of an alleged company “with a history” that is not connected with them in any way. Therefore, they simply made a simple restyling in the form of appointing the director of the famous Vitaly Butenko, known in the recent past as the head of the TET Group LLC, which appeared in the “scheme” import of electricity to Ukraine from Belarus, and before that – the commercial director of DTEK.
So, from the very beginning, Butenkovskoye JSC “EKU” tried to raise working capital through banking institutions, because the funds were needed to purchase electricity and access to the intersection.
The payment for the crossing was high and amounted to 15-20 cents per kWh during peak hours, but such “little things” never stopped Andriy Derkach's team, because under any conditions they could extort the required amount from the state. Moreover, the project was profitable, because they bought electricity here for 7 cents per kWh, and sold it at 35-40 cents per kWh. But at the first stage, something went wrong – despite all the profitability indicators, banks refused to issue working credit money to ECU JSC, assessing the company as super-risk.
And here, thanks to the administrative resources of JSC ” ECU receives exclusive conditions. The latest defibrillator was NNEGC Energoatom, which itself needs resuscitation.
Such an order is a direct initiative of Minister Galushchenko, and the foundation of the First Vice Prime Minister – Minister of Economy of Ukraine Ms. Sviridenko (since the amount of repayable interest-free financial assistance by UAH 500 million exceeded 25% of the value of the company's assets).
And now between JSC “ECU” and NNEGC “Energoatom” an agreement is signed (attached) on the transfer of UAH 500 million. the first free of charge when generating working capital.
Schemes by Andrey Derkach and JSC ECU
Schemes by Andrey Derkach and JSC ECU
Schemes by Andrey Derkach and JSC ECU
Schemes by Andrey Derkach and JSC ECU
Schemes of Andrey Derkach and JSC ECU
Schemes by Andrey Derkach and ECU JSC
The most interesting of this is not even that NNEGC Energoatom does not have the legal authority and appropriate permits for this, but that it cannot cover its own needs by attracting credit funds for this. It turns out that the loan provided by NNEGC Energoatom in May by Ukrgasbank in the amount of UAH 1.5 billion. for the purchase of fresh nuclear fuel, Westinghouse is displayed through gasket companies under a different guise.
But at the end of the signed agreement, a microscopic subclause states that this loan has no signs of financial services, therefore, Law of Ukraine No. you need appropriate permissions that no one else has. The participants of the regatta are well aware of the responsibility for exaggerating official powers, but they still exaggerate them, trying to cover up the “naked farm” with a fig leaf.
You may think that this is the culmination of trash, but no… this is just the beginning.
As I noted, the main target task of working capital is the purchase of electricity for its further sale. But why buy electricity if you can… take for free?
From the first days, NNEGC Energoatom granted exclusive rights to ECU JSC by contracting a significant amount of electricity with them for a symbolic cost with a deferred payment for 6 months. However, this was not enough. ECU JSC additionally bought electricity from DTEK's thermal power plants in different market segments, but also at indirect prices. Which side of DTEK is in this scheme, you ask?
ECU JSC starts exporting electricity… at NEK auctions, they dump at a loss, trying to get all the throughput capacity of the intersection (creating a de facto monopoly), but realizing the stupidity of their extravagance, they simply divided the market with DTEK. And a “friendly” trader is already waiting abroad, who has previously acquired the rights to various cross-border crossings in many directions and, having received Ukrainian electricity at a low price, then sells it to more expensive European markets, concentrating all the profit. Thus, the entire marginality of such trading settled in Europe and was distributed among all beneficiaries of such a process, while the damage remained on Ukrainian state-owned companies.
For a general understanding, the costs of ECU JSC for access to the intersection were not covered by the difference in prices between spot markets of Ukraine and European countries where electricity was sold, therefore, the volumes of export PSO, which the exporter trader paid to the Guaranteed Buyer (80% of the difference in electricity prices on the European market and the Ukrainian market, minus the costs of crossing and tariffs of the OSP) are optimized in advance.
In general, the economic performance of ECU JSC for that period has a negative balance, respectively, there is no talk of returning the funds raised and paying deferred payments to NNEGC Energoatom for electricity…
That is, in the bottom line, the state trader did not conduct export activities to obtain maximum profit, but acted only as a “transit point” on its way to Europe. If ECU JSC, as a monopoly state trader, had the goal of obtaining maximum income in European markets, it would directly sell electricity directly to countries with the highest prices per MWh.
Andrey Derkach and JSC schemes ECU
Once again, crooks are making fools of everyone, because the real competition of private traders would bring more state-owned enterprises, saturate the industry with money, support the wartime economy, and Energoatom could spend 500 million UAH on the purchase of critical spare parts and fuel to ensure their work.
But then it gets even worse – the enemy is bombing infrastructure facilities, and since October 11 there has been no export, 500 million UAH. successfully credited, there is nothing to repay debts, but this is not necessary, this is also discussed in the contract itself. Yes, the standard condition is usually indicated there – to return the funds before December 31, 2022, in case of non-fulfillment of which even the payment of a penalty fee and debiting of funds from all bank accounts of the borrower is provided. But then comes the reinforced concrete point “Confidentiality”! And now he just releases the parties from any responsibility and the need to repay the loan, since it assumes that 10 years (!!!) after the expiration of the contract, the parties undertake not to disclose information on it to anyone, including public authorities! For all the claim periods will expire by that time… Checkmate!
So, financial assistance was originally planned as irrevocable.
And here, by the way, a logical question arises – why didn't Energoatom export its electricity on its own? The structure of NAEK has a subdivision called Energoatom-Trading, which employs more than 100 people who receive wages. The division, by the way, was created with the aim of making a profit through the efficient sale of electricity, including on international markets.
It would seem that Andriy Derkach's team, as always, managed “excellently” – no money… no electricity… no repaid loan…
And if you have already finished your glass of Corvalol, then it is worth dripping a new one, because I will add in conclusion…
On November 23, 2022, during the rocket attacks that led to the emergence of an emergency situation in the UES of Ukraine, the “derkachats” managed to outwit themselves. NNEGC Energoatom stopped producing electricity, but did not terminate bilateral contracts for its sale. Thus, in the period from November 24-27, NNEGC Energoatom carried out the sale of “air”, clearly realizing the impossibility of generating after the shutdown. What is wrong with this, you ask?
The total cost of the imbalances created by the atom is more than UAH 870 million, which must be paid on the balancing market of ECU JSC, having received these funds from NAEK.
In order to prevent this “miracle of the ship” from sinking prematurely, the NEURC was involved, which in a hurry decided not to take into account the created imbalances in the volume of financial guarantees and not send ECU JSC into default.
So, another crime “derkachat” It is obvious: ECU JSC is a pad for cynically laundering money not only from state-owned enterprises, but also from the country itself. And this is in conditions when the country is bleeding…
For some reason, it seems to me that the next audit of the Ukrainian energy market will have to be carried out by the Armed Forces of Ukraine, and it will be much faster than some expect!
Viktor Kurtev
Sanctions are not a hindrance: Andriy Derkach continues to control Energoatom
NABU and the State Bureau of Investigation no longer investigate cases on Derkach’s tapes
