Oops, yes you're correct. I was confusing the Ukraine with Kazakhstan. I had meant to state Kazakhstan as I realise that Ukraine has rising power prices, I did mention this some months ago.
A battle over ‘unaffordable’ renewable tariff is brewing
Since his return to Ukraine, billionaire Ihor Kolomoisky has been working to increase his control over the energy sector. His industrial concerns, especially his ferroalloy plants, have everything to gain from a reduction in mandatory renewable tariffs that are paid by energy transmission fees. Kolomoisky has publicly come out against feed-in tariffs in recent months.
Other ferroalloy plants and industrial energy consumers have also complained about high energy costs related to Ukraine’s new energy market that launched on July 1. https://www.kyivpost.com/business/a...enewable-tariff-is-brewing.html?cn-reloaded=1
Post #:42382552 Electric shock: Ukraine is on the verge of blackout
Energy-intensive ferroalloy enterprises (mainly producing alloys for deoxidation and alloying of steel) were among the first to suffer. The Kiev edition of Delovaya Stolitsa writes that for the largest metallurgical plant ArcelorMittal Kryvyi Rih, over the past month alone, electricity has risen in price by 20 percent. And Nikopol and Zaporizhzhya plants lost 122 and 70 million hryvnia, respectively.
Kazakhstan is whole different story. They are increasing alloy production due to very low power costs. YDD Corporation LLD and Eurasian Resources would have to have the cheapest power. https://www.eurasianresources.lu/en/home
OMH Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
