Donbasenergo
{{Short description|Regional power company in eastern Ukraine}}
{{Infobox company
| name = Donbasenergo
| logo =
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| trading_name =
| native_name = Донбасенерго
| native_name_lang = uk
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| type = Public
| traded_as = {{PFTS|DOEN}}
UA:DOEN
| industry = Electricity
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| foundation = 1995
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| location_city = Kyiv
| location_country = Ukraine
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| products = Electric power
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| homepage = {{URL|www.de.com.ua}}
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Donbasenergo ({{langx|uk|Донбасенерго}}) is a regional power generation company operating in the eastern part of Ukraine. The company was established in 1995 as a result of restructuring of the Ukrainian power sector.
{{cite press release
|url = http://www.ebrd.com/pages/news/press/1996/107dec17.shtml
|title = Ukraine's Starobeshevo power plant modernises with EBRD finance
|publisher = EBRD
|date = 1996-12-17
|accessdate = 2014-09-09
|url-status = dead
|archiveurl = https://web.archive.org/web/20140910200556/http://www.ebrd.com/pages/news/press/1996/107dec17.shtml
|archivedate = 2014-09-10
}}
It owns and operates power stations in Slovyansk (880 MW) and Starobesheve (1,685 MW), Donetsk Oblast.
{{cite news
|url= http://uaenergy.com.ua/post/19825/donbassenergo-zakupit-u-elektrotyazhmasha-dva/
|title= Донбассэнерго закупит у Электротяжмаша два турбогенератора для реконструкции блока №6 Славянской ТЭС
|trans-title=Donbassnergo buys from Elektrotyazhmash two turbogenerators for reconstruction of the unit №6 of Slovyansk TPP
|agency= UA Energy
|date=2014-09-09
|accessdate=2014-09-09
|language = Russian}}
The total installed capacity of the company is 2,820 MW and it has 4.6% market share of the Ukrainian electricity market and 11.6% share of the Ukrainian heat market.
{{cite news
|url= http://tek.rbc.ua/rus/amku-razreshil-energoinvest-holdingu-priobresti-donbassenergo--29082013151700
|title= АМКУ разрешил "Энергоинвест Холдингу" приобрести "Донбассэнерго"
|trans-title=AMCU allows Energoinvest Holding buy DonbasEnergo
|agency= RBK Ukraina
|date=2013-08-29
|accessdate=2014-09-10
|language = Russian}}
The major shareholder of Donbasenergo is Energoinvest Holding with 60.773% of shares. The state holding Energy Company of Ukraine owns 25% of shares.
{{cite news
|url= http://uaenergy.com.ua/post/19737/donbassenergo-vlozhit-48-mln-grn-v-remont-bloka-9/
|title= Донбассэнерго вложит 48 млн грн в ремонт блока №9 Старобешевской ТЭС
|trans-title=Donbasenergo invests 48 million UAH in the repair of the unit №9 of Starobeshevo TPP
|agency= UA Energy
|date=2014-09-01
|accessdate=2014-09-09
|language = Russian}}
It is listed at the PFTS Ukraine Stock Exchange.
Privatization
Majority shares of Donbasenergo were privatized in August 2013 to Energoinvest Holding,
{{cite news
|url= http://www.ukrinform.ua/eng/news/donbasenergo_sold_for_uah_719_million_308190
|title= Donbasenergo sold for UAH 719 million
|agency= Ukrinform
|date=2013-08-21
|accessdate=2014-09-09}}
{{cite news
|url=http://finance.obozrevatel.com/economy/27103-vladeltsem-donbassenergo-stal-holding-donetskogo-regionala.htm
|title= Владельцем "Донбассэнерго" стал холдинг донецкого "регионала"
|trans-title=Holding of Donetsk "regional" became owner of Donbasenergo
|language = Russian
|date=2013-08-21
|accessdate=2014-09-09}}
a subsidiary of Energoinvest Holding B.V. registered in the Netherlands.
{{cite news
|url=http://www.bbc.co.uk/ukrainian/business/2013/08/130821_donbasenergo_sold_rl.shtml
|title= "Донбасенерго" продали компанії екс-депутата від ПР
|trans-title=Donbasenergo was sold to the company of a former MP from the Party of Regions
|publisher=BBC Ukrainian
|date= 2013-08-21
|accessdate=2014-09-09
|language = Ukrainian}}
It won the privatization only two months after its establishment.[http://maanimo.com/news/events/124520-energoinvest-holding-privlek-u-ukrainskih-proektnyh-investiciy-kredit-650-mln-grn "Энергоинвест Холдинг" привлек у "Украинских проектных инвестиций" кредит 650 млн грн].
Up until August 8, 2013 the Dutch offshore company Energoinvest Holding Joint-stock company was owned by Ukrainian coal mining company Krasnolimansk whose owner is Igor Gumenuk. Gumenuk is a known business partner of former President Victor Yanukovich and previously Rinat Akhmetov. Energoinvest Holding BV has been owned since August 2013 at 100% by British Whitebridge Resources Limited, established in 2003.{{cite web|last=Savitsky|first=Oleg|title=Yanukovich regime earns billions on illegal coal mining|url=http://350.org/yanukovich-regime-earns-billions-on-illegal-coal-mining/|publisher=350.org|accessdate=17 April 2014|date=24 January 2014}} The latter has been well known as the largest importer of Ukrainian metal in the UK exporting it to European businesses. Whitebridge Resources Limited has been used by members of Ukrainian establishment and donors of Party of Regions not only for exports to offshore companies at lowered prices, but also to import raw materials and equipment to Ukraine by specially inflated prices". It has been described as a tax-free enterprise, that may be used for money laundering derived from Ukrainian exports and imports.