Bìznes Inform (Sep 2017)
The Experience of Use of Financial Instruments by the Enterprises of Thermoelectrical Energy Industry in Ukraine
Abstract
The article is aimed at identifying the characteristics and tendencies of the practical use of financial instruments by thermal power plants from the viewpoint of its relevance to the needs of the renewal and expansion of Ukraine’s power generation capacities. The unsatisfactory status of the electric power generation capacities in Ukraine makes it necessary to substantiate the instruments for financing the process of their renewal. However, despite the keen interest of scientists towards the electrical energy sector in general and some aspects of its development in particular, the issue of substantiating financial instruments for modernization of the industry sector has not been adequately addressed yet. An assessment of current practices in the use of financial instruments by enterprises in the electrical energy industry should be considered as an important basis for developing proposals in this direction. The indicated institutions are sufficiently extensively operated by the State to fill the budget and by private owners for their personal enrichment. An important factor in the conduct of owners is obviously the specificity of the technology used, which, given the poor state of the production capacities of thermal generation of electrical energy, determines the lack of prospects as to investments in the renewal of equipment of the enterprises concerned.
