Official Statement: To the attention of the media and the public

Today, certain Ukrainian telegram channels and websites began spreading inaccurate information regarding the procurement of cable products by Ukrhydroenergo from Turkish company ALTAIR LOJISTIK VE TICARET ANONIM.  
To prevent further manipulation on this sensitive topic, especially given the current situation in the country, we urge everyone to refrain from spreading false information. We recommend relying on verified sources or contacting Ukrhydroenergo for official comments.  
The matter concerns the results of the procurement procedure conducted as an open tender on the Prozorro electronic procurement platform in 2023. As a result, Ukrhydroenergo and ALTAIR LOJISTIK VE TICARET ANONIM signed the contract for the supply of cable products. It is important to clarify that this procurement covers only a tiny part of the construction of protective structure and, unlike erroneously reported by some sources, has only indirect relation to the construction project.  
The open tender for 150 kV and 330 kV cables took place from November 29, 2023 to December 13, 2023, and the contract was signed on December 25, 2023.  
We confirm that during the procurement process and at the time of signing the contract, neither ALTAIR LOJISTIK VE TICARET ANONIM nor its potential beneficiary, Mr. Andrejs Bradens, was included in the list of individuals subject to special economic or other restrictive measures (sanctions). Ukrhydroenergo fully complied with all Ukrainian legislation, thoroughly verifying its contractors for connections to the Russian Federation.  
On December 4, 2024, it became publicly known that the potential beneficiary of ALTAIR LOJISTIK VE TICARET ANONIM, Mr. Andrejs Bradens, had been added to the U.S. sanctions list.  
As of December 4, 2024, ALTAIR LOJISTIK VE TICARET ANONIM, which was awarded the contract under the aforementioned tender, is not listed in any sanctions registers.  
Nevertheless, upon receiving on December 4, 2024 information regarding inclusion of Mr. Andrejs Bradens, the potential beneficiary of ALTAIR LOJISTIK VE TICARET ANONIM, in the U.S. sanctions list, Ukrhydroenergo immediately initiated additional inspections. Based on the results of these inspections, appropriate measures will be taken in accordance with the current contract and Ukrainian legislation.  
Ukrhydroenergo operates as an open and transparent business. For any inquiries, all the parties interested may contact the Company's press office.