Ukrhydroenergo supervisory board approves draft owner’s expectations letter for 2025

The Supervisory Board of Ukrhydroenergo has approved proposals for the draft Owner’s Expectations Letter for 2025, outlining the company’s key financial, operational, and non-financial objectives.  

During the meeting, Valentyn Gvozdiy, chairman of the supervisory board, informed board members that, according to the company's Charter, approving objectives and financial indicators—such as profitability, liquidity, and solvency ratios, as well as the maximum threshold for capital investments—falls within the Board’s purview.  

"Submitting proposals to the draft Owner’s Expectations Letter is a crucial step toward strengthening the principles of corporate governance at Ukrhydroenergo. It establishes clear benchmarks for achieving financial, operational, and non-financial objectives aligned with the company’s sustainable development strategy and the state’s expectations as the shareholder," emphasized Valentyn Gvozdiy.  

The indicators outlined in the draft letter are part of Ukrhydroenergo’s strategy to ensure the company’s stable development, optimize its financial performance, and strengthen its position in the energy market.  

Additionally, the Supervisory Board approved the company’s activity report for the first nine months of the current year. The report, presented by CEO Ihor Syrota, highlighted the achievement of key financial metrics, including profitability and tax contributions, despite numerous challenges caused by the ongoing war and missile strikes. The company has focused on restoring infrastructure following significant damage to hydroelectric facilities sustained in March, May, June, and August this year.  

Moreover, the Supervisory Board committee meetings were held, covering appointments and remuneration, risk management, strategy and sustainable development, and auditing.