New director appointed for Centrenergo in attempt to end oligarch’s control


State Property Fund chief Dmytro Sennychenko (left) presents Centrenergo’s new director, Oleksandr Korchinsky (right) at Centrenergo’s headquarters on May 29.

After a grueling battle featuring judicial abuse and multiple bomb threats, state energy company Centrenergo is finally under new management. 

The State Property Fund, which owns 78.3% of the company, on May 29 said it cut through layers of bureaucratic and legal obstacles to install industry veteran Oleksandr Korchinsky as general director. The company supplies 15% of Ukraine’s energy needs.