NEWS/
Press Release from www.geonews.com.ua (April 14, 2004)
"Ukrgazvidobuvannya" Generated 15.8 Million Kilowatt Hours of Electricty in the First Quarter of 2004.
As reported by the press center of "Ukrgazvidobuvannya", in the first quarter of 2004, "Ukrgazvidobuvannya", the parent company of which is "NAK Naftagaz Ukraini", generated 15.8 million kilowatt hours of eletricity at the Lokachi Gas Deposit in the Volyn region of Ukraine.
This allows the company to cover its own electricy demand in the region and to supply power to the region's population centers.
The production of electricity at the Lokachi site is done with the help of modern power generation technology from BSI Industries, Inc. (Clarification: BSI is not the manufacturer of this technology. BSI provided engineering services and the procuremnt of technology, equipment and materials).
"Ukrgazvidobuvannya" plans to build similar power generation units utilizing the potential of gases and secondary energy sources on the Timofeev, Solokhov, and Yuliev gas deposits as well as at the Shebelinka and Yabluniv gas refineries. The realization of these projects, according to company representatives, will allow for an annual production of 300 million kilowatt hours; this would cover all of the company's electricity needs nationwide.
BSI Industries, Inc.
630 Morrison Road, Suite 100
Gahanna, Ohio 43230
Tel: (614) 863-4787
Fax: (614) 863-6617