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Doubling or tripling in size. The five largest electricity sellers in Ukraine in 2025
Despite the debt and war crisis in the energy sector, Ukraine's largest power companies have increased their revenue.

The Ukrainian electricity sector is having a difficult time in 2025. Billions in debt among market participants are accumulating in parallel with large-scale attacks on generating infrastructure. At the same time, the largest Ukrainian enterprises are only increasing their revenues.
How do the five most profitable Ukrainian electricity companies make money, and who owns them?
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