KIEV, Oct. 17 – Ukrenergo has saved UAH 5.3 billion thanks to its new procurement process since October 2015, acting Ukrenergo Director Vsevolod Kovalchuk said on Espreso TV.

"We have saved UAH 5.3 billion on procurement during a year of my work," he said, adding that over UAH 3 billion was saved at tenders held at the end of September 2016.

The top manager said that the key reason of saving funds is competition between bidders at tenders announced by the company.