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KPD Consulting Assesses Corruption Risks at Energoatom

KPD Consulting Assesses Corruption Risks at Energoatom

Ukraine
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KPD Consulting in Ukraine has conducted an external assessment of corruption risks at Energoatom, the largest electricity power producer in Ukraine.

Energoatom, which was established in October 1996, operates four nuclear power plants with 15 power units. Energoatom provides about 55% of Ukraine’s need for electricity, and during autumn and winter this figure reaches 70%. According to KPD Consulting, Ukraine is eighth in the world in terms of installed nuclear power plant capacity, and second in the world in the share of nuclear power plant-generated electricity to overall electricity production.

According to KPD Consulting, "the scope of services included an assessment of corruption risks and the client’s processes aimed at reducing of corruption risks." According to the firm, Energoatom "received comprehensive recommendations [as to how to] improve its existing procedures." Finally, the firm reports, "the assessment and recommendations were made under the requirements of 'ISO 37001:2016 Anti-bribery management systems. Requirements with guidance for use'."

The KPD Consulting team was headed by Counsel Stanislav Odnorob, assisted by Managing Partner Igor Kalitventsev and auditors Serhii Cherviak and Stanislav Komchadalov.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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