The National Anti-Corruption Bureau and the Specialized Anti-Corruption Prosecutor’s Office are conducting an investigation into a possible corruption scheme at the company “Energoatom” during the implementation of an infrastructure project. According to the investigation, it concerns the embezzlement of significant funds during the construction of the Tashlyk Hydroelectric Pumped Storage Plant (HPP) in the Mykolaiv region.
This is reported by Finway
Suspicion of misappropriation of state company funds
Among those suspected of involvement in the scheme are the actual owner of several commercial structures and a former head of the “Atomprojectengineering” department within “Energoatom”. According to NABU, the completion of the Tashlyk HPP was carried out by one of the companies belonging to the alleged organizer of the scheme.
Law enforcement officials established that the work was performed with significant violations of deadlines, as well as in the presence of bankruptcy proceedings concerning the company. Despite this, new additional agreements were regularly signed with the contractor, which changed the volumes and list of works, as well as the deadlines for their completion.
“Despite the disruption of deadlines and violations regarding the company’s bankruptcy proceedings, additional agreements were systematically concluded with it, which changed the list and volume of works, as well as the deadlines for their completion. This was made possible by the influence of the actual owner of the company on the officials of Energoatom.”
A total of over 70 such additional agreements were recorded, one of which provided for the purchase of a set of equipment for the automated control system of the HPP worth over 305 million UAH.
Artificial inflation of equipment prices and suspicions
Investigators believe that the equipment was purchased through a controlled foreign company. This scheme allowed for the artificial inflation of the equipment’s cost by nearly 170 million UAH. Two individuals have been notified of suspicion under the article concerning the misappropriation or embezzlement of property, as well as the acquisition of it through abuse of office.
The names of the suspects are currently not disclosed. At the same time, “Energoatom” has not provided official comments regarding this investigation.
As early as November 2025, NABU reported the exposure of a criminal organization that was systematically obtaining illegal benefits from “Energoatom” counterparties in the amount of 10% to 15% of the contract value.