Photo: Energoatom
The Supervisory Board of PJSC “NNEGC Energoatom” has stated that it is taking allegations of corruption involving company employees “with the utmost seriousness.” The announcement came Tuesday morning, November 11, following the previous day’s disclosure by Ukraine’s National Anti-Corruption Bureau (NABU) of large-scale high-level corruption in the energy sector.
The board said it will convene a special meeting “to comprehensively assess the situation and determine appropriate actions.” This will include initiating an independent review of relevant operations, as well as a thorough evaluation of the company’s internal procedures and control systems.
The Supervisory Board emphasized its commitment to “full transparency, accountability, and the highest standards of integrity within the organization, and cooperation with state authorities.”
The Energoatom Supervisory Board was legally established in June 2024 but became operational only in January 2025. The chair of the board is former Lithuanian Energy Minister Jarek Neverovich. Other members include Michael Elliot Kirst (former top manager at Westinghouse Electric Company), Tymofiy Milovanov (former Minister of Economic Development and honorary president of the Kyiv School of Economics), and Vitaliy Petruk (Secretary of State, Ministry of Economy). One board seat remains unfilled.
On November 10, NABU and the Specialized Anti-Corruption Prosecutor’s Office (SAPO) conducted the large-scale “Midas” operation to expose high-level corruption in the energy sector. Among those implicated are the president’s close associate and businessman Timur Mindich, Justice Minister Herman Halushchenko, a former advisor to the Minister of Energy, and others.
The scheme involved exerting influence over strategic state-owned enterprises, including Energoatom. Organizers allegedly received up to 15% of the value of company contracts in kickbacks, which were paid by contractors they were directed to work with. Overall, the participants reportedly laundered $100 million through an office in central Kyiv belonging to the family of former MP Andriy Derkach.
