Business news from Ukraine

Mykolaiv combined heat and power plant ESTIMATED AT UAH 57 MLN FOR PRIVATIZATION

The cost of a 99.912% stake in PJSC Mykolaiv combined heat and power plant (CHPP) for sale at a tender is estimated at UAH 57.016 million, Acting Head of the State Property Fund (SPF) Vitaliy Trubarov wrote on his Facebook page.
He noted that the interdepartmental working group on privatization under the Cabinet of Ministers and the SPF will form the conditions for privatization of the power facility. And after they are approved by the government, the CHPP will be put up for sale.
As reported, the SPF failed to sell Mykolaiv combined heat and power plant at a price of UAH 97 million due to a lack of interest from potential buyers.
Mykolaiv combined heat and power plant, with the installed electric capacity of 40 MW and heat power of 410 Gcal/h, serves about 39,400 consumers of the city.


Bank Arcada will build a substation of 110 kV in the Osokorky area in Kyiv by the end of 2018, the press service of power supply company PJSC Kyivenergo has said.
According to Kyivenergo, it is also planned in 2019 to start the construction of another 110 kV substation Slavutych. The total design capacity of the two substations is 252 MVA.
“The construction of the 110 kV Arcada substation in Osokorky was started last year and its commissioning is scheduled for the end of 2018. The Slavutych substation will be built in 2019. Thanks to the two new substations, not only the residents of the previously built high-rise buildings, but also about 30,000 future owners of housing in new neighborhoods will be provided with a stable and reliable electricity supply,” the press service noted.
Kyivenergo noted the annual electricity consumption in the capital is increasing by 4-5%, the problem of power grids development is especially acute for micro districts with active housing building.
“For example, more than 40 emergency power outages occurred in Darnytsky district during 2017 because of the overloading of transformers of the 110 kV Osokorky substation, built in the early 2000s. Further connection of new consumers to the capacity of this substation is limited,” the company said.


The National Commission for Regulation of Energy, Housing and Utilities Services (NCER) has issued a license for the supply of natural gas to TrailStone Energy LLC (Kyiv).
The decision to grant a license to the Ukrainian subsidiary of the trader TrailStone was made at a meeting of the regulator on January 16.
As reported, the NCER has already issued about 400 licenses for gas supply in Ukraine. In particular, the licenses were received by the large world companies and traders represented by Trafigura, Engie, MET, AOT Energy, DufEnergy.
TrailStone was founded in April 2013 by the team that previously held the leading posts at Deutsche Bank. The investor in TrailStone was the American private fund Riverstone Holdings LLC, founded in 2000, with offices in New York, London, Houston, and Mexico. During its existence, the fund has invested about $30 billion in more than 110 companies in North America, Latin America, Europe, Africa, and Asia.
TrailStone became one of the first sellers of gas from Europe to Ukraine, supplying it to Naftogaz Ukrainy.


Ukraine has fully used basic and additional quotas for wheat and maize supplies to the European Union for 2018, the Ukragroconsult consulting agency has reported.
“In the period from January 1 to January 5 Ukraine fully used both basic and additional quotas for exports of wheat and maize to the EU countries in 2018,” the agency said on its website.
Thus, quotas for the supply of wheat and corn have been 100% used (1.035 million tonnes and 1.125 million tonnes respectively).
The quota for duty-free barley exports as of January 5 had been 2.5% used (15,680 tonnes from the approved 615,000 tonnes).
As reported, Ukraine has also fully used basic quotas for duty-free supplies of honey (about 8,000 tonnes), grape and apple juice (14,000 tonnes) from Ukraine to the EU.