Business news from Ukraine

UKRAINE POWER RESOURCES VOWS TO ATTRACT EUR 140 MLN IN WIND POWER IN ODESA REGION

Ukraine Power Resources plans to build a wind power plant in Odesa region, Odesa Regional State Administration’s press service has reported.
According to the report, the construction of wind turbines is to begin this autumn. According to the project, it is planned to place 26 wind turbines with a total capacity of 100 megawatts in Lymansky district between the villages of Vyzyrka and Liubopil. Representatives of the company have already met with the leadership of the communities and villages located around the territory where it is planned to implement the project, the regional administration said.
“We have chosen Odesa region, because it has excellent natural wind resources. We are now choosing a turbine manufacturer and holding talks with investors who can provide the financing. EUR 140 million in investment will be attracted at the first stage of the project. In October we will get a building permit and immediately start it,” Ukraine Power Resources CEO Peter Gish said.
According to the company’s website, Gish is a co-founder of Ukraine Power Resources. Over the last two decades, he has successfully participated in the development of over 2.1 GWs of wind power capacity in six countries.

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EBRD COULD SIGN AGREEMENT WITH UKRZALIZNYTSIA TO PROVIDE FUNDS TO BUY WAGONS

The European Bank for Reconstruction and Development (EBRD) could sign one more agreement with public joint-stock company Ukrzaliznytsia in 2018 to provide funds to buy wagons. An Interfax-Ukraine correspondent has reported that Deputy Director of the EBRD for Ukraine Marina Petrov gave the information at the Ukrainian Infrastructure Forum 2018 in Kyiv.
“We hope that in the near term we will sign one more deal on the purchase of wagons,” she said, not specifying the details of the future agreement.
Petrov also said that the annual total volume of lending in the infrastructure area of Ukraine by the EBRD is up to EUR 300 million.
“We expect that EUR 150-300 million, which we usually make in the transport sector a year, we would make this year,” Petrov said.
As reported, Ukrzaliznytsia seeks to buy around 9,000 new wagons in 2018, including 5,180 from third parties. 3,400 out of 5,180 wagons to be bought from third parties some will be bought using the planned loan of the EBRD.

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UKRAINE SEES 4.7% RISE IN COKE PRODUCTION

Ukrainian by-product coke plants increased production of lump coke with 6% moisture by 4.7% in January-March 2018 year-over-year, to 2.705 million tonnes.
The Ukrkoks association of -product coke enterprises (Dnipro) told Interfax-Ukraine that some 930,000 tonnes of coke was made in March.
Ukrkoks Director General Anatoliy Starovoit said that the plants stably produce coke. Avdiyivka by-product coke plant and ArcelorMittal Kryvyi Rih are loaded almost in full.
ArcelorMittal Kryvyi Rih launched the reconstructed coke-oven battery five. It is planned that the battery will reach its full capacity in May, Starovoit said.
He said that in January-March 2018 some 233,000 tonnes of coke was imported.
“ArcelorMittal Kryvyi Rih did not import coke in March… Azovstal and Dniprovsky steel works imported coke last month,” he said.

LARGEST UKRAINIAN MOBILE COMMUNICATIONS OPERATOR KYIVSTAR DENIES COMPLAINTS AGAINST 4G TENDER

The 4G communications tender for the 1800 MHz band on March 6 was held honestly, professionally and openly, fully in line with the Ukrainian legislation, President of the largest Ukrainian mobile communications operator Kyivstar Petro Chernyshov has said. “We are thankful for support of authorities in holding the successful tender, in particular, the president of Ukraine. I regret about my previous comments. I had no intention to criticize the tender process,” he said in a statement published on Wednesday.
Earlier on Wednesday, an interview of on March 6 was published. He criticized the fact that Ukrainian President Petro Poroshenko spoke at the tender between the session for the second and third lots.
In the new statement, the Kyivstar president pointed out concerted efforts of all power institutions, the regulator and the government during the entire period of preparations and holding the 4G tenders for 1800 MHz and 2600 MHz to make them successful.
Chernyshov recalled that the company invested over UAH 14 billion in the development of new technologies in Ukraine and seeks to expand its presence in the sphere, in particular, to install over 600 additional towers in 2018 to expand the 4G coverage territory on the major part of Ukraine, including in rural areas.
Kyivstar highly appreciates the potential of 4G development in Ukraine and believes that access to new technologies became possible thanks to the holding of the successful and transparent 4G tender for radio frequencies.

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