Business news from Ukraine

Business news from Ukraine

Rivne NPP purchases five Electron buses for UAH 90 mln

26 December , 2025  

The ElectronMash plant (Lviv), which is part of the Electron corporation, and the Rivne NPP branch of the Energoatom National Nuclear Energy Company have signed a contract for the supply of five new large city buses for an estimated UAH 75.375 million (excluding VAT).

According to information in Prozorro, the agreement was signed on December 24 after ElectronMash was declared the winner of the relevant tender, in which it was the only participant.

According to the contract, with a total value of UAH 90.45 million (including VAT), the buses will be delivered within 245 calendar days from the date of receipt of the advance payment. A 30% advance payment (UAH 27.135 million) is provided for within 30 calendar days from the date of signing.

As reported, ElectronMash offered 12-meter low-floor Electron A18501 buses at a price of UAH 15.075 million (excluding VAT) each.

The buses were manufactured this year. They are equipped with a Cummins diesel engine that meets the Euro 6 environmental standard, a ZF automatic transmission, and an EBS system. Each bus is designed to carry more than 100 passengers (at least 30 seated), equipped with a folding ramp and seat belts in the passenger compartment to secure wheelchairs.

The Electron A18501 buses were first introduced by the manufacturer in 2016 and are currently in operation in Lviv and Uzhhorod.

The Rivne Nuclear Power Plant announced a tender for the purchase of five large buses on October 17 this year, with a delivery date of November 30, 2026. The auction was scheduled for October 28, but the customer postponed the deadline for submitting bids and its date several times.

As reported, the large Ukrainian bus manufacturer Etalon Corporation considered the tender conditions to be discriminatory, as they were written for the Turkish Temsa LF 12 bus, and also noted that for the announced price, it could offer seven Etalon buses instead of five. However, the customer did not change the tender conditions proposed by Etalon.

ElektronMash Plant LLC, in which Concern-Elektron JSC owns a 55% stake, specializes in the design and manufacture of trams, trolleybuses, electric buses, and city passenger buses, as well as aggregates and spare parts.

In 2024, the plant increased its net income by 87.7% compared to the previous year, to UAH 244 million, with a net profit of UAH 0.06 million, compared to UAH 0.9 million in 2023.

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