Business news from Ukraine

Business news from Ukraine

Ukrenergo annulling contract to join two wind power plants to power grid over standstill of projects

25 July , 2017  

National energy company Ukrenergo has decided to annul contracts with Tilihulska wind power plant LLC and Azovinvestprom LLC on connecting their wind power plants to the company’s power grid over the long-lasting standstill of the projects, the press service of Ukrenergo has reported.

“It was decided to annul contracts with Tilihulska wind power plant LLC and Azovinvestprom LLC and warn other contractors that the terms for submitting the required documents to review the terms and extend contracts are expiring,” the company said.

Ukrenergo said that the reservation of the capacity without real construction of power plants results in the fact that new investors cannot connect to power grids.

Tilihulska wind power plant LLC planned to build a wind power plant with a capacity of 500 MW in Mykolaiv region and Azovinvestprom – with a capacity of 42.5 MW in Zaporizhia region.

The company said that today there is a risk of failure to implement the contracts by EuroCape Ukraine I (the wind power plant with a capacity of 500 MW in Zaporizhia rergion) and Energopark Yavoriv LLC (the solar power plant with a capacity of 63 MW in Lviv region).