The issue with the disconnection of the solar power plant (SPP) of the Canadian investor TIU Canada in Nikopol located on the territory of the Nikopol Ferroalloy Plant (NFP) from the power grid lies in the plane of a business dispute, Executive Director of the Solar Energy Association of Ukraine Artem Semenyshyn has said.
“This issue lies on the plane of a business dispute. The two companies have agreed on the joint use of the substation. One is as a producer of electricity, the other is as a consumer,” he said at a press conference at Interfax-Ukraine on Friday.
At the same time, Semenyshyn said: “Indeed, it is very bad when we lose the already built “green” generation facilities, which are now idle and do not increase the share of clean electricity.”
In addition, he drew attention to the presence of several examples of how already built stations in Ukraine, due to problems with connecting to the power grids, cannot start work for a long time. “We urge the government to create a commission that would consider each case separately and contribute to the solution of the issue,” the director of the association said, stressing that this is a matter of the state’s image before both foreign and domestic investors.
“It will be very “interesting” if Ukraine starts reporting that it is reducing the share of “green” generation due to disconnections,” the head of the association said, expressing his concern.
As reported, TIU Canada, an investor in the field of solar energy, owned by Refraction Asset Management (Calgary, Canada), filed a lawsuit against the NFP due to the disconnection of its 10.5 MW SPP from the power grid in March 2020.
PrJSC United Mining and Chemical Company, which manages Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr region), in January-September this year increased its net profit by 4.2 times compared to the same period last year, to UAH 424.494 million (against UAH 100.736 million, respectively).
“The company’s net profit, actually received in the first nine months of this year, amounted to UAH 424.494 million, which is more than four times higher than the financial result of last year, which amounted to UAH 100.736 million,” the State Property Fund of Ukraine said in a press release.
At the same time, earlier, with reference to data of the portal of state enterprises, it was reported that UMCC for the nine months of 2019 reduced its net profit by 47.8% compared to the same period in 2018, to UAH 221.040 million from UAH 423.079 million. At the same time, net income for the indicated reporting period increased by 5.8%, to UAH 2.698 billion, and EBITDA amounted to UAH 488.895 million.
As reported, the Cabinet of Ministers of Ukraine on November 18 of this year approved the financial plan of the UMCC for 2020 with a net profit of UAH 575.670 million. At the same time, payments to the state this year from the company should amount to UAH 344.672 million, including income tax some UAH 104.203 million.
UMCC sells its products to more than 30 countries of the world. The main sales markets are the EU, China, Turkey, as well as the United States and African countries.
National bank of Ukraine’s official rates as of 20/11/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of November 20
One troy ounce=31.10 grams
Financing of the cultural sphere of Ukraine will grow by UAH 7 billion in 2021 and amount to UAH 27 billion, said Minister of Finance Serhiy Marchenko.
“If we compare this year with 2016, then in 2016 only UAH 10 billion was allocated to the cultural sector, this year it is UAH 20 billion, and next year, due to the active role of the Culture Minister and the support of the President and Prime Minister of Ukraine, the cultural sector will receive funds in the amount of more than UAH 27 billion,” Marchenko said at the forum “Creative Ukraine” in Kyiv on Thursday.
According to the minister, this indicates that the sphere of cultural development is a priority of the state and now, more than ever, it has found strong lawyers. Marchenko also said that significant programs for the development of the cultural infrastructure of Ukraine are planned next year.
“We are talking about financing repairs of museums, libraries, and castles. This program is foreseen for the first time. This will not only increase the tourist potential of Ukraine, it will allow to preserve the existing heritage, expand it, attract investments, fill our cultural objects and business component with content, that will allow in the future, get a synergistic effect in the form of taxes that will be paid,” the minister said.
In his opinion, if the state now invests the required amount of money in cultural infrastructure facilities, in five-seven years these cultural facilities will bring additional taxes and additional jobs.
The volume of marketable output of Kyivsky cardboard paper mill (Obukhiv, Kyiv region), a leader in Ukraine’s pulp and paper industry in terms of production and sales, totaled UAH 4.672 billion in January-October 2020, which is 0.7% more than the same figure in January-October 2019.
According to the statistics of the Ukrpapir association, in kind in January-October the plant slightly (by 0.9%) increased production of corrugated packaging, to 196.36 million square meters, being still second in terms of its production in the country after Rubizhne plant (together with Trypilsky packaging plant).
The rate of growth in the production of base paper for sanitary and hygienic products grew by almost 4.5%, to 71,600 tonnes, and production of toilet paper in rolls slowed down by 0.3%, to 370.75 million units.
Output of cardboard increased 3.5%, to 172,840 tonnes, in particular production of boxboard increased by 26.3%, to 57,230 tonnes, while package cardboard (including paper for corrugation) decreased 5%, to 115,630 tonnes.
Kyivsky cardboard paper mill is one of the largest cardboard and paper producers in Europe. It employs almost 2,200 people. It sells produce to almost 700 companies in Ukraine, some CIS member states and the rest of the world.
