Co-owner of the shopping and leisure center Sky Mall, businessman Andriy Adamovsky has started gas production business in Mongolia and is considering opportunities for entering Ukraine’s hydrocarbons market.
In an interview with Ekonomichna Pravda (Economic Truth), Adamovsky said that he decided to start this business in Mongolia due to the availability of the large market in the country and a simpler than in Ukraine procedure of entering it.
He added that he was studying the Ukrainian hydrocarbons market with due diligence.
“We are considering prospects of participation. Not all deposits are good. There are way too many risks in the production sphere, especially if we take greenfield projects,” he said.
When speaking about activities of Trade Commodity LLC, in which he was an investor, Adamovsky refused to name the initiators of the business.
Trade Commodity LLC was registered in 1999. Its core business is petroleum production.
The company is involved in the case on embezzlement of public funds during procurement of fuel for the Defense Ministry of Ukraine.
DTEK Renewables, an operating company that manages DTEK assets in the field of renewable energy sources, has concluded a deal on foreign investment of EUR 90 million in the construction of the stage 2 of Prymorska wind farm (Zaporizhia region).
The press service said that the loan was issued by a consortium of German banks (Bayerische Landesbank, KfW IPEX-Bank, and Oddo BHF Aktiengesellschaft) with risk coverage provided by German export credit agency (ECA) Euler Hermes and Spanish CESCE. The loan term is 10 years after the technical commissioning of the plant.
This is the third renewable energy project of Euler Hermes and DTEK. Earlier the agency insured financial deals for the construction of the stage 1 of Prymorska wind far and Botiyevska wind farm, the first big wind energy project of DTEK. For CESCE this is the first agreement in Ukraine in recent years.
“DTEK has proven once again its status as a key investor in the renewable energy sector in Ukraine. Last year, the company’s investments accounted for about a half of the total investments in the renewable energy sector. The latest loan-based financing for the construction of the Prymorska wind farm strengthens the company’s role as a long-term partner for leading international financial institutions and industrial equipment supply companies,” CEO of DTEK Renewables Philipp Leckebusch said on the press release.
The construction of the 100 MW phase 2 of the Prymorska wind farm started in 2018. The wind park will consist of 26 wind turbines manufactured by GE, with a capacity of 3.8 MW each. Upon completion of all the works (phase 1 and 2), Prymorska wind farm will be equipped with 52 GE 3.8-130/137-110HH wind turbines, one of the most innovative GE onshore turbines. The total value of the investments will be more than EUR 150 million.
The active phase of construction is currently ongoing: all access roads, pile fields and wind turbine foundations have been already completed, installation of the first wind turbines has begun. Completion of commissioning of the whole facility is planned for September 2019, the company reported.
When both phases are commissioned, the 200 MW Prymorska wind farm will generate between 650-700 million kWh of green energy. The operation of the facility will reduce CO2 emissions by 700,000 tonnes per year, through the reduction of use of conventional generation facilities.
Agrosvit scientific and industrial company, distributor of seeds and crop protection agents, is buying Kharkiv dairy plant, belonged to PrJSC Wimm-Bill-Dann Ukraine (part of PepsiСo Ukraine).
According to the Antimonopoly Committee of Ukraine, the committee approved the deal to sell the property complex. The buyer is Kharkiv Dairy Plant LLC. The owner of the limited liability company is Oleh Zverev. His father, Viktor Zverev, is the founder of Agrosvit and President of the Kharkiv Chamber of Commerce and Industry.
The committee said that Wimm-Bill-Dann Ukraine produces dairy products under contract with Sandora LLC.
Kharkiv Dairy Plant LLC is not engaged in economic activities. It was registered in February 2019, plans to produce drinking milk, butter and dairy products.
The Kyivstar mobile communications operator plans in 2019 to expand the 4G (LTE) mobile communication network, covering the territory of Ukraine where 75% of Ukrainian population lives, President of Kyivstar Alexander Komarov told reporters in Lviv on Saturday. “We invest a lot in expanding coverage, but we invest even more in coverage capacity in order to support the growing consumption trend,” he said.
Komarov recalled that in 2018, Kyivstar invested UAH 8.3 billion in the purchase of new frequencies and the construction of a network. “We covered 68% of the population in a year with LTE services. Our goal is 75% of the LTE population this year,” he said. The president of Kyivstar also said that in Lviv, the operator had begun a program on placing micro-sites (base towers) on city lighting and electric transport pylons in order to improve network coverage and capacity. “It is very modern and incredibly efficient. We still have problems with radiophobia and access to infrastructure, and such a solution plan with the support of the city and region helps us to solve fundamental problems of infrastructure development. We can build better coverage. We more often do not face homeowner associations, permissions,” he said.
Komarov said that the situation when the operator actually deals with one or two counterparties allows it to develop the network quickly, without spending a lot of time on negotiating documents or disputes on the placement of towers.
“No 5G revolution is possible without such solutions, because the development of 5G communication is an explosive growth in the number of micro-sites, especially in the heavily built-up areas,” Komarov said.
According to him, Kyivstar plans to scale the experience of placing microsites in Lviv and other areas, thereby solving the problem of access to urban infrastructure.
“In some areas, we are confronted with opposing phenomena – when, despite the actual availability of the law on access to infrastructure, it is still not implemented, operators cannot obtain permission to locate base towers in urban infrastructure,” Komarov said.
According to him, such illegal actions on the part of a number of public utilities and state-owned enterprises significantly hamper the development of the operators’ networks.
The Antimonopoly Committee of Ukraine opened a case against Myronivsky Hliboproduct (MHP), Committee Head Yuriy Terentyev has written on his Facebook page.
“The Antimonopoly Committee of Ukraine launched an investigation into the actions of the MHP group (five poultry farms and Private Joint-Stock Company Myronivsky Hliboproduct belonging to Yuriy Kosyuk) in the chicken market on the grounds of abusing monopoly position. The committee established that MHP sets conditions for trade partners for certain areas of sales, obliges partners to adhere to the pricing policy of the MHP group and prohibits them from selling competitors’ products. That is, MHP practices a restrictive trade policy towards distributors, sub-distributors and partners,” Terentyev wrote.
According to him, the actions of MHP can lead to a violation of the chicken distribution market structure, a significant restriction of the rights of other market players to freely choose their partners, as well as imposing their own rules of conduct on the market players.
The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has set a feed-in tariff for private rooftop household solar power plants with a capacity of up to 50 kW and/or facades of buildings and other permanent facilities, as well as for private wind farms with a capacity up of 50 KW and combined wind and solar plants with a capacity of up to 50 kW.
The draft resolution was approved by the regulator on June 27.
In particular, the tariff for rooftop solar power plants with a capacity of 50 kW constructed on January 1, 2019 through December 31, 2019 is set at UAH 540.79 per kWh (without VAT), which is 18 eurocents per kWh. For the facilities constructed on January 1, 2020 through December 31, 2024 the tariff will be reduced by 10%, to UAH 486.07 per kWh (without VAT). The tariff will be cut by three times (66.7%), to UAH 157.26 per kWh (without VAT), which is 5 eurocents per kWh, for the solar power plants constructed on January 1, 2025 through December 31, 2029.
The regulator also set feed-in tariffs for wind power plants with a capacity of 50 kWh constructed during the three periods at UAH 347.65, UAH 312.24, and UAH 101.14 per kWh (without VAT) respectively, and for hybrid wind and solar power plants at UAH 489.29, UAH 366.96, and UAH 115.75 per kWh respectively.
