NPC Ukrenergo and Polish system operator PSE are considering increasing electricity imports to Ukraine by an additional 150 MW, which could bring the total to 2.5 GW of electricity imports from Europe, acting CEO of Ukrenergo Oleksiy Brekht said at the 10th Kyiv International Economic Forum (KIEF) on Thursday.
”2,100 MW is the basic value that we have and can maintain. Further, we have the so-called guaranteed emergency assistance, which is another 250 MW. And today we are working with the Polish system operator on another initiative that could provide an additional 150 MW of imports,” he said.
According to Brecht, the total capacity of European imports will thus reach 2.5 GW. “In total, this is 2500 MW, almost 2.5 nuclear power units, which will help us significantly this winter,” the head of the company emphasized.
As he informed, Ukraine, together with its European partners, expects to achieve stable supply of the achieved import volumes also after the autumn-winter period of 2024-25.
“We expect that in the spring we will have a dynamic opportunity to revise the establishment of certain throughput capacities (interstate crossings of power lines) and expect that it will not be lower than the existing value,” Brecht said.
As reported, Ukraine and the EU have agreed to increase the maximum capacity of electricity imports from the EU countries from December 1, 2024, from the current 1.7 to 2.1 GW.
Ukraine will also have an additional 250 MW of guaranteed capacity for emergency flows from the EU.
In turn, starting from March 2025, European transmission system operators will be able to review the capacity limit for commercial electricity exchange between the EU, Ukraine and Moldova on a monthly basis.
Construction of a glass plant in Kyiv region is scheduled to begin in spring 2025, said Igor Liski, owner of the EFI Group investment holding.
“This is a very complex project, we have been working on it for two years. I really hope that by the end of the year we will be able to announce the start of construction. We have already completed the entire production line. I hope that we will break ground in the spring,” Liski said at the 10th Kyiv International Economic Forum in Kyiv on Thursday.
According to him, the total investment in one production line is about EUR230 million, while about EUR100 million is export credit financing from European partners who finance their equipment.
Liski emphasized that this glass plant is a symbol of Ukraine’s recovery, so there are no plans to export it. The businessman predicts that the production of its own glass will help save the state up to EUR200 million in foreign currency earnings per year.
“We should first cover our own (needs – IF-U). Now we import on one line, after the war is over, we will need at least two lines, so we are designing a plant for two lines at once, which is another EUR200 million. Glass is a very promising product: not only technological, energy-efficient windows, but also solar panels, the automotive industry, and armored glass. Let’s eat this elephant in parts. In total, the project will cost more than a billion in 10 years, and this is only for Ukraine,” he said.
As reported, Liski plans to invest $80 million in the glass plant project.
Liski is the owner of the EFI Group investment holding (“Effective Investments”). The company’s areas of investment include healthcare and medtech, paper, food and woodworking industries, and agricultural supplies.
The company’s businesses include Feednova, an animal fats and feed additives producer, Medical Star healthcare network, Zhytomyr Cardboard Mill, Sam Ecopack, a cardboard packaging manufacturer, Forest Technology, an agricultural products supplier, Efi Agro, and Doc.ua, an online medical hub.
Metinvest Mining and Metallurgical Group has built about 600 steel bunkers and command posts for the Armed Forces of Ukraine (AFU) and other units as part of Rinat Akhmetov’s Steel Front initiative.
Metinvest’s Chief Operating Officer Oleksandr Myronenko told the American magazine Newsweek that out of the 600 bunkers, about 480 were used to create “hideouts.” Another 120 bunkers were used to make 20 steel command posts, of which about 14 are already in operation and the rest have been delivered to the teams preparing to use them.
The remaining four command posts will be handed over to the National Guard after production is completed. One more will go to the Kraken unit, which is part of the Main Intelligence Directorate.
It takes about a week to build a “hideout”. The six bunkers can be connected into a more complex structure to form a steel command post.
According to Myronenko, the bunkers are designed to provide minimal comfort to the military near the front line. The 20 command posts can accommodate unit commanders, store weapons or provide sleeping quarters for the military.
The bunkers were used to build fortifications along Ukraine’s defense lines near the city of Pokrovsk, Donetsk Oblast.
“Metinvest is a vertically integrated group of steel and mining companies. The Group’s enterprises are located primarily in Donetsk, Luhansk, Zaporizhzhia and Dnipropetrovs’k regions. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it. Metinvest Holding LLC is the management company of Metinvest Group.
Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, reduced rolled steel production by 61.2% year-on-year to 35.8 thousand tons in January-October this year.
According to a report in DCH Steel’s corporate newspaper on Thursday, the company did not produce rolled steel in October, selling products made in previous periods. At the same time, the company shipped 2.1 thousand tons of rolled steel last month, while in October 2023 it produced 9.2 thousand tons.
“In October, rolling shop No. 1 drilled holes in rails before shipping them to customers. Rolling Shop No. 2 was preparing for a new rolling campaign, which is scheduled to start on November 11,” the company said in a statement.
Coke production for 10 months of 2024 decreased by 1.2% to 242.6 thousand tons. In October, coke production increased by 1.9% month-on-month to 24.5 thousand tons. In October 2023, 26.5 thousand tons of metallurgical coke were produced.
As reported, in 2023, DMZ increased its rolled metal output by 86.2% compared to 2022, up to 105.6 thousand tons, and coke output by 38.5%, up to 292.7 thousand tons.
In 2022, the plant reduced rolled steel production by 74.2% compared to 2021, to 58.4 thousand tons, and coke production by 56.3%, to 211.3 thousand tons.
DMZ specializes in the production of steel, pig iron, rolled products and products made from them.
On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant from Evraz.
As part of a partnership project with OKKO Group, Agrotrade Agricultural Holding shipped 24.4 thousand tons of rapeseed by sea from Odesa to Ghent (Belgium), the press service of the agricultural holding reported on Facebook.
According to the report, half of this cargo – about 12 thousand tons – is grain grown on the fields of the agricultural holding in 2024. The rest of the cargo belongs to OKKO Group.
“This shipment is a big step forward for us, as we used to export small batches of rapeseed by sea – 3-5 thousand tons each. This year, we agreed with OKKO that we would make a partnership project, share the risks and ship the vessel together. This has many advantages, in particular, in terms of saving on ship freight. There were many difficult moments during the shipment, but we successfully dealt with them. In addition, the economy was one of the best this year compared to other sales,” said Andrii But, Director of the Foreign Trade Department of Agrotrade.
At the same time, he noted the high quality of rapeseed grown and sold by the agricultural holding. In particular, the oil content in the grain is 45%, while the basic indicators are usually 40-42%.
Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). It cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. Its main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a simultaneous storage capacity of 570 thousand tons.
The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.
Vsevolod Kozhemiako is the founder and CEO of Agrotrade.
OKKO Group unites more than 10 diversified businesses in production, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
The leader of the Ukrainian road construction market, Avtomagistral-Pivden LLC, has invested about $15 million in re-equipment during the war, said Mykola Tymofeev, CEO of Avtomagistral-Pivden LLC, in an exclusive interview with Interfax-Ukraine.
“During the war, we invested approximately $15 million in re-equipment, primarily in equipment for third-level industrial construction: cranes, drilling rigs, concrete plants. We have brought to Ukraine the most powerful drilling rig in the country with a drilling depth of up to 120 meters. We have recently purchased up to 50 combined machines for winter operation,” said Timofeev.
He also added that the number of employees is much lower than before the war.
“At the beginning of the war, we employed 7.5 thousand people. In 2022, we dropped to 2,000. Today, taking into account all the facilities, we have 3,800 employees. Many of the administrative staff have been laid off, and more than 500 employees have been mobilized,” he said.
Avtomagistral-Pivden LLC has been on the market since 2004. It designs and builds highways, bridges, interchanges, airfield complexes, and hydraulic structures. The company’s owner is listed in Opendatabot as Oleksandr Boyko. According to the financial results for 2023, the company’s net profit amounted to UAH 624.9 million, and revenue was UAH 8.215 billion.
Source: https://interfax.com.ua/
