Ukrhydroenergo PJSC has already restored 500 MW and is set to resume another 1,500 MW of capacity lost due to Russian attacks in the second phase, the company said in its Telegram channel, citing Natalia Nikolska, a member of the company’s supervisory board (SB), on Friday evening.
“We are now looking for new partners for out-of-the-box solutions for restored critical infrastructure with additional security,” Nikolskaya said during the Ukrainian Energy Transition Forum, according to the report.
According to her, the restoration of capacities will be carried out with maximum protection of equipment, and for further development of hydropower, new solutions will be introduced to restore lost capacity and increase the company’s share in the United Energy System (UES) of Ukraine.
“It should be emphasized that despite the war, Ukrhydroenergo has remained profitable and intends to continue development and rehabilitation projects,” stressed the NA member.
“Ukrhydroenergo estimates its direct losses from the beginning of the war, including the occupation of Kakhovska HPP, at $1 billion.
The company’s hydro and hydroelectric plants are actively involved in the balancing market, namely in adjusting the daily schedule of loads to cover peaks and troughs and in frequency/capacity regulation. In addition, hydropower plants compensated for the lack of generating capacity in the Ukrainian energy system when nuclear and thermal power units were unloaded as a result of Russian missile strikes.
“Ukrhydroenergo operates all major hydroelectric power plants located on the Ukrainian sections of the Dnieper and Dniester rivers. The total installed electric capacity of the general company’s hydroelectric power plants is 6,208.3 MW.
State Enterprise Medical Procurement of Ukraine (MZU) has delivered the first of four mobile CT scanners to a Ukrainian hospital.
According to the MZU press release, the first mobile CT scanner has been delivered to the specialized multidisciplinary hospital №1 of Ministry of Health of Ukraine in Dnepr.
The cost of Revolution Maxima CT scanner makes up UAH 28 mln. It has the capability to scan the entire human body.
The CT scanner is mounted in a container, which, in addition to the diagnostic unit itself, has a workstation for medical staff and additional equipment that ensures the autonomous functioning of the tomograph.
“The CT does not need an additional room in the hospital and can be put into operation as quickly as possible. It can be used both stationary and mobile, without losing its performance,” specifies MZU.
Three more mobile CTs will be delivered to Mykolaiv, Izyum and Dobropillya in the near future.
TAS Agro agrarian group will reduce sowing areas of oilseeds, expand the grain group and start growing sugar beet in season 2023, the company’s press service said.
“Despite the late start of the sowing season caused by weather conditions, all works will be performed in optimal agronomic terms. Modern technological complexes, which increase the accuracy of seeding and increase the productivity of works, are involved in the sowing campaign”, – stated in the press release.
It is specified that the spring sowing campaign in Kirovograd region started with sunflower sowing.
“TAS Agro” is planning to sow 23.3 thousand hectares of corn, 16.1 thousand hectares of sunflower and 11.5 thousand hectares of soybeans in 2023. “Compared to the last year we are going to reduce the area of oil crops and increase the area of grain group. Sowing area in the company as a whole has not changed, but because of food security and market situation this season sugar beet was added to the structure of crops”, – stressed the press service.
After the end of the sowing season the holding will make additional application of nitrogen fertilizers. The company intends to change the technology of plant nutrition, for which the yield of crops in each field over the past five years has been analyzed. According to the data received, the fields were divided into categories, according to which the yield and nutrition system will be planned. “We will be able to not just save money, but increase the efficiency of the money invested in fertilizers,” the company notes.
Before the war TAS Agro worked 83 thousand hectares in Vinnitsa, Kiev, Kirovograd, Chernigov, Nikolaev, Sumy, Kherson and Dnipropetrovsk regions, was engaged in dairy farming (up to 5.5 thousand cattle), owned six elevators with simultaneous storage capacity of 250 tons.
TAS Group was founded in 1998. The sphere of its business interests covers the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, venture projects.
The founder of TAS is Sergiy Tigipko.
Net sales of dollars by the National Bank of Ukraine (NBU) jumped to $560.1m this week from $242.9m a week earlier, the highest in eight weeks.
According to the NBU website, from April 17 to April 21, 2023, the purchase of foreign currency was again absent.
On the cash market the dollar went up during the week by 0.35 UAH – to about 38.15 UAH/$1.
Market participants connect the change of tendency to the concerns, caused by temporary ban on import of Ukrainian agro-products to Poland, Hungary and Slovakia, and also unstable operation of grain corridor, which questions its prolongation after May 18.
Since the beginning of the year, the NBU bought $62.3 million at the market, while it sold $8 billion 172.7 million.
As reported, the volume of interventions of the National Bank in March decreased to $1.67 billion from $2.43 billion in February and $3.08 billion and $3.16 billion in January and December.
Due to significant inflows of external financing, international reserves of Ukraine in March increased by 10%, or $3 billion – to $31.88 billion.
The Japanese government has announced a $471 million contribution to the World Bank’s Ukraine Recovery, Rehabilitation and Reform Trust Fund (URTF).
“This contribution is part of a $5.5 billion pledge Japan made in February to help rebuild destroyed infrastructure and support the people of Ukraine in rebuilding. Of the pledged amount, $5 billion is loan coverage that will support World Bank loans to Ukraine next year,” the WB said in a release Saturday.
According to Japanese Deputy Finance Minister Kentaro Ogata, Japan expects its contributions to be used effectively to meet Ukraine’s urgent critical infrastructure repair needs.
The URTF is a multi-donor fund that supports World Bank emergency operations in Ukraine in key sectors including transportation, health and energy. These projects reflect the country’s emergency assistance needs outlined in an updated Rapid Damage and Recovery Needs Assessment (RDNA) published last month. The projects are designed to be adaptable to what’s happening on the ground, while making a quick impact.
This grant contribution more than doubles URTF funds, WB points out. Total grant resources for urgent repairs to energy infrastructure, roads, bridges, housing, schools, and hospitals now total more than $850 million. URTF now supports the Energy Recovery and Winterization Preparation Project, the Rehabilitation of Essential Logistics Infrastructure and Networking (RELINC) and the Health System Strengthening and Life Preservation (HEAL) Project.
In the new RDNA, the World Bank estimated that Ukraine will face an $11 billion funding gap in 2023 to cover critical economic and capital spending.
The URTF was established in December 2022. The fund helps Ukraine plan and implement a recovery, sustainable recovery and reform program. Using a framework approach, URTF ensures that the Ukrainian authorities can effectively and extensively leverage multiple sources of funding.
URTF is strategically guided by a Partnership Council. It is co-chaired by the World Bank Group and the Government of Ukraine and includes development partners. URTF participants include Austria, Canada, Iceland, Japan, Lithuania, the Netherlands, Norway, Sweden, and Switzerland. The Program Management Team is responsible for the day-to-day management of URTF participants’ funds.
Investment group Dragon Capital intends to buy Parfums LLC (Kiev), an online perfume store Parfums (parfums.ua), whose revenue in 2022, according to the resource opendatabot, fell to 2.4 million UAH from 206.8 million UAH a year earlier.
According to information from the Antimonopoly Committee of Ukraine (AMCU) on Friday, it gave the Cypriot Dragon Capital Investments Limited permission to buy more than 50% in the Cypriot PFG Corporation Limited, which owns 100% in Parfums LLC and the beneficiary of which is related to Dragon Capital.
At the same time, the AMCU notified that it had granted the same permission to Cyprus-based Redinfine Consultants Limited.
Dragon Capital investment company has not yet commented on this information to Interfax-Ukraine news agency.
According to opendatabot, the beneficiary of PFG Corporation Limited is a Czech citizen Suchy Ivo, a member of the supervisory board of Dragon Capital-owned Unex Bank, representing the shareholder. It is also indicated that for the past five years he was executive director of Dragon Capital (Cyprus) Limited and Dragon Capital s.r.o.
According to opendatabot, previously among the beneficiaries of PFG Corruption Limited was Andrey Logvin – the beneficiary of a major player in Ukrainian Internet retail Kasta Group.
At the beginning of 2022, the share capital of Parfums LLC was increased from 133.72 million UAH to 177.80 million UAH. Assets of the company in the past year decreased from 106.4 million UAH to 81.5 million UAH, liabilities – from 167.8 million UAH to 98.5 million UAH.
The site of the online store indicates that the project has been operating since 2008.
Dragon Capital – one of the largest investment groups in Ukraine in the field of investment and financial services. It provides a full range of investment banking and brokerage services, private equity and asset management for institutional, corporate and private clients.
The company was founded in 2000 in Kiev, the beneficiary is the founder and head Czech citizen Tomas Fiala.
In June 2022, specialized resource RAU reported that as a result of an asset swap the largest player in the market of perfumes and cosmetics in Ukraine MakeUp will receive from Dragon Capital management of online store parfums.ua, but will give it an online store with children’s products panama.ua to the already existing Dragon Capital pampik.com.
