Ovostar Union agricultural group of companies, one of the leading producers of eggs in Ukraine, in January-September 2019 reduced egg sales by 15.9% compared to the same period in 2018, to 888 million pieces, due to a decrease in trading activity.
According to the group’s report on the Warsaw Stock Exchange, egg production during this period declined by 0.9%, to 1.191 billion pieces.
Egg exports for the nine months of this year were down by 0.7%, to 440 million eggs. The share of exports in the total volume of egg sales was 50% compared to 42% for the same period in 2018.
Coal reserves in the warehouses of thermal power plants (TPP) of energy generating companies in Ukraine increased by 8.2% (by 106,200 tonnes) from October 15 to October 21, to 1.391 million tonnes, which is 14% (228,100 tonnes) less than last year, according to the Ministry of Energy and Environment Protection.
According to the calculations of the Interfax-Ukraine agency, reserves of anthracite in the warehouses of thermal power plants amounted to 340,300 tonnes, which is 11.5% more than a week ago, and almost twice as much as a year earlier (173,400 tonnes). At the same time, gas coal reserves at thermal power plants’ warehouses amount to 1.051 million tonnes, which is 7.2% (71,000 tonnes) more than last week, and 27.3% (395,200 tonnes) less than last year.
Coal reserves (anthracite and gas) in the warehouses of combined heat and power plants for the week rose by 7.5% (by 12,400 tonnes), to 176,500 tonnes, which is 26.1% (62,500 tonnes) less than on October 22, 2018.
As reported, the consumption of energy grades of coal by TPPs and combined heat and power plants in the country in 2018 increased by 5.7% (by 1.409 million tonnes) compared to 2017, to 26.22 million tonnes.
COAL, STOCKS, TPP, WAREHOUSES
Simmons & Simmons has advised Oslo-based NBT, a Norwegian wind power developer and the largest foreign investor in Ukraine, by leading the negotiations on the Engineering, Procurement and Construction (“EPC”) contracts with China Electric Power Equipment and Technology Co, Ltd. (“CET”) for the 300 MW second stage and 450 MW third stage of the Zophia Wind Park in Ukraine (“Zophia II” and “Zophia III” respectively).
Once completed, together with the 42.5 MW first stage, the Zophia Wind Park will become the largest onshore wind farm in Europe, with a total capacity of 792.5 MW – and will generate enough electricity to power the needs of approximately 340,000 households.
Simmons also advised NBT on its Preliminary Financing Arrangement Agreement, under which NBT and CET set out their intentions for financing for Zophia II and Zophia III. NBT plans to tap Chinese banks including Industrial Commercial Bank of China (“ICBC”), the Export-Import Bank of China (“Exim Bank of China”) and China Construction Bank (“CCB”) for €500 million of senior debt and arrange an additional €250 million from international banks. This promises to be a landmark Belt and Road project in respect of its combined international and Chinese financing.
The Simmons team was led by projects partner Alex Blomfield and assisted by associates Louise Mackenzie and Elizabeth Ormesher.
Joar Viken, CEO of NBT, said “Alex has been instrumental in all of NBT’s EPC negotiations in Ukraine, both for the Syvash and the Zophia projects. His outstanding work ethic, combined with his commercial savviness and ability to provide creative solutions to complex problems, have been instrumental in closing these EPC contracts. His vast knowledge regarding international project financing has been advantageous in ensuring we negotiate a bankable product. In addition, we are deeply impressed by Simmons and the assistance the supporting staff has been providing throughout the process.”
Commenting on the transaction, Alex Blomfield said: “It is a privilege to advise NBT on such a complex and important deal. NBT is an excellent developer and one of only a handful of sponsors that successfully can combine trusted relationships in China with international financing. Having recently joined Simmons, it is great to be a part of a firm which is so well placed to support companies such as NBT but also other clients on major projects of similar scale and size.”
With a focus on emerging markets, NBT was the first company to close a limited-recourse financing in the fledgling wind power market in China in 2010 and earlier this year NBT, together with its equity partner Total Eren, closed the first limited-recourse financing of a wind farm in Ukraine with the 245.7 MW Syvash project. So far, NBT has commissioned three wind farms, totalling 150 MW of capacity in China. Leveraging the success in China and Ukraine, NBT is continuously assessing project opportunities in other emerging markets.
The Zophia deal is the latest in a line of award-winning wind project deals for the Energy, Natural Resources & Infrastructure Projects team at Simmons, demonstrating its market leading position in landmark transactions such as the Markbygden 650 MW wind farm in Sweden which won European Wind Deal of the Year at Thomson Reuters PFI Europe Awards 2018 and advising on the largest joint venture arrangement between a private equity fund and a developer in Africa (US$1.9bn ) and Chile (US$1.4bn).
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Carl Philip Brandgard, PR Manager: +44 20 7825 4217 CarlPhilip.Brandgard@simmons-simmons.com
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Passenger traffic in Boryspil International Airport as of October 21, 2019 exceeded the figure for the whole of 2018 (12.6 million people) and amounted to 12.633 million passengers, the airport reports on Facebook. “The beginning of the week and we have good news! Today Boryspil International Airport has served 12.633 million passengers. And this is more than for the whole of 2018,” the airport said.
As reported, in January-September 2019 the airport increased passenger traffic by 22.5% compared to the same period in 2018, to 11.623 million people. Passenger traffic on international flights for the indicated period amounted to 10.8 million people (an increase of 23.7%), on domestic flights some 831,200 people (an increase of 8.8%).
In 2018, Boryspil Airport increased passenger traffic by 19%, to 12.6 million people.
Boryspil International Airport is the largest one in Ukraine with a total area of about 1,000 hectares.
Ukraine, the European Commission and the Russian Federation held technical consultations in Brussels on Tuesday to prepare for the next round of trilateral talks on gas transit after January 1, 2020.
NJSC Naftogaz Ukrainy said in a press release that during the consultations the parties discussed Ukraine’s progress in the implementation of the norms of the European legislation and the creation of independent gas transmission system operator.
In addition, the signing of an interconnection agreement between the operators of the gas transmission systems of Ukraine and the Russian Federation on standard European conditions was discussed, as well as the methodology of tariff formation for gas transportation, and other issues.
The next round of trilateral gas transit negotiations is expected to take place on October 28.
UFuture and BookСhef launch a joint publishing project aimed at developing of entrepreneurship in Ukraine. The goal of the partnership is to consolidate entrepreneurial expertise and successful publishing experience. This will allow to select literature according to the needs of Ukrainian business, to optimize translation, publishing, and distribution.
Books on a wide range of topics that will contribute to the development of entrepreneurial competencies, in particular, leadership and management, will be published. These books will provide the latest knowledge on various aspects of entrepreneurship, reveal case studies, stories of companies and biographies of their founders, will encourage for entrepreneurship and enhance its prestige.
“To be successful and competitive in business, to receive investments, to find reliable partners, Ukrainian entrepreneurs need to constantly obtain new knowledge. This is why #bestread will continue the list of our impact investment projects supporting small and medium entrepreneurship in Ukraine,” Vasyl Khmelnytsky, Founder of UFuture, said.
“BookChef is actively developing the non-fiction direction. We implement a large joint project with the MIM Business School where we’ve published bestsellers by Ichak Adizes, Yuval Noah Harari, success stories of companies and products. In 2019, we published the super bestseller, “Big Money. The Principles of the First,” where famous Ukrainian businessmen shared their experience,” Olexander Kirpichov, CEO of BookChef, emphasized.
“#bestread is about the books that are worth the time of entrepreneurs, the most valuable resource of modern business. We are pleased to join the collaboration with UFuture and synchronize with other business initiatives of the company,” Vadym Saveliev, Project Manager of #bestread, said.
Soon, the partners will announce the publishing plans and start working on the first books. During 2015-2019 years, Vasyl Khmelnytsky’s K.Fund has released non-fiction books as part of K.Fund Books project.
ADDITIONAL INFORMATION
UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky that integrates his business and impact-investment projects. The company has a diversified portfolio of assets in the fields of real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT. Currently, UFuture’s assets are estimated at $550 million, and the total capitalization of the businesses it invested in is more than $1 billion. UFuture is a majority shareholder in UDP development company (specializing in large infrastructure projects), Kyiv Sikorsky International Airport (the second international airport in Ukraine by passenger traffic), national operator of outdoor advertising RTM-Ukraine, and a group of IT companies and an ecosystem of tech solutions ITernal. UFuture is a strategic investor in the pharmaceutical company Biopharma and UDP Renewables, renewable energy investment and development company. UFuture is also developing new business projects including UNIT.City innovation parks in Kyiv and Kharkiv, LvivTech.City in Lviv; Bila Tserkva industrial park and a manufacturer of modern electrotechnical systems, Plank Electrotechnic. UFuture supports social projects in the fields of education and economics, including the Kyiv International Economic Forum (KIEF), Lean Institute Ukraine, UNIT School of Business, UNIT Factory innovative IT-schools in Kyiv and Kharkiv, Secondary education institution Novopecherska School, the all-Ukrainian online platform iLearn and others.
BookChef is a publisher of bestsellers by Yuval Noah Harari, Michelle Obama, Cameron Diaz, Bill Clinton, Ichak Adizes, Liu Cixin, and other world-renowned authors. In 3 years, an ambitious startup has grown into a publishing house with a portfolio of 200+ books and a turnover of tens of millions of hryvnias. The publisher develops joint projects with UFuture, the MIM Business School, Oschadbank, Synevo international network of laboratories, and more. It selects books from world charts, recognized bestsellers, and popular novelties by promising authors. We find texts that will be useful for readers, that can be read and re-read many times, thought-provoking and helping to see things at an unusual angle. BookChef — books that shape a personality.
