Business news from Ukraine

Business news from Ukraine

CHORNOBYL ZONE AGENCY EXTENDS DEADLINE FOR SUBMISSION OF BIDS TO BUILD SOLAR POWER PLANTS UNTIL MARCH

KYIV. Jan 16 (Interfax-Ukraine) – Ukraine’s State Agency for Managing Chornobyl Exclusion Zone has extended a deadline of submitting bids for the allocation of land parcels to build solar power plants in the Chornobyl zone until March 1, 2017.

“Taking into account many requests from foreign investors to increase the terms for submitting bids to implement the solar power plant projects in the exclusion zone… it was decided to postpone the deadline for submitting the bids until March 1 [initially it was planned to finish it on January 1],” the press service of the agency reported.

As reported, the total area earmarked for construction of solar power plants is 1,172 ha.

There is an opportunity of introducing a pilot project: to select one of the preliminary determined parcels where it is possible to place solar power plants with the installed capacity of up to 20 MW.

Around 2 ha are required to build a solar power plant with the projected capacity of 1 MW.

LOZOVA MACHINERY POSTS 80% RISE IN SALES IN 2016

KYIV. Jan 16 (Interfax-Ukraine) – Lozova Machinery (the brand of tillage machines made by UPEC Group’s enterprises, Kharkiv region) posted an 80% rise in sales in 2016, to over UAH 250 million, the press conference of UPEC has reported.

“Sales grew thanks to expansion of the range of products, active participation in exhibitions and events and improvement of warranty servicing. The number of servicing employees, the number of teams and servicing vehicles was increased,” the press service said, citing Sales Director of UPEC’s agricultural division Oleksandr Tytov.

Marketing Director of the agricultural division Olha Babkova said that products of Lozova Machinery were actively promoted outside Ukraine.

“The brand is being sold in two strategic directions: CIS and Eastern Europe markets. Thanks to participation in exhibitions and holding demonstration tours we have managed to boost sales and expand the dealer chain in these regions,” Babkova said.

UKRAINE SEES 40.5% RISE IN SUGAR PRODUCTION IN 2016/17 AGRI-YEAR – UKRTSUKOR

KYIV. Jan 13 (Interfax-Ukraine) – Sugar production in Ukraine in 2016/17 agricultural year (September-August) increased by 40.5%, to 2.008 million tonnes compared to the previous season, the national sugar producers association Ukrtsukor has said.

According to the report, 42 sugar refineries refined 13.66 million tonnes of sugar beets.

The association said that this year was favorable for Ukrainian sugar producers. Due to bad harvest in Brazil and India and the favorable situation on the global market, Ukrainian producers managed to supply almost 470,000 tonnes of sugar to foreign markets, mainly to Sri Lanka, Georgia and Tunisia.

“Taking this into consideration, according to our projections areas planted with beets would expand in 2017 and the share of sugar beets of total planted areas would return to the previous indicators. There is confirmed information from large producers that areas planted with sugar beets are expanded,” the association said.

As reported, referring to Ukrtsukor, Ukraine in 2015/16 agri-year exported 113,000 tonnes of sugar and this was 3% more than a year ago.

GERMANY’S ANDRITZ HYDRO TO RECONSTRUCT THREE UNITS AT DNIPROVSKA HPP, TURBOATOM THREE UNITS AT KYIVSKA HPP

KYIV. Jan 13 (Interfax-Ukraine) – PJSC Ukrhydroenergo on December 23 signed an agreement with Germany’s Andritz Hydro for the reconstruction of three units at Dniprovska hydropower plant for EUR53.59 million and UAH 151.451 million (including VAT), the press service of the Ukrainian company has said.

In addition, on December 30 Ukrhydroenergo signed a contract with PJSC Turboatom for the reconstruction of three units at Kyivska hydroelectric power plant (HPP) for UAH 562.431 million (including VAT).

The work under both contracts is to be completed in 2021.

The reconstruction is carried out in the framework of the third phase of the Rehabilitation of HPP joint project with the EBRD and the EIB. Contractors were selected during two-stage international competitive bidding.

The EBRD and the EIB plan to issue EUR 200 million each for the project.