Business news from Ukraine

Business news from Ukraine

DTEK RAISES EUR 90 MLN FROM GERMAN BANKS TO BUILD 100 MW WIND FARM

DTEK Renewables has raised EUR 90 million for construction of the first phase of Prymorska wind farm with a capacity of 100 MW in Zaporizhia region, the press service of DTEK Energy Holding reported. The press service said that the loan for the construction of the first stage of the wind farm was issued by a consortium of German banks (Bayerische Landesbank, KfW IPEX-Bank, Bremer Kreditbank and others) with risk coverage provided by German export credit agency (ECA) Euler Hermes. The loan term is 10 years after the technical commissioning of the plant.
DTEK reminded that this is the third financing agreement signed with European financial institutions for the construction of the company’s wind energy projects. For the implementation of the first wind farm project in the company’s portfolio, the Botiyevska Wind Farm, DTEK raised loans in the total amount of EUR 235 million from Germany’s LandesBank Berlin (Berliner Sparkasse) in 2012-2014.
DTEK CEO Maksym Tymchenko said that in recent years, the company raised EUR 335 million from German banks for the construction of new wind farms. This April, DTEK and Chinese company CMEC signed an agreement valued at EUR 134 million to build Nikopol solar power plant (200 MW) with the total cost of the project of EUR 235 million.
“Such sustainable interest from international investors in renewable generation in Ukraine gives us confidence in the implementation of our strategic plans – to have 1,000 MW of ‘green’ facilities in the portfolio by 2020,” he said.

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UKRGAZVYDOBUVANNIA SIGNS UAH 4 BLN DRILLING CONTRACTS WITH CHINESE COMPANIES

PJSC Ukrgazvydobuvannia has signed contracts with Xinjiang Beiken Energy Engineering (XBEE) and Zhongman Petroleum and Natural Gas Group (ZPNGG) to drill 36 wells for UAH 4.032 billion. According to a report in the ProZorro e-procurement system, at the end of July the contract with ZPNGG for UAH 723.52 million was signed (lot 7), and the contract with XBEE for UAH 3.308 billion (lots 1-5) was signed at the end of August.
The company rejected the proposal of Energofinance LLC for lot 6 and plans to sign a contract with XBEE for UAH 776.991 million.
As reported, Ukrgazvydobuvannia announced a tender for drilling 42 more wells at the end of December 2017. The tender was held early February.
The strategy of the company until 2020 envisaged the increase in gas production from 14.5 billion cubic meters in 2015 and 2016 to 15.2 billion cubic meters in 2017, 16.5 billion cubic meters in 2018, 18.3 billion cubic meters in 2019, and 20.1 billion cubic meters in 2020.

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ALLSEEDS GROUP PLANS TO INCREASE CAPACITY OF VEGETABLE OIL STORAGE FACILITIES

Allseeds group of companies is finalizing the construction of vegetable oil tanks at its terminal in Yuzhny seaport (Odesa region) in order to increase their storage capacity to 132,000 tonnes. At the loading rate of 1,300 tonnes of oil per hour, a 50,000 tonnes tanker will be full in just 40 hours, according to the group’s press release.
Allseeds in the nearest future is also planning to increase the total storage capacity of its vegetable oil terminal up to 200,000 tonnes.
According to the information on the group’s website, the storage capacity of its vegetable oil terminal is 42,000 tonnes.
Allseeds Group was founded in 2010.

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SALES OF TELECOM SERVICES IN UKRAINE 11% UP

The volume of sales of services by telecommunications and postal communications enterprises in Ukraine in January-June 2018 amounted to UAH 34.82 billion, which in absolute prices is higher than the level of H1 2017 by 11%, according to the State Statistics Service of Ukraine.
According to its data, the volume of services provided to the population amounted to UAH 20.6 billion, or 59.15% of the total volume of services sold, which is 13.4% up from the same period last year.
At the same time, in comparable prices compared to H1 2017 the volume of services sold as a whole increased by 2% and in terms of providing services to the population grew by 2.9%.
In particular, in absolute prices in H1 2018 the volume of sales of postal and courier services grew by 31%, to UAH 2.75 billion, of which services rendered to the population amounted to UAH 785 million, which is 27.2% up from the same period last year.
The volume of sales of mobile communications services in January-June 2018 grew by 7.4%, to UAH 18.25 billion, of which services provided to the public amounted to UAH 12.71 billion (14.56% up from the same period in 2016).
The volume of sales of Internet services in H1 2018 also rose by 17% and amounted to UAH 6.2 billion, of which the population was provided with services worth UAH 4.22 billion (19.8% up from H1 2017).

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