Atlas Global Energy, a company with Turkish investments, plans to build new wind energy facilities in Zhytomyr region, Vitaliy Bunechko, head of the Zhytomyr Regional Military Administration, said following a meeting on Monday with Onur Kopcuoglu, the company’s technical director in Ukraine.
“We discussed the prospects for cooperation and project implementation in the region. We are confident that the new wind farm project will be another example of our fruitful cooperation and will open up new prospects for Ukraine’s energy independence,” he wrote on Facebook.
Bunechko noted that Zhytomyr region already has alternative energy projects (SPPs, hydroelectric power plants, and biogas plants) with a total installed capacity of more than 240 MW, and about 60% of boiler houses in the region run on alternative fuels.
He called the construction of wind power plants “a logical development of this track.”
Bunechko also noted that even before the full-scale invasion, the region was recognized by the international Doing Business rating as the best region in Ukraine for doing business, and none of the major investors left during the war.
“On the contrary, international companies are investing additional funds in the development of their own production in our region. We are now paying special attention to the development of alternative and distributed energy. For us, this is not only an environmental agenda, but also a wartime challenge. After all, this configuration of the power system is more resistant to enemy attacks,” explained the head of the UGA.
Atlas Global Energy’s website states that it is a renewable energy development company that has been operating in Ukraine since 2016 with a portfolio of more than 300 MW of wind and photovoltaic projects. In particular, it is reported about a 60 MW wind farm in Lviv region and a 50 MW solar power plant in Kherson region.
INGO Insurance Company (Kyiv), based on the results of the Meteorological Protection index insurance program from Syngenta, paid compensation to farmers in the season of 2024 for a total amount of UAH 231 million, which is ten times more than a year earlier.
This is the highest compensation rate since the program was launched in 2016. 97% of the farmers who joined the program in the 2024 season received record insurance indemnities due to the extremely dry and hot season during the flowering and grain filling periods. The program allowed 349 farms to partially reduce losses from adverse weather conditions, the company said in a statement.
“This season, Meteorological Protection coverage has expanded by 88% to 502 thousand hectares. Due to unfavorable weather conditions, the amount of compensation increased tenfold, and the average compensation rate was 52%. We support Ukrainian farmers with agro-technological innovations, services and unique financial products even in the frontline areas,” says Roman Khrypko, Head of Financial Programs and Insurance Solutions at Syngenta.
It is emphasized that almost 50% of the total compensation amount was paid to farms in Kharkiv, Luhansk, Zaporizhzhia, Dnipro, Kherson and Mykolaiv regions.
The main crops covered by insurance payments in the 2024 season are corn and sunflower with a total area of 335 thousand hectares and a compensation amount of UAH 225 million. Agricultural producers have insured sunflower and corn crops in 1039 applications, including 1033 applications with 99% indemnity and 386 with 100% indemnity.
The Meteorological Protection program covers the entire territory of Ukraine. In the 2024 season, Meteorological Protection offered insurance for sunflower, grain, corn and rapeseed crops against three weather risks: drought, heat and rain. The key period of the program is the flowering and grain filling phases. The terms of the program for 2025 are currently being agreed upon to further support agricultural producers.
At the center of the Meteorological Protection mechanism is an index, a special indicator that characterizes the impact of the intensity of a particular risk on crop yields. The threshold value of this index characterizes the occurrence of an insured event and corresponds to a critical yield loss for an agricultural producer, which is determined during the development of the insurance product. The index should show very accurately how a certain risk affects crop yields, and this mainly depends on the quality of the insurance product development, namely the data, mathematical model, etc. Within the program, the meteorological data point for fixing the index is a 6×8 km area, which is considered to be a perfectly acceptable area for heat or drought insurance, as these weather events cover a relatively large area.
Syngenta is a part of the Syngenta Group, one of the world’s largest agricultural technology developers with about 60 thousand employees. The company operates in more than 100 countries and works closely with producers and partners to achieve its four sustainable development priorities.
Over 22 years of operation in Ukraine, the company has built a team of agricultural experts, strong partnerships with scientific institutions, governmental and non-governmental organizations, and continues to invest in the development of business infrastructure.
On October 30, AmCham Ukraine and our member company Sayenko Kharenko are hosting our traditional Halloween Blood Donation Day, and we want YOU to help make a difference!
Dress up in your favorite costume (optional but encouraged!) and join us to donate blood for those in need. Together, we can show that heroes don’t always wear capes – sometimes, they carry a little bandage on their arm.
Whether you’re a first-time donor or a seasoned lifesaver, we welcome you all! Your contribution will help save lives, and there’s no better way to get into the Halloween spirit than by turning something spooky into something spectacular!
Follow all the rules and recommendations to prepare for donating blood.
Please take your passport and identification code with you. Citizens of other countries can also be donors if they have a residence permit in Ukraine and an identity document.
Due to security reasons, venue details will be provided one day in advance. The location has an underground shelter.
Zaporizhstal Iron and Steel Works has allocated about UAH 8 million to purchase and install a powerful air conditioner for the equipment of the BTLS-1680 rolling mill (continuous thin-sheet mill) in the Hot Strip Mill Shop.
According to the company, the important equipment requires cooling due to high operating temperatures.
It is specified that the Hisense air conditioner ensures the optimal temperature regime for the equipment of the BTLS-1680 rolling mill and ensures that the drives of the finishing stand group do not “burn out” during operation.
At the same time, it is specified that for the first time, the installation and commissioning of complex climate control equipment was carried out by specialists from the Centralized Engineering Department, Central Electrotechnical Laboratory and Metinvest-Promservice.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries around the world.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
As of October 15, farmers in all regions of Ukraine sowed 4.75 million hectares of winter crops, up from 3.8 million hectares last week, the press service of the Ministry of Agrarian Policy and Food reports.
According to the report, winter crops are being sown in all regions. In total, almost 3.7 million hectares have been sown. In particular, winter wheat has been sown on 3.3 million hectares (2.6 million hectares a week earlier), barley on 331.7 thousand hectares (208.7 thousand hectares), rye on 51.6 thousand hectares (45.9 thousand hectares), and rapeseed on 1 million hectares (986.4 thousand hectares).
According to the Ministry, the leaders in sowing winter crops are Poltava region, which sowed 224.5 thousand hectares (90.3%), Ternopil region – 176 thousand hectares (89.3%) and Khmelnytsky region – 213.2 thousand hectares (88.8%). Farmers in 11 regions have completed sowing winter rapeseed.
As of the same date a year earlier, Ukraine sowed 4.5 mln ha of winter crops, 3.018 mln ha of wheat, 260 thou ha of barley, and 63 thou ha of rye.
Quotes of interbank currency market of Ukraine (uah for €1, in 01.07.2024-30.07.2024)
Open4Business.com.ua
