Business news from Ukraine

Qatari-based global power investment company with assets around world
is investing in Ukrainian renewable energy sector

UDP Renewables, a UFuture’s portfolio company, opens Ukraine for an international power investment company based in Doha, Qatar — Nebras Power. The parties agreed on a strategic partnership and signed a number of contracts.

According to the agreements, Nebras Power assumes a controlling stake in six companies operating UDPR’s photovoltaic solar power plants, namely: “Scythia-Solar-1”, “Scythia-Solar-2”, “Free-Energy Genichesk”, “Port-Solar”, “Terslav” and “Sun Power Pervomaisk”.

“This SPA signifies a fruitful conclusion of the two-year negotiations on cooperation with Nebras Power — it’s a long-awaited victory and a great honour for us. We are happy to be opening opportunities in the Ukrainian market for a noted global power investment company and are proud to become its reliable partner. I am confident that together we will be able to make our planet cleaner and greener for future generations,” Sergiy Yevtushenko, Managing Partner of UDP Renewables, said.

Nebras Power is an active international player in the global power market. The company invests in the development of clean energy the world over and currently has assets based in the Middle East & North Africa, Asia, Australia, Latin America and Europe. These assets have been developed to meet the growing demands for power. Nebras Power is one of the first players from the Middle East to enter into a long-term strategic partnership with Ukraine.

“For Nebras, Ukraine represents not only a rich and dynamic new market but also symbolizes the success of our global growth strategy, which endeavours to identify and invest in robust power projects in both developed and emerging economies.  By leveraging this approach, we can deliver clean and reliable power to communities, while endowing those countries, such as Ukraine, with the means to meet their clean and green energy targets,” said Khalid M Jolo, CEO of Nebras Power.

Nebras Power’s Chairman Mohammed Nasser Al-Hajri, echoed Mr. Jolo’s vision on the importance of the agreement and the company’s foray into Ukraine: “The partial acquisition of six solar projects in Ukraine will further add to and complement our expanding international portfolio mix. Furthermore, our partnership with UDPR communicates Nebras’s expertise and ability to invest in and furnish projects that will affect positive changes in those diverse international power markets where we invest. As we move forwards, we look ahead to a prosperous and long-lasting relationship with UDPR and Ukraine,” Mr. Al-Hajri said.

This cooperation between the two companies will contribute to the development of an innovative economy and the preservation of the environment. The next stage of the partnership envisages joint development of wind power generation projects by Nebras Power and UDP Renewables.

The collaboration will add to Nebras Power’s impressive portfolio of sustainable strategic investments in power, water and renewables globally.  For UDPR, the partnership will expand the share of clean energy in Ukraine’s energy balance, improve the country’s global competitiveness, and help reduce its carbon footprint.

“By 2023 we will add more to Ukraine’s green energy capacity, thus improving both our country’s environment and its global economic competitiveness. Thanks to Nebras Power’s investments we will be producing more than 700 GW*h of clean electricity per year, enough to power 310,000 average houses,” Nicholas Tymoshchuk, CEO of UFuture said.

ADDITIONAL INFORMATION

UDP Renewables is an investment and development company in the field of renewable energy. By diversifying the resources and location of its facilities, UDP Renewables plans to become one of the largest producers of clean energy in Ukraine by 2022 with a total capacity of more than 300 MW.

UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky, which has a diversified portfolio of assets in real estate, infrastructure, industry, renewable energy, pharmaceuticals and IT. Currently, UFuture is a strategic investor in UDP Renewables. UFuture’s assets are estimated at $500 million, and the total capitalization of the businesses it invested in is up to $1 billion.

Nebras Power Investment Management B.V. (“NPIM”) is a wholly owned subsidiary of Nebras Power Q.P.S.C., incorporated in the Netherlands and is operating since 2016. NPIM is the international investment management platform of Nebras Power Q.P.S.C. Its mandate is to own, develop and invest, in greenfield developments and brownfield projects, in the sectors of power and water, in the Netherlands and internationally. www.nebras-power.com

POS terminal – combo pay from Excellio On February 8, Excellio Trade LLC , a leading supplier of mPOS and fiscal equipment, has presented the all-purpose (versatile) payment terminal – ComboPay, which is perfectly adapted to any business needs. The new device has passed all international certifications and received official permission for sale in Ukraine.
POS terminal – combo pay from Excellio
Ukrainian’s payment habits are constantly changing. More and more people choose credit cards over cash. Salary, cashback, withdrawal fee, etc. all these elements are boosting non-cash payments. It’s fast, convenient, and safe, especially considering new pandemic realities.
“Contactless card payments and NFC gadgets are undeniable favorites among Ukrainians” – Mastercard in Ukraine
Due to market competition and the desire to work with just any customer, more and more entrepreneurs install payment terminals. National Bank of Ukraine confirmed an increase in the number of companies that accept card payments within 9 months of 2020.
It should be pointed out, that Ukrainian entrepreneurs have always faced difficulty choosing the right POS terminal. Most of the existing models are wired, without integration with a cash register, or need a control device such as a computer. It restrained entrepreneurs and the scope of terminals use. These days companies have to be flexible in order to survive at the time of a crisis, unforeseeable circumstances, and rapid change of customer preferences. Therefore, entrepreneurs need such a new terminal as ComboPay. It’s so convenient that the terminal can transform from restaurant payments to delivery service or from street market to boutique chain. Exellio Trade LLC in cooperation with Oschadbank had decided to put this idea into practice. After a long process of developments and tests, they have presented a solution that will dramatically improve the payment experience for both, a merchant and a customer.
ComboPay is an mPOS terminal that transforms and adapts perfectly to any business task at any time.
It doesn’t require any add-ons. You can work with just a single terminal itself. It doesn’t need a smartphone, PC, cash register, or even WiFi, and it can work completely autonomously. If you already have a fully functional system with a cash register and other accounting devices, ComboPay can be easily integrated into it. Thus, you don’t need to enter the amount twice. It’s done with one click!
Any form checks.
ComboPay can print regular checks (by connecting an attachable printer) or it can follow eco-trends and send e-checks by email (it’s super convenient if you have a client’s loyalty system). On top of that, mPOS ComboPay can generate QR-codes from check information and display it.
Mobile and independent.
Our latest payment device can be completely portable. It’s lighter than iPhone 12 and it keeps up to 3 days of battery in normal mode. Thanks to the minimalistic design, it perfectly fits any shop or beauty salon. It has 3G Internet connectivity but can just as easily work through Wi-Fi. A special Dock-station is available if you have a big flow of customers and round-the-clock work.
It receives any types of credit cards and NFC gadgets, as well as loyalty cards. It has an intuitive interface and comfort control keys that simplify learning and speed up information entry. It also supports multiple languages and has easy to read display. ComboPay doesn’t require any specific technical knowledge for staff.
Compact and wireless.
First of all, new mPOS is interesting for small and medium businesses. In particular, it’s an optimal solution for courier services or online-shops and restaurants with their own on-site delivery. After all, ComboPay is perfectly suited for street food (street markets, fairs, mobile coffee shops, etc.), for the beauty industry, health and wellness, island trade in a shopping mall, HoReCa, and any other businesses.
It’s also convenient for parcel verification since it has a sensor display with a signature feature.
The new mPOS ComboPay was developed in partnership with the national bank Oschadbank with the maximum guarantee of customer safety. This cooperative project provides comprehensive support for vendors: financial reliability of a leading state-owned baking institution and integral technical and information support from Exellio Trade LLC.
It’s very important to keep money safe since entrepreneurs invest a lot of effort, time, and often last resources in their business. That’s why we chose Oschadbank for ComboPay acquiring. This is a system bank with the longest history on the market in Ukraine. And more importantly, Oschadbank, compare to others, covers the whole amount of deposits. Thus, vendors can remain calm as 100% of their funds are secure.
The managers in Exellio Trade LLC will take care of the bureaucratic process and do all of the paperwork in completing registration for you.
It doesn’t matter if you have a store today and a delivery service tomorrow, ComboPay transforms in the way you need! It combines quickly and easily as it’s necessary for Ukrainian business. This is your Combo in the payment field!
The price of the basic package starts from 5800
+38 066 251 52 11
exellio.ukraine@gmail.com
Iuliia Chernenko, content manager Exellio Trade Llc.