Business news from Ukraine

Business news from Ukraine

STATE-RUN UKRENERGO PLANS TO FINISH CONSTRUCTION OF SUBSTATION WITH A POWER CAPACITY OF 500/220 KV

Ukrenergo National Energy Company will finish construction of the Kreminska substation with a power capacity of 500/220 kV (Kreminna town in Luhansk region) by the end of May 2020, Ukrenergo operations director Volodymyr Kudrytsky said at a press conference in Kyiv.
“Kyiv Energy Construction Company in Ivano-Frankivsk, one of the biggest companies Ukrenergo is working with, won the bids in 2017. At present moment, it is building the facility. May 2020 is an expected date of completion of the building works,” he said.
Kudrytsky reminded that the term for completion of the works was scheduled for December 2018. However, these terms have been shifted over the Cabinet of Ministers’ delay to approve the design documentation and settling the issues with land acquisition. Kyiv Energy Construction Company in order not to waste time started to buy necessary equipment and machinery before the government approved the documentation.
According to company’s operation director, the cost of construction now totals UAH 1.3 billion, while the Cabinet of Ministers initially appraised it at UAH 1.7 billion.
He also reported that Ukrenergo was working over the project on increase of the capacities of Luhansk thermal power plant (TPP).
“To provide distribution of Luhansk TPP in full, at a moment we initiated building of another facility, it is on the stage of design. This is a 220 kV transmission line from Luhansk TPP to Yuvileina power substation,” he said.
As reported, construction of Kreminska substation launched two years ago.
The Kreminska substation will make it possible to synchronize the electricity supply system in the northern Donbas with Ukraine’s Integrated Power System (IPS) and provide a stable link to that system.
Consumers in the northern part of the Luhansk region are only supplied by coal-fired Luhanska TPP. Previously, the fuel was delivered to the station by rail through Russia, but today deliveries have ceased completely being blocked by the Russian Federation.
Now the station runs on gas, which is much more expensive than coal. This is economically disadvantageous. In addition, the station is located in close proximity to the war zone, and its continued operation is constantly under threat. These factors pose significant risks of complete shutdown of the Luhanska TPP. At the same time, due to damage to power grids as a result of hostilities, only two 110 kV transmission lines now connect the Luhanska power unit with the power grid of Ukraine. Their capacity, with no generation at the Luhansk TPP, is only 110MW. Meanwhile, the power unit’s consumption is from 140 MW at night to 220MW in the evening peak. Thus, if the operation of the Luhansk TPP stops in any reasons, the region won’t be provided with electricity as strongly as required.

, ,

THIS YEAR UKRAINE BUYS NUCLEAR FUEL IN RUSSIAN TVEL (47.9% IN MONETARY TERMS) AND IN WESTINGHOUSE (52.1%)

Ukraine in January-June 2019 acquired nuclear fuel for a total amount of $98.402 million.
According to the State Statistics Service, over the six months of this year Russian-made fuel worth $47.173 million and Swedish fuel for $51.229 million was purchased for Ukrainian nuclear power plants.
Thus, the share of Ukrainian purchases of nuclear fuel for the reporting period from TVEL (Russia) in monetary terms amounted to 47.9%, from Westinghouse (Sweden) some 52.1%.

, ,

UKRAINE AND ISRAEL SIGN DOCUMENTS ON COOPERATION IN AGRICULTURE, ECONOMICS, EDUCATION, SPORTS

Ukraine and Israel signed bilateral documents on cooperation in agriculture, economics, education, culture, as well as youth and sports. “A series of Ukrainian-Israeli documents were signed in the presence of President of Ukraine Volodymyr Zelensky and Prime Minister of Israel Benjamin Netanyahu,” the presidential press service reported on Monday.
Thus, Acting Minister of Agrarian Policy and Food of Ukraine Olha Trofimtseva and Ambassador Extraordinary and Plenipotentiary of the State of Israel to Ukraine Joel Lyon signed a Memorandum of Understanding on cooperation in the sphere of agriculture between the Ministry of Agrarian Policy and Food of Ukraine and the Ministry of Agriculture and Rural Development of the State of Israel.
In addition, Ambassador Extraordinary and Plenipotentiary of Ukraine to the State of Israel Hennadiy Nadolenko and Ambassador Extraordinary and Plenipotentiary of the State of Israel to Ukraine Joel Lyon signed an Agreement between the Ministry of Education and Science of Ukraine and the Ministry of Education of the State of Israel as regards facilitating the study of the Hebrew language in the educational institutions of Ukraine and the study of the Ukrainian language in the educational institutions of the State of Israel.
In addition, the ambassadors of the two states signed a Program of Cooperation in the spheres of education, culture, youth and sports between the Cabinet of Ministers of Ukraine and the Government of the State of Israel for 2019-2022.
State Secretary of the Ministry of Economic Development and Trade of Ukraine Oleksiy Perevezentsev and Ambassador Extraordinary and Plenipotentiary of the State of Israel to Ukraine Joel Lyon signed a Memorandum of Understanding between the Ministry of Economic Development and Trade of Ukraine and the Israeli Patent Office of the Ministry of Justice of the State of Israel.

, , , , , ,

UKRAINIAN SPORTSMAN SWIM 300 KILOMETERS ALONG DNIPRO RIVER AND REACHES CHERKASSY

The swim-project started on the border with Belarus on August 5, and the finish will be tentatively 30 to 40 days from then at the section of the river flowing into the Black Sea.
The swim along the Dnipro is the first stage of the project.
In a year, Mykhailo Romanyshyn and his team plan to swim to cross the Black Sea from Odesa, Ukraine, to Istanbul, Turkey.
The project will allow the formation of a charitable fund to help young gifted athletes of Ukraine and conduct environmental and biological research.
“The project pursues several goals, but first of all it is to draw attention to the environmental problems of the Dnipro, popularize sports among our citizens and create a charity fund to help children,” project organizer Maksim Urakin said.
During the swim, Romanyshyn’s team will monitor the state of water in the Dnipro. According to the preliminary program of the swim, every day the athlete will cover about 25-30 km and swim for about 12 hours.
He is accompanied by a support group that includes his coach, reporter and a special vehicle will bring food and supplies for sleepovers. A police patrol boat will accompany the swimmer.
Swimmer Mykhailo Romanyshyn added that he would like to use his example to distract children from unhealthy habits and draw their attention to sports. “For our country to continue to have Olympic champions in swimming and other sports, the efforts of both businesses and authorities are needed. Without this the population will continue to decline,” Mykhailo Romanyshyn said.
Experts representing the national register for Ukrainian records will record the accomplishment.
The project is supported by leading Ukrainian companies that prioritize environmental issues and the development of sports: the Arterium company, the Revealing Information law firm, A-95 Consulting Group, Maxevents, the Interfax-Ukraine News Agency.
You are welcome to trace the project in:
FB: https://www.facebook.com/mikhail.romanishin
Inst: https://instagram.com/m.romanishyn?igshid=1a6wgp7z372he

UKRAINIAN PRODUCER OF WALLPAPERS INCREASES OUTPUT BY 33%

Public joint-stock company Slovianski Shpalery-KFTB (previously Koriukivka industrial paper factory in Chernihiv region), one of the Ukrainian major wallpaper producers, in January-July 2019 produced 20.47 million conventional sheets of wallpaper, which was 33% up from a year ago, according to the UkrPapir association.
Through the seven months of 2019, the growth was 29.2% year-over-year, when a 13.4% fall was registered in Q1, 2019.
According to the association, over the period wallpaper production in Ukraine totaled 32.21 million conventional sheets of wallpaper, which was 44.6% less than in January-July 2018.
The share of Slovianski Shpalery-KFTB of total wallpaper production over this period was almost 63.6% up, while a year ago it was 26.5%.
In monetary terms, the volume of commodity products of the plant for January-July 2019 was UAH 1.107 billion that is 42% more than a previous year.
Slovianski Shpalery-KFTB produces several kinds of wallpaper, including washable, duplex, vinyl and acrylic wallpaper. It sells over 2,500 designs under the Slovianski Shpalery trademark.

,

NORWAY’S COMPANY STARTS BUILDING SECOND PHASE OF WIND FARM IN UKRAINE

Azovpromenergo LLC has started building of the second phase of Zofia wind farm with a 300 MW capacity in Yakymivsky district of Zaporizhia region, an announcement on the Environmental Impact Assessment Register’s website says. Within the framework of the project, it is planned to set up nearly 72 wind turbines with a capacity from 4,500 MW and 6,000 MW each. The height of the tower will reach 130 meters, rotor diameter is from 145 meters up to 170 meters depending on producer and a model of equipment. The second phase of the wind farm is to produce about 1.2 million MWh of electric power. Its total capacity is 750 MW.
According to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations of Ukraine, Azovpromenergo belongs to East Renewable Zofia, which also owns LLC Azovinvestprom that in turn deals with the building of the first phase of the wind farm. However, Norway’s NBT has completed the acquisition of 82% of the charter capital of Azovinvestprom.
As reported, the investment agreement on the construction of a wind farm was signed on January 23, 2019r in Davos. The European Bank for Reconstruction and Development (EBRD), the Nordic Environment Finance Corporation (NEFCO), the Black Sea Trade and Development Bank and others also became parties to the agreement. The organizer of the syndicate of investors was JP Morgan.
In April 2018, NBT bought 100% of Syvashenergoprom LLC (operates a wind farm with a capacity of about 3 MW), and early September, an agreement was signed on the implementation of a project to build a 250 MW wind farm in Kherson region (along Syvash Lake) with the leading role of NBT. In the spring of this year, construction of 67 wind turbines will begin.
Both projects in Kherson and Zaporizhia regions are being implemented by NBT together with the French energy company Total-Eren (a subsidiary of Total).
NBT develops wind farms in emerging markets. The company has offices in Oslo (Norway), Limassol (Cyprus), Beijing (China), Singapore, Kyiv (Ukraine) and Karachi (Pakistan). Corporate management and administration is located in Oslo, while the technical functions and procurement are located in Beijing and Singapore.

, ,