British-based Ferrexpo plc, which controls in Ukraine, in particular, Poltava and Yeristovo mining and processing plants (GOK), in January-September 2020 increased total production of pellets by 3% compared to the same period in 2019, to 8.134 million tonnes.
According to a press release, total production of pellets with 65% Fe (iron content), including a trial shipment of Ferrexpo Direct Reduction pellets with 67% Fe in the first half of 2020, amounted to 8.036 million tonnes (up by 6%) for the period, with 62% Fe some 98,000 tonnes (a decrease by 68%).
At the same time, production of pellets from third-party raw materials was not carried out.
In Q3, 2020, total pellet production decreased by 12% compared to Q2, 2020, to 2.537 million tonnes from 2.873 million tonnes due to the planned repair of the pelletiser in early September 2020. In Q3 no pellets with 62% Fe were produced.
“Ferrexpo’s operations continued to operate with minimal impact during Q3, 2020 due to the global COVID-19 pandemic. The company continues to ensure all appropriate precautions are being followed for the health and wellbeing of its workforce, including the company’s own programs testing for the COVID-19 virus and associated antibodies,” the document reads.
“The company’s additional concentrator section was completed in Q3, 2020, with commissioning and ramp up of this additional processing capacity to progress in Q4, 2020,” it says.
State-controlled PrivatBank in January-August 2020 continues to top the list of profitable Ukrainian banks with a financial result of UAH 18.39 billion, while the largest loss since April 2020 has been recorded by state-owned Ukreximbank (UAH 1.88 billion), according to the data on the website of the National Bank of Ukraine (NBU).
According to the report, Oschadbank ranked second among the most profitable banks in Ukraine as earlier (UAH 4.44 billion), Raiffeisen Bank Aval ranked third (UAH 2.7 billion), as before, FUIB ranked fourth (UAH 1.85 billion), and OTP Bank ranked fifth (UAH 1.31 billion).
The second position in the list of the most unprofitable banks in January-August continues is occupied by Prominvestbank (PIB, UAH 726.4 million), and Bank Arcada moved to the third position (UAH 444.63 million), which from August 25 was declared insolvent and from September 24 is under liquidated.
Bank Credit Dnipro (UAH 177.19 million) moved from the third to fourth position in the list of the most unprofitable banks, and Pravex Bank (UAH 116.03 million) moved from fourth to fifth, according to the National Bank’s statements.
In the eight months of 2020, solvent banks in Ukraine received UAH 32.64 billion of net profit, which is 26.3% less than in the same period of 2019 (UAH 44.29 billion), in particular state banks declared UAH 21.63 billion (66.3% of profit), banks with foreign capital UAH 7.6 billion (23.3%) and with private capital some UAH 3.41 billion (10.4%).
During this period, 61 out of 75 banks operating in Ukraine were profitable, according to the NBU data.
DTEK Kyiv Region Grids in the six months of 2020 connected 297 household solar power plants to the networks, thereby increasing the number of such plants in the region by 16.8%, to 2,082.
According to the press service of the company, Kyiv region is one of the five leaders, where the largest number of household solar plants is installed.
According to Vitaliy Shaida, the director general of DTEK Kyiv Region Grids, the largest number of “green” energy producers are in Kyiv-Sviatoshynsky districts with 344 stations, Brovary district with 263 plants and Boryspil district with 235 stations.
As reported, Ukrainian households had installed more than 25,600 solar panels as of July 1, 2020. The total capacity of all solar plants is 658 MW. The leaders in the number of solar power plants also became Dnipropetrovsk region (3,398), Ternopil region (2,200), Ivano-Frankivsk region (1,900), and Zakarpattia region (1,600).
In the first half of 2020, some 1,330 new private solar power plants were connected to the distribution system operators of DTEK Grids. Thus, as of July 1, 2020, the total number of private solar power plants connected to DTEK Grids is 7,220 objects, which is 28% of the total number of prosumers in Ukraine.
The European Bank for Reconstruction and Development (EBRD) could provide a senior loan of up to EUR 25 million to the communal company Dnipro Municipal Energy Servicing Company (Dniprovska Municipalna Energoservisna Kompanya, the city of Dnipro) for energy efficiency investments in 98 public buildings, including 67 kindergartens, 27 schools and 4 outpatient clinics.
“The investments are expected to result in strong improvement of buildings’ condition through renovation of facilities and meeting heating requirements, improved comfort level and reliability of services at kindergartens, schools and clinics, as well as reduction of energy and maintenance costs of the buildings and decrease of CO2 emissions,” the bank said on Tuesday.
The project is pending of the decision of the EBRD board on October 13.
According to the document, the loan maturity is up to 13 years, including up to three years grace, with 20 equal semi-annual repayments. The loan will be secured by a full municipal guarantee from the city.
The loan is expected to be co-financed by up to EUR 5.5 million investment grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P), subject to grant approval by the E5P Assembly of Contributors.
The local contribution of up to EUR 2.5 million will cover additional energy conservation measures and capital repairs.
The EBRD said that the loan will be a sub-project under the Public Sector Energy Efficiency Financing Framework (PSEEF), consisting of municipal-guaranteed loans to municipal energy management companies in Ukraine to facilitate critical improvements in energy efficiency measures in public buildings in a number of cities across Ukraine.
The International Finance Corporation (IFC) of the World Bank Group can provide up to EUR27 million to the municipal transport company Shvidkisniy Tramway (High-Speed Tram) to procure 50 trams and rehabilitate 1 km of associated tramway line.
According to information on IFC’s website, the board of directors of the corporation intends to consider the relevant issue on December 21.
The tram vehicles will be operating on the existing underground and on the ground tram lines of the city and will be replacing obsolete vehicles.
The component relevant to the tramway line rehabilitation will take place on circa. 1 km section of Sobornosty Avenue, one of the main east-west transport arteries in the city center, located in the Metalurhiv district of Kryvy Rih. The construction is expected to start in April 2021 and to be completed by December 2021. The work involves dismantling the existing rail tracks and the overhead catenary, laying new tracks, mounting the catenary lines and final clean up and landscaping.
In parallel, as part of IFC’s Ukraine Cities Program, IFC is providing city with comprehensive advisory support to facilitate project implementation and increase its impacts. Activities include recommendations on improving sustainability and operational efficiency of transportation sector, reviewing tramway electric power supply system and related infrastructure to advise on capital modernization needs, as well as support in the technology specifications and selection of new low-floor energy efficient tram cars.
The project will enhance physical connectivity of remote districts and encourage tramway use, expected to contribute to the reduction of pollution and congestion in the city.
Myronivsky Hliboproduct (MHP) last week opened three new stores of the Miasomarket stores franchise chain in Oleksandriya and Novomyrhorod (Kirovohrad region) and Sumy.
According to the company’s press release on Monday, October 5, some 12 stores of a new format are already operating in Ukraine, namely, in Sumy, Kovel, Mykolaiv, Dubno, Cherkasy, Kropyvnytsky, Kyiv, Odesa, Novomyrhorod, Oleksandriya.
As reported, Myronivsky Hliboproduct intends to open about 50 retail outlets in different cities of the country by the end of 2020. The company opened the first Miasomarket store in Kyiv on September 18, 2020.
MHP is developing franchising formats such as Miasomarket stores, traditional Nasha Ryaba shops, Secrets of the Chief gastrostudio and shawarma points of sale. At the same time, MHP develops independently its sandwich shops “Kho bite? (the Baschynsky trademark).
MHP is the largest chicken producer in Ukraine. It also produces grains, sunflower oil and meat processing products. MHP supplies chicken carcass halves to the European market, which are also processed at its facilities in the Netherlands and Slovakia.
MHP’s net profit in 2019 increased by 1.7 times compared to 2018, to $215 million, while revenues increased by 32%, to $2.06 billion.
