UDP Renewables, a part of UFuture Investment Group, has launched its new solar power plant Scythia-Solar-2 in Melitopol (Zaporizhia region).
“UFuture and UDP Renewables continue to consistently realize the economic potential of Ukraine’s southern region following our long-term energy strategy. Now, the share of renewable energy sources in our country’s energy mix is only about 3%, but together we work towards changing this ratio. Our target is more than 160 MW of total production capacity by the end of 2019,” Founder of UFuture, Vasyl Khmelnytsky, said.
Scythia-Solar-2, with a peak capacity of 33.1 MW, occupies land area of 50 ha and consists of more than 91,000 solar modules produced by JA Solar. New PV PP will generate almost 42,000 MWh per year enabling to power 13,300 households.
“Scythia-Solar-2 is a high-tech facility. It is the second phase of our largest project Scythia-Solar, which we have started implementing in 2018. We have traditionally cooperated with Ukrainian equipment manufacturers and providers of respective services worth of UAH 288.5 million. During different stages of PV PP’s construction and operation, we created 315 jobs,” Managing Partner of UDP Renewables, Sergiy Yevtushenko, emphasized.
The project attracted €21.58 million of investments. The total capacity of two phases of Scythia-Solar is 46 MW, and the total investment reached €31.68 million. The launch of Scythia-Solar-2, instead of coal-fired power plants, will prevent 51 thousand tons of carbon dioxide emissions per year. Its general contractor is a Ukrainian group of companies, KNESS, and the financial partner is Oschadbank.
UDP Renewables is an investment and development company in the Ukrainian renewable energy sector. With diversification in type of renewable power generation and geography, by 2022 UDP Renewables strives to become one of the largest producers of clean energy in Ukraine, with total capacity of more than 300 MW. UDP Renewables is a part of UFuture Investment Group, a Ukrainian private equity firm and group of companies based in Kyiv. It unites businesses and social projects of Ukrainian entrepreneur Vasyl Khmelnytsky. Throughout its 20-year history, the group has accumulated a diversified portfolio of assets that spans both traditional sectors and industries of the future, and ranges from real estate, infrastructure and manufacturing to pharmaceuticals, renewable energy and technology.
INVEST, MELITOPOL, SOLAR POWER PLANT, UDP, VASYL KHMELNYTSKY
Ukraine since the beginning of the new 2019/2020 marketing year (MY, July-June) and as of July 24, 2019 had exported 2.435 million tonnes of grain and leguminous crops.
According to the Ministry of Agrarian Policy and Food, farmers exported 1.41 million tonnes of corn, 526,000 tonnes of wheat, and 499,000 tonnes of barley.
Some 21,300 tonnes of flour had been also exported on that date.
As reported, with reference to the ministry, Ukraine exported a record 50.4 million tonnes of grain in the 2018/2019 marketing year, which is 23% more than in the previous MY.
PrivatBank (Kyiv) will start selling its property with discounts, as well as at Dutch auctions through the electronic trading platforms LOT.PB and OpenMarket (SETAM state enterprise), the press service of SETAM has reported.
“In the near future, such auctions will be held on objects agreed by the board of the bank,” the report says.
According to the report, PrivatBank will put up for sale own real estate objects in almost all regions of Ukraine.
“The decline in real estate prices is planned for a large number of non-core assets to accelerate the sale of the facilities that are not used in the bank’s operating activities,” the report says.
PrivatBank specified that, in addition to traditional sales, it is planned to conduct bidding according to the Dutch auction model, which implies the reduction of the lot price during the bidding process.
The Cabinet of Ministers has abolished licensing for imports and exports of ethyl, cognac and fruit alcohol, ethyl rectified grape and fruit spirit, alcoholic drinks and tobacco products.
The decision was made at a government meeting on July 24 with the subsequent coordination with Deputy Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze.
JSC Ukrtransnafta has transferred 100% of its net profit in the amount of UAH 1.463 billion for 2018 in dividends to Naftogaz Ukrainy.
The press service of the company said last year the company also sent 100% of its net profit for 2017 in the amount of UAH 2.139 billion to pay dividends.
As reported, Ukrtransnafta in 2018 reduced its net profit by 31.6% (by UAH 676.454 million) compared to 2017, to UAH 1.463 billion. Net sales income rose by 2.3%, to UAH 3.873 billion, while gross profit decreased by 21.2%, to UAH 1.452 billion.
In 2018, Ukrtransnafta transported 15.436 million tonnes of oil, including 13.335 million tonnes in transit to European refineries, 1.344 million tonnes of domestic oil and 680,500 tonnes of imported oil to the refineries of Ukraine.
Ukrtransnafta, 100% managed by NJSC Naftogaz Ukrainy, is the operator of the oil transportation system of Ukraine.
The Cabinet of Ministers has authorized Finance Minister Oksana Markarova to sign an agreement with the government of Oman to avoid double taxation and prevent tax evasion with respect to income and capital taxes.
The government made the relevant decision at a meeting on July 24 without discussion.
In addition, the government authorized Markarova to sign a protocol on amendments to the agreement on avoiding double taxation with the government of the United Arab Emirates.
