Business news from Ukraine

Business news from Ukraine

Norway’s Scatec starts commercial operation of third solar power plant in Ukraine

Norway’s Scatec and its partner FMO, the Dutch entrepreneurial development bank, have grid connected the 32 MW Kamianka project in Cherkasy region, the company said in a press release posted on GlobeNewswire.

According to the report, the plant will start commercial operations from January 1, 2021.

“We are pleased to complete our third project in Ukraine. The Kamianka solar power plant will lead to the abatement of more than 15,000 tonnes of CO² emissions, and will contribute to growing the share of renewable energy in the country,” CEO of Scatec Raymond Carlsen said.

The Kamianka solar plant is expected to deliver about 37 GWh per year and will be providing clean energy to more than 11,000 households.

Scatec now has almost 1.6 GW in operation globally. In addition, a portfolio of 320 MW is under construction, of which 203 MW in Ukraine.

Scatec is headquartered in Oslo and listed on the Oslo Stock Exchange (ticker SSO).

PrivatBank puts Pryozerny mall in Dnipro up for auction with price of UAH 518 mln

State-owned PrivatBank (Kyiv) has put the Pryozerny shopping center in Dnipro up for auction in the EP Liquid trading system, the mall has an area of 32,400 square meters and adjacent 12 land plots with a total area of 3,640 square meters, the press service of the bank said on Monday.

According to the report, it will be an English auction (the price should increase continuously) scheduled for January 15. The initial price of lot No. EPCU012021 is UAH 518 million. The money deposit is 5%.

EP Liquid is an electronic trading system (ETS) from a London-based firm of Exito Partners. In particular, the company specializes in advising financial institutions and corporates in disposal of non-core/distressed portfolios of loans & assets; large single name distressed loans & assets restructuring; equity & debt raising.

Through EP Liquid, investors can browse and bid on a variety of assets brought to market by Exito Partners.

On December 18, 2016, the government of Ukraine, referring to the proposal of the National Bank and former shareholders of PrivatBank, decided to nationalize this largest financial institution on the Ukrainian market and injected over UAH 155 billion into its capital.

According to the National Bank of Ukraine, PrivatBank as of October 1, 2020, ranked first in terms of total assets (UAH 600.15 billion) among 74 banks operating in the country.

VOLUME OF CONSTRUCTION PRODUCTS PRODUCED BY TYPE IN JAN-SEPT OF 2020 (MLN UAH)

Volume of construction products produced by type in Jan-Sept of 2020 (mln UAH).

,

TIS Group in 2020 increased cargo turnover

TIS Terminal Group in 2020 increased its cargo turnover by 10.34%, to 36.6 million tonnes (33.17 million tonnes in 2019).

“In 2020, the TIS group handled 36.6 million tonnes of cargo. We did not believe it, though … 36.6 is a beautiful figure, another TIS record, the largest cargo turnover among all Ukrainian operators, a 10% increase compared with last year. TIS year after year shows double-digit growth,” Andriy Stavnitser, co-owner of the TIS terminal group and the P&O Maritime Ukraine towing company, wrote on his Facebook page on January 1.

He also said that by the end of the year, the company employs more than 5,000 people.

“I think this is a completely official reason to expect only good things from 2021,” Stavnitser said.

As reported, TIS handled 33.17 million tonnes of cargo in 2019, which is 28.4% more than in 2018.

TIS Terminal Group is the largest stevedoring operator in Ukraine established 25 years ago.

Odesa Port Side Plant increases urea production

The Odesa Port Side Plant produced 821,200 tonnes of urea in 2020, which is 2.5 times more than in 2019 and is a record high over the past five years.

Its production facilities also produced 96,500 tonnes of commercial ammonia, which is 3.2 times more than a year earlier, a press release of the enterprise published on Thursday says.

Almost all products are made from raw materials supplied by the customer, but there is no more accurate data on this in the message.

The plant also clarified that over 90% of its products are exported.

As reported, last year the state-owned Odesa Port Side Plant increased the production of urea from tolling raw materials by 82.1% – to 324,600 tonnes, but reduced the production of ammonia 4.7 times – to 29,900 tonnes.

Ukravtodor opens passage on new bridge across Chortomlyk river

The State Agency for Highways of Ukraine (Ukravtodor) has opened a passage on a new bridge over the Chortomlyk river in the village of Oleksiyivka, Dnipropetrovsk region, Ukravtodor reported on its Telegram channel on Wednesday.

“I think everyone remembers the story of May, when the old ferry collapsed during the passage of an overloaded truck. It hasn’t been repaired for 65 years. Then we immediately launched the process of reconstruction of the bridge. The whole team was faced with the task of opening the traffic here by the end of the year. All critical work has been completed now. Today, the first test vehicle set off across the bridge in Oleksiyivka. From tomorrow, vehicular traffic will be carried out in a usual mode,” the press service quoted head of the agency Oleksandr Kubrakov as saying.

According to Ukravtodor, in 2021, work on the installation of a drainage system from the superstructure, the arrangement of the upper layers of the pavement, road markings and the dismantling of the reinforced concrete channel supports of the old bridge will be completed on the bridge.

The bridge over Chortomlyk is an integral part of the road N-23 Kropyvnytskyi – Kryvyi Rih – Zaporizhia (km 206 + 925).

,