Norway’s Scatec Solar in 2018 established and acquired around a dozen of companies in Ukraine to implement its projects to build solar power plants. According to a report of Scatec Solar for 2018, the company entered into agreements with Rengy Development and obtained 51% in Rengy Bioenergy. At the end of 2018, the companies started building a solar power plant in Mykolaiv region with a capacity 47 MW for EUR 52 million. The European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB) signed credit agreements of 50% each of the non-recourse debt financing of the project. The credit facilities amount to EUR 36 million and covers 70% of the total project costs. Commercial operation is expected during 2019.
In 2018, Scatec Solar signed agreements securing the 30 MW Kamianka project in Cherkasy region with a total investment of EUR 35 million. EBRD and FMO, the Dutch development bank, signed credit agreements for the non-recourse debt financing of the project. The credit facilities amount to EUR 24.5 million and covers 70% of the total project costs. Construction started early 2019 with commercial operation expected in fourth quarter 2019.
During 2018, Scatec Solar signed agreements securing projects with total capacity of 251 MW in Ukraine. Two of these projects secured financing in 2018 and moved into construction with 174 MW in project backlog. Total capex for the projects is estimated to EUR 193 million. In Ukraine, Scatec Solar is developing projects totalling 163 MW in addition to the 251 MW in project backlog and under construction.
For the implementation of the projects the company also established Scatec Solar Ukraine Opr Comp (EPC) in 2018. The Norwegian company in 2018 via its Dutch subsidiary Scatec Solar Ukraine B.V. became owners of 100% of Atlas Capital Energy, Greenteco SES, Progressovka and Boguslav Energy.
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The State Service of Ukraine on Food Safety and Consumers’ Rights Protection and the authorized body of Saudi Arabia have approved the form of the international veterinary certificate for exports of Ukrainian beef and products made of it.
The Ukrainian authority posted the information on its website on Monday.
As reported, in January 2019, Ukraine and Singapore approved veterinary certificates for exports of poultry and products made of it, shell eggs and egg products from Ukraine.
The most liquid shares of Ukrainian companies listed on the Warsaw Stock Exchange (WSE) and the London Stock Exchange (LSE) calmly reacted on the outcome of the first round of the presidential election in Ukraine.
According to the WSE, as of 10:00 am on April 1, the share price of the Ovostar agricultural holding slightly decreased – by 0.93%, to PLN 107 per share. The share price of Agroton agroholding increased 3.66%, to PLN 3.54 per share, Astarta – by 1.84%, to PLN 27.7 per share. Besides, the stock price of IMC increased by 0.72%, to PLN 13.95 per share and Kernel – by 0.2%, to PLN 49.3 per share.
On the LSE, the JKX Oil & Gas oil and gas company shares fell by 2.27%, to GBP 0.5375 per share. Shares of British Ferrexpo Plc, which controls Poltava and Yeristovo mining and processing plants in Ukraine, rose by 3.03%, to GBP 0.255 per share.
The stock price of the agricultural holding MHP increased 0.98%, to $10.35 per share. Share price of the British oil and gas company Regal Petroleum Plc with assets in Ukraine has not changed being GBP 0.435 per share.
National energy company Ukrenergo on April 1, 2019 started accepting documents to register electricity market players, the company has said.
Ukrenergo recalled that the registration is a mandatory condition for operation on the electricity market from July 1, 2019, as well as for testing the subsystem accepting and processing timetables of market players and the function of the payment administrator.
The form of the application for the registration that is to be sent to Ukrenergo in paper and guidelines are posted on the company’s website (https://u.to/aZkCFQ). The company also created a call center for consultations, phone (044) 238 37 00.
As reported, in July 2019 in Ukraine, the launch of a new model of the wholesale electricity market is scheduled pursuant to the law on the electricity market passed in April 2017. It is planned to move from work on the “single buyer” model to a competitive mechanism providing for bilateral contracts between producers and large consumers, suppliers, the introduction of the balancing market, the day-ahead market and the intraday market.
