Business news from Ukraine

Business news from Ukraine

UKRTRANSGAZ COMMISSIONS KALUSH-2 GAS DISTRIBUTION STATION AFTER RECONSTRUCTION

The operator of the gas transportation system JSC Ukrtransgaz has commissioned Kalush-2 gas distribution station (Ivano-Frankivsk region) after reconstruction, the press service of the company has reported.
The total investment in the reconstruction amounted to UAH 82 million. The station is equipped with automatic management systems with functional alarm systems and systems of automatic protection against pressure increase/decrease.
In addition, an ultrasonic gas flow measurement system is installed at the station.
“With the rapid development of industry in Kalush, the modernization and restoration of activities of chemical enterprises and, accordingly, increasing consumption volumes, the station will ensure a reliable and uninterrupted supply of gas to consumers,” the report said.
Kalush-2 gas distribution station, built in 1975, supplies gas to the city, nearby villages and industrial consumers from the Uhersko-Ivano-Frankivsk-Chernivtsi gas pipeline.

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CONSTRUCTION OF BRIDGES IS REAL STEP TO RESTORE UKRAINE’S INFRASTRUCTURE – INFRASTRUCTURE MINISTER

During a working visit to Chernivtsi region Ukrainian Infrastructure Minister Volodymyr Omelyan examined a bridge in the village of Roztoky of Putyla district, the press service of the Infrastructure Ministry has reported.
“In 2008, as a result of flooding, roads and bridges of Chernivtsi region were significantly damaged… In the continuation of the construction of a bridge in the village of Roztoky, UAH 75 million were provided. UAH 100 million will be sent this year for the bridge over the Prut River. These are real steps of restoring the infrastructure of Ukraine. I thank the President of Ukraine, who identified the infrastructure as a key priority, as well as the governments of [Arseniy] Yatsenyuk and [Volodymyr] Groysman, which make it possible to gradually change the road network, repair bridges and give people new quality of travelling Ukraine,” the ministry said on the official page in the Facebook network on Sunday night.
Total subventions from the Road Fund for local roads in 2019 will be about UAH 15 billion.
“This is a large amount of financing, which has never happened before. All these funds should be used to restore roads and bridges in the regions, 20% of the funds can be spent on public roads. But for great effect, I urge local authorities to co-finance road repairs,” Omelyan said.

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ZAPORIZHIAOBLENERGO TO RECONSTRUCT SUBSTATION TO CONNECT 20 MW SOLEN ENERGY SOLAR PLANT

PJSC Zaporizhiaoblenergo by September 2019 will reconstruct the 150/35/10 kV Likarniana substation due to the connection of a Solen Energy LLC solar power station in Zaporizhia.
The announcement of the signing of a relevant agreement with Assembly and Construction Company Synergy LLC on March 14 was published in the ProZorro system.
Development and Construction LLC also participated in the auction.
In May 2018, Zaporizhia City Council allocated 36 hectares for Solen Energy LLC on the Orikhivska highway.
According to Solen Energy’s website, the station’s capacity is 19.9 MW, the construction contractor is SIS LLC. The station has Risen and Longi modules with a capacity of 345 W and 365 W each, as well as ABB inverters with a power of 120 kW. In February, open hearings on providing feed-in tariffs to the station were held in Zaporizhia.

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CARLSBERG UKRAINE SEES NET PROFIT RISE BY 1.5 TIMES IN 2018

PrJSC Carlsberg Ukraine (Zaporizhia), one of the largest brewing companies in Ukraine, in 2018 increased its net profit by 1.5 times compared with 2017, to UAH 1.634 billion.
According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its assets amounted to UAH 4.757 billion (6.3% less), retained earnings some UAH 1.643 billion (11% less). The total debtor indebtedness amounted to UAH 648.3 million (20% more), current liabilities some UAH 1.585 billion (5.5% less). The company has no long-term liabilities.
The company plans to pay UAH 1.329 billion in dividends for 2018, the payment term is until October 24, 2019. The rest of the profit will remain at the disposal of Carlsberg Ukraine.
Carlsberg Ukraine is part of Carlsberg Group, one of the leading brewing groups in the world, whose products are sold in more than 150 countries.

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