The capacity of facilities generating electricity from renewable sources of energy in Ukraine by the end of 2019 could reach 5.473 GW, which is 2.6 times (by 3.356 GW) more than at the end of 2018.
This is evidenced by the presentation posted on the website of the National Commission for Energy, Housing and Utilities Services Regulation (NCER).
Over the year, the total capacity of wind farms will be 1.136 GW (2.1 times more than the amount established at the end of 2018), solar stations some 4.087 GW (three times more), biomass some 140 MW (42.8% more), and small hydroelectric plants some 110 MW (up by 11.1%).
The estimated cost of energy produced from renewable energy sources in the period will double to UAH 28.016 billion.
According to the commission, as of September 10, the total installed capacity of renewable energy facilities was 3.387 GW. Since the beginning of this year, Ukraine has installed 1.27 GW of “green” capacities, which is 1.7 times more than for the whole of 2018.
President of Ukraine Volodymyr Zelensky has called on international business to invest in Ukraine and presented a number of promising projects.
“We have a number of projects to which I, under my personal guarantees, the guarantees of protection, invite foreign businesses. These are energy, infrastructure, transparent land circulation,” he said at the 16th Annual Meeting of the Yalta European Strategy (YES) in Kyiv.
In particular, Zelensky presented a project on land irrigation in the southern regions of the country, an inter-university IT cluster in Kharkiv, a film production center in Kyiv, a new resort on the Black Sea coast in a completely new city, ski resorts in Slavske and Borzhava, the development of Khortytsia island, a large-scale entertainment park for guests from Eastern and Central Europe.
“This is not a complete list of reasons why we invite you to invest in Ukraine,” the president added.
ENERGY, INFRASTRUCTURE, INVEST, PRESIDENT OF UKRAINE, TOURISM
The new UAH 5 coin could be issued this autumn, Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has said.
“Now I am not ready to say when the issue of UAH 5 [coins] will be. But I think it is expected in the autumn,” he told reporters on Thursday.
Earlier, the NBU announced its intention to issue coins with a face value of UAH 5 in 2019, UAH 10 – in 2020.
From October 1, 2019, the NBU will withdraw from circulation coins in denominations of 1, 2, and 5 kopecks. The central bank will gradually withdraw from circulation a coin with a face value of 25 kopecks, but for now it will remain a means of payment.
The volume of purchase of cash currency by the population in August 2019 exceeded the volume of sales by $97 million.
According to the National Bank of Ukraine (NBU), the volume of currency purchase for the second month in a row exceeds the volume of sales, while in June and May Ukrainians sold more currency than they bought.
In general, since the beginning of 2019 the population has sold $56.4 million more currency than bought.
The NBU said that in August compared with July Ukrainians reduced the purchase of foreign currency by 5.1%, to $1.424 billion, sales by 5.7%, to $1.327 billion.
The National Bank of Ukraine (NBU) and the International Monetary Fund (IMF) have begun joint work on a new cooperation program, the NBU press service said on Facebook. According to the report, on September 12 the first meeting of the NBU board with the IMF mission, which arrived in Ukraine, took place.
It was attended by NBU Governor Yakiv Smolii, his first deputy Kateryna Rozhkova and deputy Oleg Churiy, as well as representatives of the IMF mission led by Ron van Rooden.
During the meeting, Smolii emphasized that cooperation with the IMF is extremely important to support macro-financial stability in Ukraine, primarily because it is the key to further reforms in the country, without which a long-term growth of the Ukrainian economy is impossible. Also, cooperation with the IMF provides Ukraine with access to official and private financing.
IMF representatives expressed their intention to continue a constructive dialogue on a new cooperation program, the report said.
ISD Polska, the structure of Industrial Union of Donbas (ISD), has said it considers Metinvest Group as the most acceptable and promising option for the bankrupt Huta Czestochowa still mill in Poland.
ISD Polska Board Chairman Konstanty Litwinow by telephone from Poland on Friday told the Interfax-Ukraine that Metinvest is the most optimal potential investor involved in new proposals in the bankruptcy lawsuit of the Polish metal enterprise.
Litvinov did not specify new circumstances and requirements for potential investors of the steel mill, but noted that Metinvest has long been interested.
“They have long been interested in the enterprise. They visited us, did due diligence, so they have a complete picture of the situation,” he said.
Litwinow said for Metinvest the acquisition of the Polish steel mill is a logical continuation of the chain for the production of metallurgical products, which can be sold on the European market.
“Previously, there was a chain with the Alchevsk Steel Works (currently located in Russia-occupied Donbas). But there were no mining enterprises in the chain, and the coke and chemical division was insufficient. But Metinvest has all this. Therefore, gaining control over this the plant is logical and is the completion of the full metallurgical cycle for the supply of products to the EU,” Litwinow said.
He did not specify whether additional negotiations on this topic were held with Metinvest, but said relevant information was sent to potential investors.
Litvinov said a court decision is expected next week regarding investor Huta Czestochowa, which will mainly determine further actions.
Litvinov said earlier that a potential buyers of Huta Częstochowa is Chinese company Sunningwell International Polska, which offered the company 240 million zlotys (about $60 million). At the same time, there are several more companies that are also interested in the steel mill.
As reported, the ISD signed a purchase agreement for the Huta Czestochowa steel mill in early July 2005.
ISD, founded in 1995, is an integrated holding company that holds shares in metal and mining companies. It incorporates Alchevsk Steel Works, Dzerzhynsky Dniprovsky Steel Works, Dunaferr and ISD-Huta Czestochowa.
