Business news from Ukraine

Business news from Ukraine

UKRTRANSGAZ CREATES BRANCH TO MANAGE UNDERGROUND GAS STORAGE FACILITIES

JSC Ukrtransgaz has created a new branch – Operator of Ukrainian Gas Storage Facilities, which will be responsible for the provision of gas storage services and operation of underground gas storage facilities.
The company said in a press release that the branch would consolidate all assets, processes and employees required for the provision of gas storage services. It is planned that the branch will start operating at a full capacity from January 1, 2019. The branch will function as a structural unit of Ukrtransgaz, without establishing a separate legal entity.
Ukrtransgaz is conducting preparatory work on the legal and organizational design of the operation of the branch, the redistribution of production and business processes, an inventory of existing assets and the transfer to the new branch of more than 1,700 specialists who support the operation of Ukrainian underground gas storage facilities.
“The creation of the operator is a consistent step towards the qualitative completion of the unbundling process, as a result of which the operator of Ukraine’s GTS [gas transmission system] will be finally separated from Ukrtransgaz after the current transit contract with Gazprom terminates,” Ukrtransgaz President Andriy Khomenko said.
Ukrtransgaz, a wholly owned subsidiary of Naftogaz Ukrainy, operates Ukraine’s gas transmission system and 12 underground gas storage facilities with 31 billion cubic meters of capacity.

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LVIV AIRPORT HAS 46% RISE IN PASSENGER TRAFFIC

The Lviv international airport in January-October 2018 saw a 46.3% rise in passenger traffic, to 1.343 million people, the airport has reported on its official Facebook page.
According to the airport, in October 2018, 138,500 passengers took advantage of air transportation (119,900 international, and 18,600 domestic), which is 43.4% more than in October 2017 (96,600).
The number of flights made in October reached 1,355 (1,117 international, and 238 domestic), which is 28% more than in October last year (1,101).
The number of flights in January-October increased 28%, to 12,900 from 10,100.
The new terminal complex of the Lviv airport, built for Euro 2012, was put into operation on April 12, 2012. The new terminal with a total area of 39,000 square meters has nine boarding gates, 28 check-in desks, two self-registration kiosks, 18 passport control points and 12 points for aviation security.
The main international routes served by the airport are: Warsaw, Istanbul, Munich, Vienna, Baku, Thessaloniki, Madrid, Rome, Tel Aviv, Bologna, Radom, Iraklion, Minsk and Burgas.

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UDP RENEWABLES COMMISSIONS SECOND SOLAR PLANT, INVESTS $18 MLN

UDP Renewables, responsible for the development of projects in the field of renewable energy of UFuture Investment Group belonging to businessman Vasyl Khmelnytsky, has commissioned the 18.3 MW Free-Energy-Henichesk solar power station (Kherson region). According to the press service of the company, investment in the plant construction amounted to $18 million. The planned annual volume of electricity generation is 23,500 MWh, which will allow providing 9,000 households with energy.
During the construction of the plant, some 65,340 JinkoSolar panels were used, while additional goods and services were purchased from Ukrainian suppliers. Ukrgasbank acted as a financial partner of the project, KNESS group of companies was the general contractor, the company noted.
“We continue to develop in the “green” energy sector, as this is one of the most interesting areas of business in Ukraine today. Over the past year, the solar plants’ capacity in our country has almost doubled, but we still have room to grow compared to Europe, where the share of renewable energy averages 8.5%,” the press service said citing founder of UFuture Investment Group Vasyl Khmelnytsky.
The company also noted that UDP Renewables’ development strategy provides for the implementation of energy projects with a total capacity of 200 MW in the southern regions of Ukraine in 2018-2019.
Free-Energy-Henichesk solar plant is the second realized project of UDP Renewables, which currently also manages 6 MW Dymer solar plant-1 (Kyiv region).
UFuture Investment Group, headquartered in Brussels, was established in autumn 2017 and united the business projects of Vasyl Khmelnytsky. The group includes the Ukrainian development company UDP, whose specialization is the implementation of large infrastructure projects. In addition, the conglomerate united businesses in such areas as UDP Renewables, the Bila Tserkva industrial park, the innovation parks UNIT.City, and LvivTech.City.

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