Zakhidnyi Buh PE will build a processing complex for processing soft and durum wheat into flour with a capacity of more than 75 thousand tons per year, Volodymyr Boichuk, the company’s project manager for the Mill and Pasta Factory, said on Facebook.
“This will be the first project of this scale in Ukraine to process durum wheat, which we will launch in 2025. The design capacity of the mills will be more than 75 thousand tons per year. This will make it possible to produce high-quality bakery flour and cereals for pasta production,” he said, adding that preparatory work has already been completed.
At full capacity, the pasta factory is expected to produce about 50,000 tons of various products per year, including traditional pasta of various shapes and instant pasta. The assortment will include more than 50 products.
Zakhidnyi Buh PE was founded in 2003. It cultivates about 65 thousand hectares in Chernivtsi, Ternopil, Volyn and Lviv regions. The company specializes in growing grain and industrial crops, producing and selling seeds, and provides services of elevators and an agrochemical laboratory.
It consists of 10 agricultural divisions, three elevators with a simultaneous storage capacity of 88 thousand tons, a seed plant with a capacity of 200 tons per day, an agrochemical laboratory that provides soil and water analysis services, etc.
The beneficiaries of the agricultural holding are Oksana Drul, Valeriy Ovcharuk and Yuriy Gladun.
According to the Opendatabot index, in 2024, Zakhidnyi Buh PE entered the Top 10 most profitable agricultural companies in Ukraine. It accounted for 5.9% of the top ten’s revenue. It is specified that in 2023, the agricultural holding’s revenue amounted to UAH 86.57 billion.
Kryvyi Rih Cement plans to build 24 MW of power generation, the founder of Concorde Capital, Igor Mazepa, said on Facebook.
“We are currently building an independent power generation facility at Kryvyi Rih Cement. We need to generate 24 MW of power. This will be enough to keep the plant running smoothly,” he wrote.
According to him, the project will cost about $15 million, with a payback period of three to four years.
According to Mazepa, “This is a necessary measure to keep the business from stopping. In general, I see the prospect of investing in energy projects. Therefore, in the short term, we will build 40 MW of storage capacity, which will be balancing in the energy market. We see a good ROI of up to 30% depending on the market scenario.”
“Kryvyi Rih Cement (formerly Heidelberg Cement Ukraine) produces construction materials in three areas: cement, concrete, and granite crushed stone. On May 14, 2019, Cypriot Overin Limited, which is affiliated with Concorde Capital, became the owner of the dominant controlling stake in the company.
BUILD, CONCORDE CAPITAL, Kryvyi Rih Cement, power generation - founder
DTEK Energy Holding, through its EU-focused subsidiary DRI, has signed an agreement with Polish company Columbus Energy to build a 133 MW energy storage system in southern Poland.
“On March 27, DRI signed a definitive binding share purchase agreement with Polish company Columbus Energy, which will give it the right to build a 133 MW battery storage facility in southern Poland, subject to permits,” DTEK said in a release on its website on Wednesday.
DTEK notes that this is the largest energy storage system (ESS) project in Poland, and the agreement is its first major infrastructure investment in the country and a key element in the company’s plan to create a pan-European energy system uniting Ukraine and the EU. DTEK’s goal is to create a 5 GW portfolio of renewable energy projects in Europe by 2030 through DRI.
The acquisition of the 133 MW SPP project makes DTEK Group one of the first companies to develop this technology on a large scale in Poland, the release said.
DRI expects to close the deal with Columbus in the coming months and start construction of the facility in Q4 2024 to complete it and put it into operation in early 2026. The project is committed to providing energy capacity to the Polish market for 17 years (from 2027).
“Today’s signing marks an exciting moment in Europe’s quest to move beyond fossil fuels. This project will not only provide vital flexibility on Poland’s path to a renewable future, but will also be an important achievement for Central and Eastern Europe in demonstrating how battery storage can be successfully developed. DTEK’s investments in the country are a crucial step towards the integration of the energy systems of Ukraine and Poland,” said Maxim Timchenko, CEO of DTEK Group, as quoted in the release.
According to Krzysztof Kokhanowski, Vice President of the Board and CEO of PIME, the largest association in the energy storage industry in Poland, it is gratifying to see international energy players like DTEK investing in the Polish battery market through its EU subsidiary.
“Poland is one of the leaders in the European Union in the production of batteries and battery cells, and in the next 5 years it will be one of the leaders in the construction of energy storage facilities based on battery technology. The construction of this new facility will certainly contribute to our country’s efforts,” he said.
According to the release, Poland currently uses 30 GW of coal and natural gas-fired power to balance its energy system, which is increasingly using renewable energy sources and shifting from centralized to distributed generation. The batteries will help to ensure the grid’s performance and provide the power system with a reliable mechanism for balancing the unstable nature of renewable energy.
As reported, DTEK Group implemented a 1 MW pilot project in Enerhodar in 2021, before Russia’s full-scale invasion of Ukraine. It is now under occupation. In early 2024, DRI launched its first projects in Europe: in Romania, the 60 MW Ruginoasa wind farm and the 53 MW Glodeni solar power plant. It also intends to develop renewable energy in Romania, Italy, and Croatia.
Romania has signed an agreement with a consortium of concessionaires Avant Airports and Avtomagistral-Pivden to build a new airport near Bucharest, the company’s press service told Interfax-Ukraine.
The new airport may be built on the site of a decommissioned military airfield in the town of Alexene, 66 km from Bucharest, and will be an alternative to the airport in Otopeni. It will be able to handle all categories of cargo, accept wide-body, long-haul aircraft such as Boeing 777 or Airbus A330, create conditions for attracting low-cost airlines, and specialize in aircraft maintenance.
“We see Aleksene Airport as a state-of-the-art aviation hub and a driver of economic growth both for the Ialomita region and Romania as a whole. In Ukraine, our company has participated in the reconstruction of airports in Mykolaiv, Kherson, and Odesa. In Romania, we are completing the reconstruction of the Satu Mare airport runway, and now we have the opportunity to participate in what is probably the largest and most ambitious infrastructure project in Romania. Our victory in the tender is evidence of the trust in the company on the part of Romanian partners. If we manage to attract investment and implement the project, it will help us open the EU market,” said Mykola Tymofeev, CEO of Avtomagistral-Pivden.
The concept of the future airport will include a passenger terminal with an area of 30 thousand square meters, capable of handling 6.5 million passengers annually, as well as a cargo terminal of 20 thousand square meters to handle more than 10 thousand tons of cargo per year. The project’s facilities also include a 30,000-square-meter aircraft repair and maintenance facility, an aviation academy, fuel stations, customs, and a photovoltaic park designed to ensure the airport’s energy independence.
The project developer, Avant Airports, notes that it has attracted a team of the best civil aviation experts from more than 15 countries to develop the project. “Avtomagistral-Pivden will be responsible for the execution of the work.
During the signing of the concession agreement with the local community, the Jalomica region, Avant Airports co-founder Mircea Tudor noted that the company plans to build the world’s first passive airport and certify it according to BREEAM.
Alexene Airport will be Romania’s first private airport. Only the first stage has been completed, with a concession agreement signed with the local community. Now the developer can begin the process of attracting investments, which are estimated at EUR 400 million. The project will take four years to complete.
Avtomagistral-Pivden LLC has been on the market since 2004. It designs and builds highways, bridges, interchanges, airfield complexes, and hydraulic structures. The company’s owner is listed in Opendatabot as Oleksandr Boyko. According to the financial results for 2023, the company’s net profit amounted to UAH 624.9 million, and revenue was UAH 8.215 billion.
Businessman Igor Liski has announced the construction of a $240 million window glass plant in Kyiv region.
“I can now officially announce our new super-ambitious project, which we have been developing for over a year,” Liski wrote on Facebook.
Liski told The Wall Street Journal that he plans to invest about $80 million in the project. According to him, raising project financing is the main challenge when launching a project.
Liski is the owner of the investment holding EFI Group (Effective Investments). His investment areas include healthcare and medtech, paper, food, and woodworking industries, and agricultural supplies.
The company’s businesses include Feednova, an animal fats and feed additives producer, Medical Star healthcare network, Zhytomyr Cardboard Mill, Sam Ecopack, a cardboard packaging manufacturer, Forest Technology, an agricultural products supplier, Efi Agro, and Doc.ua, an online medical hub.
Prime Minister of Ukraine Denys Shmyhal says that German construction materials company Fixit has received investment insurance from the German government to build a second plant in Ukraine.
“We want German business to invest in Ukraine, to invest in recovery, and within the framework of the forum we are signing important documents… The building materials company Fixit will build a second plant in Ukraine and will receive investment insurance from the German government for this purpose, which will be signed here on the sidelines of the business conference,” Shmyhal said at a press conference at the sixth German-Ukrainian Economic Forum in Berlin on Tuesday.
According to the prime minister, Fixit will also receive a EUR12 million loan from the German bank KfW. “This is a very important and significant project,” he emphasized.
BUILD, CONSTRUCTION MATERIAL, Fixit, GERMANY, INSURANCE, PLANT
