China expects Ukraine to provide state guarantees for investing $600 million in the construction of a new unit at Sloviansk thermal power plant (TPP, PJSC Donbasenergo), Liu Jun, the adviser for trade and economic issues at the Embassy of China in Ukraine, has said.
“The Chinese side is ready to invest more than $600 million in this project, provided that the Ukrainian side provides state guarantees,” he said in an exclusive interview with Interfax-Ukraine.
Jun recalled that the investment agreement between Dongfang Electric International Corporation (DEIC) and Donbasenergo for the joint implementation of the project was signed in December 2018.
“The construction of the sixth power unit is a new serious potential joint project between Ukraine and China. I am sure that its implementation will bring great benefits for both the Ukrainian people and Chinese enterprises,” he said.
As reported, the contract between DEIC and Donbasenergo provides for the construction of power units Nos. 6A and 6B of 330 MW each at Sloviansk TPP using CFB technology (burning solid fuel in a circulating fluidized bed).
The contract price is $684.296 million. Financing for the reconstruction foresees 70% of funds of a credit from a Chinese bank.
Prime Minister of Ukraine Oleksiy Honcharuk has said he hopes that a large-scale building of roads will start on March 1, 2020.
“Since March 1, a large-scale building [of roads] to start…This year it is necessary to prepare for the most early start of the season. We, in turn, will try to complete all the procedures by this moment,” he said during a press conference Roads UA 2020 in Kyiv on Monday.
He also asked the Antimonopoly Committee of Ukraine (AMCU) to favor this.
“We know that there are certain difficulties, that someone is doing stupid things: disputes every second tender in the Antimonopoly Committee. We ask the Antimonopoly Committee of Ukraine do not accept such a model of behavior. Respond by the quick, honest work,” Honcharuk added.
Ukrainian President Volodymyr Zelensky has not ruled out that gambling licenses could be issued if there is a prospect for building a new hotel or the licenses could be issued at a lower price if a hotel expands the number of rooms. “We have five-star hotels on the market, but they are very small. So far there is no way to make a casino there. We need a test… We want hotels to be built. Perhaps if, for example, it is a boutique hotel, then maybe we will give them licenses, which should cost a little more,” Zelensky said during a press marathon on Thursday.
“If this is a very big brand hotel, we can give a license, while they build a hotel for us,” he added.
The president also said that the proceeds from the sale of licenses should go to sports, medicine or education.
As reported, the Cabinet of Ministers has prepared a bill on the legalization of gambling business, which regulates lotteries, bookmakers, poker, casinos and slot machines. At the same time, the government plans to create a special body – a commission for the development and regulation of gambling, which should be coordinated by the government. At the same time, an online gambling equipment supervision system is provided on the basis of the State Tax Service. At the same time, the bill provides for the identification of players by passport data and identification code.
Mass investment of the public in government and other securities in Ukraine would be possible only in two or three years after building the required market infrastructure, CEO of Freedom Holding Timur Turlov has said, based on the experience of operation in Kazakhstan. “In the next two to three years, we will be focused on building our infrastructure, so that we now have hundreds of thousands of people who will invest in government securities,” he said at the Expert Talk meeting organized by the European Business Association (EBA) on Wednesday.
Turlov expressed the hope that over this period, investors will accumulate experience and confidence in the securities market, and they will increase interest in risks. In his opinion, this will make it possible to bring not only domestic government loan bonds to the market, but also other more risky, but also more profitable tools.
“For the development of the market, big initiative and sufficiently long and significant investments of market players are important for the appearance of infrastructure,” Turlov said. He added that investing in investor education and financial literacy is also needed.
Based on the positive experience of entering the securities market in Kazakhstan, he said that such a retail business could cost billions of U.S. dollars in the next five or seven years, but a long planning horizon is required to build it.
Freedom Holding Corporation is an international financial holding company registered in Nevada (the United States), which shares will start trading on October 15 at NASDAQ.
Shuvar LLC (Lviv), the operator of the eponymous agricultural market, plans to start building second phase of the regional agricultural center with a total area of 26,000 square meters in 2020 sticking to the implementation of a development concept.
According to a posting on the website of the company, the market announced an architecture tender to select the best project for second phase. Architectural shops MarekArciszewski, MAManagement (Warsaw, Poland), Artik Design Bureau LLC (Lviv) and A-III Dmytro Antoniuk LLC (Kyiv) presented their projects.
The projected building will be three-story and includes, in addition to pavilions with different types of agricultural products, a retail gallery with recreation areas and craft products, a food hall with 5-10 restaurants of various cuisines and a single food hall.
The facility will be located on a plot of 20 hectares.
Shuvar LLC was created in 1991.
The participants of the limited liability company, according to the National Commission for Securities and the Stock Market, as of early 2018 were Roman Fedishyn (50.5%), Andriy Chipchar (27%), Liubov Doskoch (9.8%), Liubov Bokalo (9.6%), Natalia Fedishyn (2 , 5%), as well as Shuvar LLC (0.4%). The ultimate beneficiary is Roman Fedishyn.
Azovpromenergo LLC has started building of the second phase of Zofia wind farm with a 300 MW capacity in Yakymivsky district of Zaporizhia region, an announcement on the Environmental Impact Assessment Register’s website says. Within the framework of the project, it is planned to set up nearly 72 wind turbines with a capacity from 4,500 MW and 6,000 MW each. The height of the tower will reach 130 meters, rotor diameter is from 145 meters up to 170 meters depending on producer and a model of equipment. The second phase of the wind farm is to produce about 1.2 million MWh of electric power. Its total capacity is 750 MW.
According to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations of Ukraine, Azovpromenergo belongs to East Renewable Zofia, which also owns LLC Azovinvestprom that in turn deals with the building of the first phase of the wind farm. However, Norway’s NBT has completed the acquisition of 82% of the charter capital of Azovinvestprom.
As reported, the investment agreement on the construction of a wind farm was signed on January 23, 2019r in Davos. The European Bank for Reconstruction and Development (EBRD), the Nordic Environment Finance Corporation (NEFCO), the Black Sea Trade and Development Bank and others also became parties to the agreement. The organizer of the syndicate of investors was JP Morgan.
In April 2018, NBT bought 100% of Syvashenergoprom LLC (operates a wind farm with a capacity of about 3 MW), and early September, an agreement was signed on the implementation of a project to build a 250 MW wind farm in Kherson region (along Syvash Lake) with the leading role of NBT. In the spring of this year, construction of 67 wind turbines will begin.
Both projects in Kherson and Zaporizhia regions are being implemented by NBT together with the French energy company Total-Eren (a subsidiary of Total).
NBT develops wind farms in emerging markets. The company has offices in Oslo (Norway), Limassol (Cyprus), Beijing (China), Singapore, Kyiv (Ukraine) and Karachi (Pakistan). Corporate management and administration is located in Oslo, while the technical functions and procurement are located in Beijing and Singapore.
