Business news from Ukraine

Business news from Ukraine

FUHRLANDER STARTS WIND FARM CONSTRUCTION

The Wind Parks of Ukraine Group has started building a wind farm near Kramatorsk (Donetsk region). Atomwind-Kramatorsk LLC is the customer of the project.
MP Maxim Efimov wrote on his Facebook page that on January 19, 2019 the concrete casting of foundation was started for the first wind unit.
At the end of 2018, PJSC Energomashspetsstal (Kramatorsk) made a nacelle of 43.5 tonnes. In January 2019, its processing was completed by Kramatorsk Heavy Tool-Building Plant (KZTS).
This year it is planned to install three wind units made by Fuhrlander Windtechnology (Kramatorsk) with a power handling capacity of 4.5 MW and 4.8 MW. It will take three years to build the wind farm with 15 wind units.
Energomashspetsstal in 2019 plans to produce 15 rotor drive shafts for wind farms with a capacity of 4.5 MW.
Fuhrlander Windtechnology is the sole producer of modern wind units in Ukraine. The beneficiaries of the company are the co-owner of ISD Corporation Oleh Mkrtchan and MP Efimov (Petro Poroshenko Block parliamentary faction).

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CONSTRUCTION OF NEW HOTEL AT BORYSPIL INTERNATIONAL AIRPORT TO BEGIN IN SPRING

The construction of a hotel at Boryspil International Airport will begin this spring, and a total of four hotels can be built at the airport, director general of the airport Pavlo Riabikin has said in an interview with the Interfax-Ukraine news agency.
“We have issued technical conditions for connecting to networks for two objects that are positioned as hotels. Private investors are building them. Two more companies are interested. Therefore, we consider four potential hotels. Construction work at one of them will start this spring,” he said.
According to the airport’s director, if construction companies successfully implement their plans, about 200 rooms could appear at the airport, which will allow to cover the basic demand.
Riabikin also noted that he had not heard “any well-known names from the point of view of hotel business operators,” but he connects this with the fact that the operators themselves do not build housing but manage.

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BLACK SEA TRADE AND DEVELOPMENT BANK MULLING FINANCING OF CONSTRUCTION WIND FARM IN UKRAINE

The Black Sea Trade and Development Bank (BSTDB) is considering a possibility of participation in financing of construction of a wind farm in Kherson region with an installed capacity of 250 MW by SyvashEnergoProm LLC, a subsidiary of Norway’s NBT, the bank has reported on its website.
The sum of financing is not specified.
As reported, early September 2018, an agreement on the implementation of an international investment project to build a complex of wind farms in Kherson region with NBT to play the leading role in the project was signed. The wind farm would allow satisfying almost the half of the needs in electricity in Kherson region. According to the project, by the end of next year 67 wind turbines will be installed along the coast of the Syvash Lake. Total investment under the agreement is almost $450 million.
The European Bank for Reconstruction and Development (EBRD) will consider a loan worth up to EUR 150 million for SyvashEnergoProm LLC for the construction of the wind farm, of which up to EUR 75 million would be funded from the EBRD resources and the remainder would be syndicated in a B-loan structure to eligible institutions.
NBT acquired SyvashEnergoProm in Kherson, Ukraine in April 2018. The plan is to construct a wind farm with installed capacity in the range of 250–330 MW, the company said.
In 2006, Kherson Regional State Administration transferred the unfinished Syvash wind power plant to concession to SyvashEnergoProm until 2055.

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GRAIN COMPANY NIBULON TO INVEST $19 MLN IN RIVER TERMINAL CONSTRUCTION

Nibulon will invest $19 million in construction of a river transshipment terminal in Ternivka (Zaporizhia region).
According to a posting on the company’s website, the launch of the terminal is scheduled for June 2019.
Along with the terminal, the project envisages construction of a berth of over 3 km long and dredging works on the Ploska Osokorivka River.
The company said that the terminal will hire 120 employees and will pay over UAH 2.7 million of taxes to the local budget a year.
The terminal will be third for the company in Zaporizhia region.
Nibulon was established in 1991. It is one of the largest operators in the grain market of the country. Nibulon cultivates 83,000 hectares. It exports agricultural products to more than 60 countries of the world. The annual export volume exceeds 4.5 million tonnes.

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