JSC “Ukrzaliznytsia” (UZ) has created a separate legal entity – “UZ Energo” LLC, which will be engaged in the construction of gas-fired power plants. construction gas-fired power plants with a total capacity of up to 250 MW in the regions, the company’s press service reported.
“A decision has been made to construction of dozens of gas-fired power plants with a total capacity of up to 250 MW. As of today, Ukrzaliznytsia is holding active negotiations with suppliers and international financial organizations for the rapid implementation of this project,” the press release quoted Yevgeniy Lyashchenko, head of the UZ board, as saying.
According to the press release, UZ Energo will be 100% owned by Ukrzaliznytsia through Sales Energy Ltd, which is also owned by UZ.
Lyashchenko reminded that UZ is among the top 5 largest distribution companies in Ukraine in terms of network length and volumes of electricity flow.
The report says that UZ, as one of the largest consumers of electricity in Ukraine, is experiencing a significant deficit in its supply on an equal footing with everyone else. The introduced limits for electricity consumption cover the real needs of the company only by 75%.
They pointed out that with the approach of the fall-winter period, the increasing deficit in electricity supply may affect the uninterrupted movement of trains and adversely affect the provision of public services for household consumers. “UZ” is also the operator of water supply distribution for a number of consumers.
According to the report, gas-fired power plants will first of all be installed in regional centers and connected to the company’s networks, from which are powered railway transport facilities, social sphere, as well as critical infrastructure facilities of other sectors of the economy.
The volume of completed construction works in Ukraine in January-March 2024 increased by 56.7% compared to the same period of 2023 – up to 35.5 billion UAH, according to the data of the State Statistics Service (Gosstat).
In March-2024, the index of construction products exceeded the index of March-2023 by 69.3%, and the previous month – by 92.3%, notes the State Statistics Service.
As reported by the State Statistics Service, in January-March 2024 to the same period of 2023, the growth in the volume of
construction was observed in all segments. Thus, in residential construction growth amounted to 39.2%, in non-residential – 49%, in engineering – 66%.
According to seasonally adjusted data of the department, the indexes of construction output in March-2024 in residential construction amounted to 55.9%, in non-residential construction – 105.5%, in engineering – 193.4%, and taking into account the effect of calendar days, the indicators are 52.1%, 82.6% and 148.6% respectively.
The proportion of new construction to the total volume of completed construction works in the first quarter amounted to 46.7%, repair – 25%, reconstruction and technical re-equipment – 28.3%.
The State Statistics Committee notes that the publication of data was postponed due to martial law. Statdata indicators are given without taking into account the temporarily occupied territory and the part of the territory where hostilities are (were) conducted.
KAN Development will invest about $80 mln in the construction of two schools in Kiev. construction two schools designed for more than 2,000 pupils in total, Igor Nikonov, founder of the KAN Development development company, told Interfax-Ukraine news agency.
“We fulfill our social obligations to the residents of the Republic Residential Complex. Here will be the largest educational institution in our A+ network. The building of 25 thousand square meters will house Respublika STEAM І-ІІІІ school and A+STEAM kindergarten. We will strive to launch it already by September 1, 2026,” Nikonov said during the official start of the construction of the construction work on Monday.
The building, designed by archimatika, will be located on a 3.3-hectare plot of land and will consist of four separate educational blocks: kindergarten, elementary, middle and high school – united by a large 80×18-meter column-free central atrium with an amphitheater in the center.
According to Nikonov, the investment in launching the school (construction and equipment) is estimated at about $40 million.
In parallel, work is underway on another school, on McCain St., a project that went to KAN Development six months ago. “Historically, there were commitments by another company to build an American school there, but due to the war this project was stopped. We have now finalized its concept. There will be IT direction, from the first grade to 12,” Nikonov said.
Architectural workshop “A. Pashenko” is working on the project. The area of the building is about 26 thousand square meters. m. The school is also designed for about 1 thousand pupils. The volume of investments is $40 million.
“On the basis of this school we want to make a small university. For this purpose we have already allocated the premises, about 3 thousand square meters. m. Our goal is to provide in our A+ network continuous quality education up to 23 years of age, from kindergarten to getting a profession,” Nikonov said.
This school, too, is scheduled to open on September 1, 2026, but Nikonov said Respublika STEAM is a priority. “We’re all dependent on financial issues. We definitely have funds reserved for schools, but the STEAM school is more important because it is our commitment to the residents of the LCD,” he said.
He added that great attention is paid to ensuring safety: all 11 institutions of the A+ network will be provided with shelters. In schools under construction they are included in the projects, in existing schools they are adapted, if the existing solutions allow, or separate ones are built. In particular, two new shelters are being built for existing schools – for the elementary school in “Republic” and for the school in “Comfort Town”. The budget of each of the projects is UAH 70 mln.
KAN Development was established in 2001. The company’s portfolio includes Ocean Plaza, Respublika Park, Tetris Hall, Central Park, Comfort Town, Faina Town, Respublika, IQ Business Center and 101 Tower. For more than 20 years on the market, KAN Development has developed more than 3 million square meters of residential, retail and commercial real estate. The company is also actively developing its own network of “A+” educational institutions.
The World Bank Group’s IFC plans to mobilize about $345 million to build a new 350 MW wind power capacity in Ukraine, the corporation said on its website on Wednesday.
The report said the initiative was presented among other initiatives aimed at supporting Ukraine at the URC-2024 recovery conference in Berlin.
Now these projects, which are planned to be implemented in order to improve energy security and support further development of renewable energy in Ukraine, are undergoing due diligence and awaiting approval by the IFC management and Board of Directors, the corporation specified.
As reported, at URC-2024, Knud Rissel, commercial director of the German company Notus Energy, said that it is engaged in the implementation of a 300 MW WPP project in the Odessa region, the first phase of which will be 120 MW.
“We already have all the permits, in particular those related to land. Banks are supporting us, although they are taking a risk by supporting us. But we are all ready to work even under martial law,” he said.
According to Rissel, the company also signed some agreements on the project realization at this conference.
In 2025, the beneficiary of Dragon Capital Investments Limited, Tomas Fiala, will start construction of a new plant for the production of Truskavetska mineral water in Lviv region with a capacity of 1 million bottles per day, which will allow Truskavetska to approach the capacity of the market leader Morshynska and overtake Karpatska Dzherelna, Forbes Ukraine reports.
According to the report, the investment company Fiala is already designing a new plant for the production of Truskavetska. Prior to that, it acquired two existing producers of this brand. The reason for the construction of the new plant is the inability to increase the existing capacity.
The new mineral water plant will be located on the territory of the Bobernia tract, next to the Solonytsia River, which flows into the Truskavets Reservoir. The plant will occupy an area of 20 hectares, but the final size of the site will depend on the results of the design. The production will be located near the Truskavets Ring Road.
“It’s good for logistics,” Fiala said, adding that the Aqua-Eco plant, which is already owned by Dragon Capital, is located nearby.
The company does not disclose the amount of future investments. “They amount to more than EUR35 million in the plant,” said Andriy Kulchynsky, mayor of Truskavets.
According to Serhiy Ustenko, owner of Carpathian Mineral Waters, the amount will be more modest – about EUR20 million.
For the company, such an investment is very significant, as the total revenue of Aqua-Eco LLC and Firm T.S.B. LLC in 2023 amounted to UAH 487.9 million. At the same time, only Firm T.S.B. LLC made a net profit of – UAH 6.7 million, the publication cited data from the YouControl service.
The company with foreign direct investment, Aqua-Eco LLC, is engaged in bottling mineral table water under the brands Truskavetska Aqua-Eco, Truskavetska Kryshtaleva, and Truskavetska Zapovedna. Since 1827, Truskavetska natural mineral water has been produced from the wells of the landscape reserve in the resort of Truskavets, Lviv region.
As reported, in August 2021, the Antimonopoly Committee of Ukraine (AMCU) allowed Dragon Capital Investments Limited (Nicosia, Cyprus) to buy Frolovia Limited (Nicosia, Cyprus), which owns the Truskavets Mineral Water Plant (Aqua-Eco LLC) in Ukraine, which bottles mineral water under the Truskavetska brand.
According to the website of IDS Borjomi Ukraine, as of August 2021, the group of companies included the Morshyn Mineral Water Plant Oscar and Truskavets Mineral Water Plant (both in Lviv region), Myrhorod Mineral Water Plant (Poltava region), IDS Aqua Service distribution company, and the Holoprystan Plant of Nova Kom (Kherson region).
Dragon Capital Investments Limited is a part of the Dragon Capital group of companies, the ultimate beneficiary of which is businessman Tomas Fiala.
Dragon Capital is one of the largest investment groups in Ukraine in the field of investment and financial services, providing a full range of investment banking and brokerage services, private equity, asset management for institutional, corporate and private clients. The company was founded in 2000 in Kyiv. One of Dragon Capital’s key business areas is real estate investments.
CONSTRUCTION, DRAGON CAPITAL, LVIV REGION, PLANT, Truskavetska
At a meeting on Friday, the Cabinet of Ministers decided to compensate up to 50% of the cost of restoring and building reclamation systems for water user organizations, the Ministry of Agrarian Policy and Food reported.
According to Resolution No. 628 “On Amendments to the Procedure for the Use of Funds Provided in the State Budget for Providing State Support to Agricultural Producers Using Reclaimed Land and Water User Organizations” developed by the Ministry of Agrarian Policy, farmers using reclaimed land can receive compensation for the reconstruction and modernization of existing or construction of new reclamation systems, as well as for the restoration of pumping stations.
The amount of assistance for farmers will not exceed UAH 26.5 thousand per 1 hectare of cultivated land subject to hydraulic reclamation, excluding the cost of sprinklers.
The budgetary subsidy is provided for the works and reclamation systems commissioned for the period from November 1, 2023 to October 31, 2024.
The Ministry of Agrarian Policy clarified that farmers will submit applications for budgetary funds and documents for it through the State Agrarian Register. The Ministry will announce the start of the application process later.
