Business news from Ukraine

Business news from Ukraine

UKRAINE WANTS TO STUDY ISRAEL’S EXPERIENCE OF SUPPORTING TECHNOLOGICAL DEVELOPMENT

Ukraine’s Prime Minister Denys Shmyhal and Israeli President Isaac Herzog met in Kyiv to discuss cooperation in trade, science and technology, and medicine, the Ukrainian government’s press service said on Tuesday.
Shmyhal told Herzog of the projects to create and upgrade irrigation systems in southern Ukraine and invited Israeli companies to take part in their implementation, the service said.
Science and technology is one of the promising areas of cooperation between the two countries, the prime minister said.
Also, Ukraine is keen on sharing experience and to study the Israeli government’s support for the development of new technologies, commercialization of scientific research, creation of startups, and encouragement of investment in scientific research, he said.
“We are also interested in broadening our cooperation on information and latest technologies and implementing joint promising projects in this sphere,” Shmyhal said.
With regard to medical and pharmaceutical cooperation, he said: “Given the significant experience gained by Israel in this sphere, Ukraine is interested in sharing information on psychological rehabilitation of war veterans and combatants, introducing cooperation in the sphere of providing the disabled with rehabilitation services.”
For his part, Herzog reaffirmed his readiness to cooperate on new technologies, adding that the new government of Israel is ready to intensify cooperation with Ukraine in a variety of sectors, the press service said.

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UKRHYDROENERGO WANTS TO ATTRACT PARTNERS WITH EXPERIENCE TO EXTEND OPERATING LIVES OF HYDROELECTRIC FACILITIES

Ukrhydroenergo by the end of this year seeks to hold a tender to attract a partner with experience of extending operating lives of hydroelectric facilities, Ukrhydroenergo CEO Ihor Syrota said at a press conference in Vyshgorod (Kyiv region). “The scientific and technical panel would soon determine the terms of reference: what research and works should be carried out to make decisions on extension of operating lives of hydroelectric facilities. After receiving the terms of reference we will hold a tender to select persons who have the respective experience. It is likely that they would be foreigners. There might be a Ukrainian company, but with the involvement of foreign experienced experts,” he said.
Syrota said that the projected operating life of hydroelectric facilities of Ukrainian hydroelectric power plants (HPPs) is 100 years. For the Dnipro HPP it would expire in 15 years and for the rest of the plants – later. “However, we start working on the issue of the extension of the operating lives now,” he said. He said that Ukraine need to design a core document regulating the extension of operating lives of hydroelectric facilities and have approved it by the Cabinet of Ministers or the Energy and Coal Industry Ministry.
Ukrhydroenergo operates all large hydroelectric power stations located in the Ukrainian sections of the Dnipro and Dniester rivers. The total installed capacity of the company’s hydroelectric power plants is 5,748 MW. The state represented by the Ministry of Energy and Coal Industry fully owns the company’s shares.

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