Norway is considering the possibility of expanding investments in the energy sector of Ukraine, Norwegian Foreign Minister Ine Eriksen Soreide has said. “We will continue to provide support for energy efficiency, reforms, our dialogue with Naftogaz, corporate governance … We are also looking at how we can expand this support,” she said at the second international Ukraine Reform Conference, held in Copenhagen (Denmark). She noted that Ukraine’s reform efforts in recent years have stimulated a flow of investment in the energy sector of Ukraine, in particular, in renewable energy.
However, we would like to see more investment between Ukraine and Norway in both directions, she added, stressing that investments are possible as a result of effective structural reforms.
A truly independent Anti-Corruption Court will only become a catalyst for private investment, she said.
At the same time, the official said that even pre-election moods should not prevent Ukraine from realizing its goals, so that the expectations of Western partners remain at a high level.
UDP (Kyiv) from the UFuture investment group has arranged a joint project to expand Dymerka solar power plant (Kyiv region) from 6 MW to 57.6 MW with Spain’s ACCIONA Energia Global, the press service of UDP reported on Friday.
“The first project of the Spanish energy giant on the Ukrainian m
arket will be the development of the second, third and fourth stages of the Dymerka solar power plant in Kyiv region with a total peak capacity of 57.6 MW. The first phase of this plant was commissioned by UDP Renewables in the summer of 2017. The total volume of foreign direct investment only in this project is EUR 54.7 million,” UDP said.
The founder of UFuture Vasyl Khmelnytsky said that the launch of the Dymerka solar power plant at a full capacity is scheduled for the first quarter of 2019.
“I believe that this example would stir up the process of attracting investment and the global expertise, which is also important,” UDP reported, citing Khmelnytsky.
ACCIONA Energia CEO Rafael Mateo said that the Spanish company starts its operations in the renewable energy sphere in Ukraine with support of the European Bank for Reconstruction and Development (EBRD).
The UDP said that they arranged with Acciona Energia Global to work together on a broad portfolio of investment projects in both solar and wind energy in the Ukrainian market.
As reported, the first stage of the solar power plant in the village of Velyka Dymerka (Kyiv region) with a capacity of 6 MW was registered for Dymerka solar power plant-1 LLC. The company belongs to the majority shareholder of the UDP development company Vasyl Khmelnytsky.
ACCIONA Energia Global from ACCIONA Group headquartered in Madrid is a global leader in renewable energy with 25 years of experience.
UFuture investment group is a leading business group in Ukraine. It incorporates UDP, the Sikorsky Kyiv airport (Zhuliany), RTM national outdoor advertiser, Bila Tserkva industrial park, UNIT.City and LvivTech.City innovative parks, Biopharma pharmaceutical company and UDP Renewables. UFuture is headquartered in Brussels and its head office is located in Kyiv
UDP Renewables is a Ukrainian developing company in the renewable energy sphere.
UDP (Kyiv) has arranged a joint project to expand Dymerka solar power plant (Kyiv region) from 6 MW to 57.6 MW with Spain’s Acciona Energia Global, the press service of UDP has reported. “The first project of the Spanish energy giant on the Ukrainian market will be the development of the second, third and fourth stages of the Dymerka solar power plant in Kyiv region with a total peak capacity of 57.6 MW. The first phase of this plant was commissioned by UDP Renewables in the summer of 2017. The total volume of foreign direct investment only in this project is EUR 54.7 million,” UDP said.
The launch of the Dymerka solar power plant at a full capacity is scheduled for the first quarter of 2019.
The UDP said that they arranged with Acciona Energia Global to work together on a broad portfolio of investment projects in both solar and wind energy in the Ukrainian market.
As reported, the first stage of the solar power plant in the village of Velyka Dymerka (Kyiv region) with a capacity of 6 MW was registered for Dymerka solar power plant-1 LLC. The company belongs to the majority shareholder of the UDP development company Vasyl Khmelnytsky.
ACCIONA ENERGIA GLOBAL, BUILD, INVEST, JOINT PROJECT, KYIV REGION, POWER PLANT, UDP
Danish investor Hans Olesen plans to build a mink farm in Zhytomyr region, according to the website of the regional state administration. According to the report, the memorandum on cooperation was signed by the investor and Head of Zhytomyr Regional State Administration Ihor Hundych on May 30, 2018. “The investment project envisages the construction of a mink farm in Korostyshiv district for 5,000 animals. Within five years, the investor plans to expand the farm by 10,000 animals. The amount of investments is EUR800,000,”the report says.
In addition, the investor plans to develop the social sphere and social facilities of the district.
The farm will provide ten jobs during construction and 30 jobs during operation.
President of Ukraine Petro Poroshenko at a meeting with Chief Executive Officer of DP World Sultan Ahmed Bin Sulayem has discussed the prospects of investing in Ukraine.
According to the presidential press service, Poroshenko noted the participation of the DP World official in a meeting of the National Investment Council and thanked him for his efforts to improve the investment climate in Ukraine.
The head of state noted the importance of increasing opportunities for investment in Ukraine and invited DP World to invest not only in the development of port infrastructure facilities.
In addition, the parties discussed the company’s plans to participate in the privatization program in Ukraine and continue investing in the state economy in the field of railway transport and agriculture.
Sultan Ahmed Bin Sulayem, in turn, thanked the president of Ukraine for the opportunity to participate in the meeting of the National Investment Council, noting the benefits of such meetings for business representatives.
DP World is one of the world’s largest port operators.
Myronivsky Hliboproduct (MHP) plans to invest over $250 million in 2018 in the launch of the second line at Vinnytsia poultry farm, a biogas complex in Vinnytsia and modernization of existing production facilitiles.
“Total investment this year would be over $250 million. Some $160-170 million will be sent to launch the second line of Vinnytsia poultry farm in a month and a half, near $20 million – to build the second biogas complex in Vinnytsia. The rest of the investment will be sent to modernize existing production facilities,” MHP CFO Viktoria Kapeliushna told Interfax-Ukraine.
According to her, now MHP is considering proposals for the purchase of new assets in several countries.
“The other day the Commercial Court of Rennes (France) decided to satisfy the proposal to buy French Doux – not ours, but of a consortium represented by the French manufacturer LDC and the company from Saudi Arabia Al-Munajem .It is not a matter of selling the company, but selling assets. We were in the process and we saw how things were going. We are still monitoring the European market, the Middle East market, but we are not yet ready to make statements. We are considering proposals in several countries,” the CFO said.
The board’s plans for appointment Roberto Banfi, who previously was in charge of the Middle East region in a large Brazilian company BRF, to the position of director in the middle of June are related to the interest of MHP in the markets of this region.
“The Middle East is interesting. We see growth potential in the markets of this region both for small carcasses, quarters and for processed products. The trade and distribution company has been operating in the UAE for over a year,” Kapeliushna said.
She said that in 2018, as for EBITDA the agroholding intends to reach the level of 2017, possibly 5% higher. As MHP expects, the driver will be the increase in production volume associated with the launch of the second line of the Vinnytsia poultry farm.
MHP is the largest poultry producer in Ukraine. It is also engaged in production of grains, sunflower oil, and meat.
The company supplies cooled halved carcasses of hens to the European market. They are processed there, including at its enterprises in the Netherlands and Slovakia.
