Kryvyi Rih Cement plans to build 24 MW of power generation, the founder of Concorde Capital, Igor Mazepa, said on Facebook.
“We are currently building an independent power generation facility at Kryvyi Rih Cement. We need to generate 24 MW of power. This will be enough to keep the plant running smoothly,” he wrote.
According to him, the project will cost about $15 million, with a payback period of three to four years.
According to Mazepa, “This is a necessary measure to keep the business from stopping. In general, I see the prospect of investing in energy projects. Therefore, in the short term, we will build 40 MW of storage capacity, which will be balancing in the energy market. We see a good ROI of up to 30% depending on the market scenario.”
“Kryvyi Rih Cement (formerly Heidelberg Cement Ukraine) produces construction materials in three areas: cement, concrete, and granite crushed stone. On May 14, 2019, Cypriot Overin Limited, which is affiliated with Concorde Capital, became the owner of the dominant controlling stake in the company.
BUILD, CONCORDE CAPITAL, Kryvyi Rih Cement, power generation - founder
