Business news from Ukraine

Business news from Ukraine

IT WOULD BE MISTAKE FOR UKRAINE TO LIMIT ITSELF ONLY TO WESTERN VECTOR – UKRAINE’S DEPUTY PRIME MINISTER

Ukraine should be integrated in the European Union and NATO, but it should have deeply developed relations with those regions of the world where it sees its national interests, Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration Dmytro Kuleba said.
“I am deeply convinced that it would be a big mistake for Ukraine to limit itself solely to its western vector. The world is much bigger, much more complex, there are a lot of opportunities in the world,” Kuleba said on Ukrainian television.
At the same time, the deputy prime minister said he sees Ukraine as a member of the European Union and NATO.
“I see Ukraine as a state, integrated European and Euro-Atlantic state, which has deep developed relations with those regions of the world where it sees its national interests,” Kuleba said.
Kuleba said he sees Asia as such region as “the heart” of the world’s economy is now beating there.
“It’s China, India, Japan, South Korea, Singapore – that’s where the economic heart of the world is beating now,” Kuleba said.

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UKRENERGO FOR FIRST TIME FORCED TO LIMIT ‘GREEN’ GENERATION IN UKRAINE

Ukrenergo last night for the first time was forced to limit “green” generation at Botiyevska, Prymorska-1 and Orlovska wind farms (all are within DTEK Group), Andriy Gerus, the head of the Verkhovna Rada committee on energy and housing and utilities services, has stated.
“Such a limitation was 300-400 MW at certain hours of the night. Nevertheless, according to the existing rules, DTEK will still receive the payment of a feed-in euro tariff of UAH 2.9 per kWh (EUR0.102), despite the fact that the energy system did not need but did not use the electricity produced by the corresponding wind farms (the price of the matter is millions of hryvnias). The corresponding payment will fall on state-owned Energoatom, Ukrhydroenergo and the Ukrenergo tariff, which all consumers will pay for,” he said on Facebook.
Gerus emphasized that in the future this situation will occur more and more often.
“The problem is growing, and in spring it will reach a large-scale character. I am convinced that investments necessary for the state are those that benefit the state and give investors the opportunity to earn profit. And the state’s interest must be taken into account in this structure,” he said.
As reported, on October 16 the Rada energy committee approved bill No. 2236-2 (the Servant of the People party), which allows, when dispatching, to give priority to operator-producers of alternative energy with an installed capacity of up to 150 MW. Compensation of the cost of electricity not sold at the feed-in tariff in connection with dispatching restrictions is also provided to the stations whose capacity does not exceed 150 MW.

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