Business news from Ukraine

Business news from Ukraine

UKRAINE AND NORWAY IN TALKS ON EUR300-400 MLN INVESTMENT IN RENEWABLE ENERGY

Ukraine and Norway are negotiating about investments in renewable energy projects for EUR300-400 million, Ukrainian Foreign Minister Pavlo Klimkin has said. “We are starting work with a number of Norwegian companies that come to build relations in renewable energy. The matter concerns serious investment of EUR 300-400 million,” the minister said at a joint press conference with the Norwegian foreign minister in Kyiv.
According to Klimkin, the matter concerns projects, in particular, related to solar energy.

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NORWAY PLANS TO INVEST IN UKRAINIAN ENERGY SECTOR – NORWEGIAN FM INE ERIKSEN SOREIDE

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.

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NORWAY PROVIDES EUR 3.6 MLN TO UKRAINE TO IMPLEMENT COUNCIL OF EUROPE’S PROJECTS

Norway has provided EUR 3.6 million (NOK 34 million) for the implementation of projects of the Council of Europe for Ukraine, Norwegian Ambassador to Ukraine and Belarus Ole Terje Horpestad has said.
“Norway has decided to further support the four-year action plan with EUR 3.6 million… I also want to emphasize that we expect that Ukraine will continue full and deep cooperation with the Council of Europe and will fulfill its obligations. The action plan is important for international confidence and support for further reforms in Ukraine,” he said at a press conference in Kyiv on Tuesday.
In turn, Head of the Council of Europe Office in Ukraine Morten Enberg said that the funds would allow continuing the implementation of the Council of Europe support, in particular, to the judicial reform, the execution of court rulings, decentralization, corruption fighting and support of internally displaced persons (IDPs).
Enberg said that this is the assistance to the Ukrainian government in support of national minorities and the implementation of the action plan under the new law on education.
He said that the total amount for the implementation of the action plan is around EUR 29 million for four years.

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SCATEC SOLAR FROM NORWAY PUTS 150 MW SOLAR POWER PLANTS’ CONSTRUCTION IN UKRAINE INTO ITS PORTFOLIO

Norway’s Scatec Solar has included into its project portfolio the construction of solar power plants with a total capacity of 150 MW in Ukraine, the company’s press service reported. The company has not disclosed any other details regarding the construction of stations. As reported with reference to Cherkasy Regional Administration, Scatec Solar planned to build a solar power plant with the installed capacity of 25 MW in Kamianka, Cherkasy region. Scatec Solar has built solar power plants with a total capacity of 322 MW in different countries. The company is in the process of building plants with the capacity of 434 MW.
Scatec Solar operates in the Czech Republic, South Africa, Ruanda, Honduras and Jordan.

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