Business news from Ukraine

Business news from Ukraine

Nova plans to sell Nova Energy after war as non-core business

After the war is over and the energy supply situation improves, Nova Group will sell Nova Energy, a company created to develop generation, as a non-core business, said co-owner of Nova Group Volodymyr Popereshnyuk.
“…When the war is over… I will willingly sell this company to those for whom it is a passion, for whom it is the main business, the core business, because I believe that everyone should do their own thing,” Popereshnyuk said at the Energy of Business forum organized by Forbes.
He emphasized that Nova Energia is a non-core asset for NOVA Group, which the company is forced to deal with.
As of today, Nova Energia has already obtained most of the licenses, including the license to purchase fuel for refueling generators.
“Indeed, we opened Nova Energia not only because we need to produce electricity, but also because we need to refuel ourselves, because we had a fuel crisis that scared us, because we realized that if we don’t save ourselves, we may even stop, because fuel is critical for us… We have obtained a license for fuel to refuel our generators,” said Popereshnyuk.
He clarified that the market has long been subject to restrictions on the amount of one-time storage of fuel without a license.
According to him, Nova Energia already has about 4 thousand generators with a total capacity of 40 MW.
In addition, according to Popereshniuk, the company has ordered gas piston units and installed a number of solar power plants, and plans to install five more next year.

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