Business news from Ukraine

Business news from Ukraine

UKRAINEINVEST INVESTS IN CLEAR ENERGY GROUP’S EUR 30 MLN WASTE PROJECT IN ODESA

The Investment Promotion Office (UkraineInvest) has signed a memorandum of understanding with Clear Energy Group LLC (Kyiv), operating in the field of bioenergy, on the implementation of a project for construction of a waste management complex at the site of the Dalnytski Quarries landfill (Odesa) with an investment of about EUR 30 million over three years.
“UkraineInvest provides organizational and advisory support to the investor in the preparation and implementation of the project, in accordance with the law on ‘investment nannies,'” the Office said in a statement.
According to a statement on the Clear Energy Group website, the project provides for creation of a sorting complex for up to 400,000 tonnes of municipal solid waste per year and a combined heat and power plant (CHPP) using RDF fuel with a capacity of 20 MW, generating 74,000 Gcal of thermal energy per year.
It is noted that the sorting line will reduce the amount of waste for disposal in the region by at least 30%, and the generated energy will substitute for 10.5 million cubic meters of natural gas during the heating season.
The report specifies that the thermal energy obtained by burning waste will be supplied at a lower tariff than in the case of burning natural gas.
The Office’s website notes that the project implementation involves creation of 85 new jobs.
Clear Energy Group says on its website that it is the leader in terms of generating electricity from biogas. Its “green” portfolio for production of electricity from biomass and biogas amounted to 21 MW by the end of 2020, and annual electricity production exceeds 91 million kWh. In addition, the portfolio of Clear Energy Group, according to the website, includes 15 projects for the degassing of solid waste landfills throughout the country, the key of which is Odesa-based Dalnytski Quarries landfill.
The company’s plans for the coming years include the launch of 250 MW of “green” capacities throughout Ukraine.

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