Business news from Ukraine

WIND POWER POSTS UAH 429 MLN NET PROFIT IN 2016

3 May , 2017  

KYIV. May 3 (Interfax-Ukraine) – Wind Power LLC, part of DTEK Energy Holding, in 2016 saw a net profit of UAH 428.998 million against UAH 1.002 billion of net loss a year earlier.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission, its net income in the reporting period increased by 21%, to UAH 2.037 billion and gross profit rose by 21.3%, to UAH 1.451 billion.
Wind Power operates Ukraine’s largest Botiyevska Wind Power Plant with a capacity of 200 MW. It has projects of construction of two other wind plants at different stages of development.
According to DTEK Director General Maksym Tymchenko, in addition to wind power, the holding intends to invest in construction of solar power plants. The first project will be the construction of a solar power plant with a capacity of 10 MW in Kherson region.