Business news from Ukraine

ISD CO-OWNER MKRTCHAN BECOMES BENEFICIARY OF FUHRLANDER WINDTECHNOLOGY

30 January , 2017  

KYIV. Jan 30 (Interfax-Ukraine) – ISD co-owner Oleh Mkrtchan and MP Maksym Yefimov (the Bloc of Petro Poroshenko faction) are the ultimate beneficiaries of Fuhrlander Windtechnology (Kramatorsk).

This is evidenced by the data posted in the unified state register of legal entities.

Fuhrlander Windtechnology is the only Ukrainian producer of modern wind turbines. It is engaged in construction of wind farms. The company produces turbines of 2 MW, 2.5 MW and 3 MW at the site of Kramatorsk Heavy Machine Tool Plant. During the period from 2010 to the present time Fuhrlander Windtechnology has built [using its own equipment] seven wind farms in Ukraine and one wind farm in Kazakhstan.

The company’s revenues in 2015 amounted to UAH 456.262 million, net loss stood at UAH 504.271 million.

Previously the partner of Fuhrlander Windtechnology was Germany’s FWT Energy, the developer and manufacturer of wind turbines. FWT Energy is experiencing serious financial problems. According to mass media reports, the company on January 21 filed an application for insolvency to the court of Montabaur. According to the publications, the FWT Energy business in 2015 suffered due to the failure of supplies of six sets of equipment for wind turbines to Ukraine and in 2016 the company began work in the markets of Russia and Belarus.