Business news from Ukraine


15 February , 2019  

Kness Group, a large EPC (engineering, procurement and construction) contractor in Ukraine, has launched first own solar power plants with a total power capacity of 33 MW, Director General of the group Serhiy Shakalov has said in an interview with the Energy Reform website.
The total investment in construction of the plants was EUR 30 million, including EUR 4.5 million of own funds of the group, and the rest is borrowed funds from Danish IFU and the European Bank for Reconstruction and Development (EBRD).
The major EPC contractor includes the engineering company Podilsky Energy Consulting. The company sells inverter equipment, power collection cabinets, generation monitoring systems and supporting structures for Ukrainian-made solar cell arrays. In February 2019, the group launched a first large solar cell arrays plant in Ukraine.