Business news from Ukraine

UTG TOGETHER WITH PARTNER DC EVOLUTION (LONDON) PLAN TO BUILD $100 MLN MULTIFUNCTIONAL COMPLEX IN UKRAINE

UTG consulting company (Kyiv), together with partner developer DC Evolution (London), plans to implement the project of an Alfa Mall multifunctional complex with a total area of 105,000 square meters with five residential buildings and a shopping and entertainment center by late 2022.
“In this project, UTG in partnership with the owners of DC Evolution for the first time will act not just as a broker, but as a co-investor and management company. This is our personal project in Dnipro, we are conducting its full cycle,” UTG Director Yevhenia Loktionova said during Retail & Development Business Expo 2019, held in Kyiv at the end of last week.
She told Interfax-Ukraine investments in the project will be more than $100 million, project participants intend to use their own and credit funds.
The Alfa Mall multifunctional complex is to be built at 25 Zaporizke Shose Street. The total project area will be 105,000 square meters, the rental area is 52,000 square meters. The plan is to be implemented in two stages. The start of construction is scheduled for 2020, completion for the end of 2022.
UTG (Kyiv) was established in 2001. It specializes in comprehensive support of development projects.

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WIND SOLAR ENERGY INTENDS TO BUILD 190 MW WIND FARM IN UKRAINE (ZHYTOMYR REGION)

Wind Solar Energy LLC (Kyiv) intends to build three stages of a Lisova wind power plant with a total capacity of up to 190 MW in Korosten district of Zhytomyr region. This is evidenced by the data of the unified register of environmental impact assessment, the project was published in mid-March.
The capacity of the first stage is up to 111 MW, the second one is up to 57 MW, the third one is up to 21 MW.
It is assumed that the height of the towers of wind turbines will be 155 meters.
According to data posted on the company’s website, Wind Solar Energy (WSE), through its subsidiary Solar Kvant, has owned and operated a solar plant of 5 MW in Pokrovsky district of Dnipropetrovsk region on a 10-hectare site since 2013.
According to the unified register of legal entities, Elvira Tesliuk is the ultimate beneficial owner of Wind Solar Energy (Kyiv). Before that, the Cypriot company WSE CYPRUS LTD was in the ownership structure.

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KNESS SEEKS TO BUILD 500 MW SOLAR POWER PLANTS IN UKRAINE

Kness Group, a large EPC (engineering, procurement and construction) contractor in Ukraine, plans to build around 500 MW of capacities of solar power plants in 2019 for various investors, boosting the volume of projects implemented by the company to 1 GW, Kness Group co-founder Yevhen Didichenko said on Thursday during the discussion devoted to the renewable energy in details organized by Golaw law firm.
Didichenko spoke in favor of adopting a law on green auctions, adding that investors will be interested in bidding and receive guaranteed government support for 20 years. According to him, the cost of building solar power plants in the world is decreasing at a higher than expected rate, so the current tariff for the sale of electricity generated by solar power plants is somewhat overestimated.
At the same time, the Kness Group is concerned about the uncertainty of the mechanism for the distribution of quotas of renewable energy. According to Didichenko, the quotas should be set in proportion to bids from different types of generation. Auctions should be held for the two main types of “green” generation – solar and wind – separately.
“Projects in wind power can be very large. As a result, they may either not have enough quotas, or the project will remain completely unfulfilled,” Didichenko said. In his opinion, the volume of quotas should correlate with the volumes of balancing capacities, but today this issue in Ukraine is not raised yet.

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RENGY DEVELOPMENT PLANS TO BUILD 80 MW SOLAR PLANTS IN UKRAINE

Rengy Development plans to build 80 MW of solar power plants in Ukraine in 2019 and to double the total portfolio of completed projects, to 160 MW.
This was announced by Managing Partner of Rengy Development Narek Harutyunyan during the discussion on the topic “Renewable Energy in Details,” organized by the Golaw law firm.
According to him, objects of 50 MW are already under construction in Mykolaiv region, the construction of another 30 MW will begin soon. He suggested there will be lull in the market of building solar stations Ukraine in July-August in view of the uncertain situation with “green” auctions.
Rengy Development was established in 2009. Since then the company has built 12 solar plants: these are mostly stations of up to 5 MW, and several plants of over 10 MW. In July 2018, Scatec Solar (Norway) signed an agreement with Rengy Development on the joint construction of a solar plant with a capacity of 47 MW in Mykolaiv region for EUR52 million.

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PERSEY ENERGO TO BUILD BIOGAS PLANT IN UKRAINE

Persey Energo LLC intends to build a biogas plant with an electrical capacity of 12 MW at Persey Agro farm (Ivano-Frankivsk region).
This is evidenced by the report about the planned activities in the unified register of environmental impact assessment, posted on the website of the Ministry of Ecology and Natural Resources.
It is planned that the plant will recycle organic waste from agriculture and animal breeding. It is assumed that the plant will generate 12 million kWh of electricity and 7.288 million kWh of heat per year.
According to the state register of legal entities, at the end of March the founders of Persey Energo LLC, registered in 2018, were five individuals and Alliance-Invest IF LLC. Persey Agro belongs to Volodymyr Slobodian.

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ALLIANCEENERGO TO BUILD SOLAR PLANT IN UKRAINE

AllianceEnergo LLC (Kyiv) upon the request of PJSC Kyivoblenergo will build a solar power plant with a capacity of up to 5 MW at 36a Zaporizka Street in Boryspil.
Kyivoblenergo reported in the ProZorro system in early March that the value of the contract it intends to sign is UAH 7.28 million.
Spetselektromontazh 2007 LLC also took part in the auction.
At the end of 2017, the executive committee of Boryspil City Council provided Promin-Energo LLC with urban planning conditions and restrictions for the construction of a 5 MW solar plant on a land plot at 36a Zaporizka Street in Boryspil. At the end of 2018, Promin-Energo LLC obtained a license to produce electricity for the first stage of the solar plant at the specified address with a capacity of 996.36 kW from the National Commission for Energy, Housing and Utilities Services Regulation.

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