Business news from Ukraine

SAGA DEVELOPMENT TO BUILD CLASS COMPLEX IN KIEV

Saga Development will build the Franklin Concept House premium class complex with commercial and office space located at 69, Honchara Street in Shevchenkivsky district of Kyiv. “This is the first residential complex in Kyiv with a five-star level of service. The building will feature exquisite architecture, innovative concierge service, developed internal infrastructure and a location in the city center,” the Saga Development press service said in a statement.
According to him, the apartments will be accompanied by round-the-clock service, including concierge services and a porter. In addition, the complex provides round-the-clock security and a video surveillance system with access to cameras from a mobile application.
The building will have from seven to 19 floors. The residential complex has 141 apartments, some of which include terraces. On the lower floors there will be commercial premises and offices. Infrastructure also provides parking for 37 cars.
According to LUN.ua website, the estimated commissioning dates are the fourth quarter of 2022.
The developers of the project are Saga Development in partnership with Perfect Group and Kyivproekt Development. The customer of the project is Concept-Plaza LLC, and the general contractor is Nika Ltd.
The Saga Development project portfolio includes 17 residential complexes at different stages of implementation: Rybalsky, Chicago Central House, San Francisco Creative House, New York Concept House, Bristol Comfort House, Einstain Concept House, Resident Concept House, Philadelphia Concept House, Happy House, (all based in Kyiv), Kandinsky Odessa Residence and Art Kvartal City Space (both are located in Odesa) and others.

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KOVALSKA INDUSTRIAL AND CONSTRUCTION GROUP TO BUILD TWO BUSINESS CENTERS FOR 100,000 SQ M

Kovalska Industrial and Construction Group plans next year to implement two partnership projects for the construction of A class business centers in the central part of Kyiv, Serhiy Pylypenko, the group’s director general, has said. “We see that office real estate is a segment in which there is a stable demand. Now, in partnership with two companies, we are considering two major projects in office real estate,” Pylypenko said during a press breakfast, adding that the portfolio of projects for next year includes A class office real estate for 100,000 square meters in the central district of Kyiv.
He explained that both projects are currently at the stage of developing a concept and choosing an architectural company, and already in 2020 it is planned to begin its implementation.
“This will be construction from scratch. The first office complex (four to five buildings) will have a total area of about 60,000-70,000 square meters and the second is two office buildings of 12,000 square meters. One of them we want to implement according to the LEED Silver green building standards,” the Kovalska Group CEO said.
As reported, Kovalska is at the final stage of purchase of a land plot in Lviv region, where it plans in the second quarter of 2020 to build a plant for the production of dry construction mixes with a design capacity of 120,000 tonnes per year. In general, the work can last about two years, but the group intends to complete them by the end of 2021. The preliminary project cost is estimated at $15-20 million.

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BLACK SEA OIL INDUSTRY PLANS TO BUILD VEGETABLE OIL TERMINAL AT PIVDENNY MARITIME MERCHANDISE PORT

Black Sea Oil Industry LLC (Kyiv) plans to build a vegetable oil refining and bottling complex at the Pivdenny maritime merchandise port (Odesa region).
According to the unified register of environmental assessment, the complex will have an oil refining workshop with a daily capacity of 350 tonnes or an annual capacity of 115,500 tonnes and a vegetable oil bottling workshop with the same capacity.
The bottling workshop will have two plastic bottling lines with a capacity of 10,000 liters per hour and 12,500 liters per hour.
According to the unified public register of companies and private entrepreneurs, the founder of Black Sea Oil Industry LLC is Iryna Hlushets. The company was registered in June 2019.

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UKRAINE NEEDS TO BUILD 2 GW OF HIGHLY MANEUVERABLE FACILITIES FOR EUR 1.2-1.4 BLN TO BALANCE POWER MARKET – EXPERT

Ukraine needs to quickly add 2GW of maneuverable electricity generating facilities to balance the Ukrainian power grid in the conditions of the rapidly growing renewable energy sector, which will require around EUR 1.2-1.4 billion, Business Development Director at Wärtsilä Energy business in Eastern Europe Igor Petrik has said.
“The introduction of 2 GW of highly maneuverable generating capacities gives the highest economic effect for the power system,” he wrote in an article published on the Energy Reform resource.
Petrik said that the calculations were made for gas generator stations. According to him, energy storage systems based on batteries at current equipment prices are not so effective. According to the experience of other countries, the most common option are projects of gas generator stations with a capacity of about 100 MW and a cost of EUR 60-70 million, the expert said. According to him, their gas consumption will be “insignificant” – about 40 million cubic meters per year for the installed capacity of 2 GW.
According to Petrik, the introduction of highly maneuverable generation will help reduce the use of the “hot” reserve of thermal power plants by 12.5 billion kWh per year and the volume of coal-burning generation by 4.2 billion kWh per year. As a result, the total reduction in coal consumption will be 3 million tonnes, CO2 emissions will decrease by 7 million tonnes a year.
He added that the volume of renewable energy restrictions could be reduced by more than three times – from 6.5 kWh to 1.9 billion kWh per year, and the overall reduction in operating costs of the power grid – by EUR 300 million per year.
In the current situation, the expert said that renewable energy restrictions may increase to 30% of production during 2020, with fees of EUR 580 million per year for limited energy. Petrik said that such restrictions could arise provided that the installed capacity of the solar power plants and wind farms by the end of 2020 would increase to 7.5 GW and the existing feed-in tariffs and priority dispatching of cheaper energy, such as nuclear energy, would remain.

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CONFECTIONARY CORPORATION OF FORMER UKRAINIAN PRESIDENT PLANS TO BUILD DAIRY FARM

The Roshen confectionary corporation (Kyiv) plans to build a dairy farm on the territory of Letychiv-Agro LLC (Khmelnytsky region) in 2021.
“Now we have a dairy herd of a little more than 1,000 heads. The average milking is 32 tonnes of milk per day. With the construction of the second farm, we will have 1,500 heads of the dairy herd, and the total livestock will be 3,000 head,” Roshen Corporation President Viacheslav Moskalevsky told reporters in Kyiv on Tuesday.
According to him, in 2020, it is planned to develop a project for the future dairy farm, in 2021 to begin construction.
As reported, the Antimonopoly Committee of Ukraine allowed Moskalevsky to acquire Letychiv-Agro LLC through PJSC closed non-diversified venture corporate investment fund Konditerinvest (Kyiv).
This acquisition will enable the corporation to increase its cattle livestock capacity.
The land bank of Letychiv-Agro is 4,000 hectares.
Roshen Corporation, one of the largest confectionery manufacturers in Ukraine, includes Kyiv, Kremenchuk (Poltava region) confectionery factories, two production sites in Vinnytsia region, Dairy Plant Bershadmoloko (Vinnytsia region), two production sites in Lipetsk region (Russia), confectionary facilities in Klaipeda (Lithuania), and Bonbonetti Choco factory (Hungary).

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ZELENSKY: WE WILL BUILD AIRPORTS IN UKRAINE

The issue of building airports is a priority for 2020, according to Ukrainian President Volodymyr Zelensky.
“We will build an airport in Dnipro. We are not postponing anything: we will build airports in 2020. And not only in Dnipro,” he said during a press marathon in Kyiv on Thursday.
According to the head of state, funds for the construction of an airport in Dnipro may not be available in the current draft national budget, since the document has not yet been finalized and all amendments have not been made to it.
“We agreed that we are one team, and we will discuss the final budget together with the Minister of Finance and the Prime Minister. They have not yet come to me with the final budget,” Zelensky said.
The president also said that a report from an independent commission on the construction of a bridge in Dnipro was almost ready. In a week, he plans to get it and consider it, after which he will be ready to talk about this construction project with Dnipro City Mayor Borys Filatov.

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