UDP Renewables, an investment and development company in the field of renewable energy, in a consortium with the Qatari energy company Nebras Power, plans to invest about $ 250 million in “green” energy in Ukraine in 2021-2022, UDP Renewables CEO Serhiy Yevtushenko said.
“he next big step in the life of UDP Renewables and UFuture is the conclusion of an investment agreement with the largest energy company in Qatar, Nebras Power. At the first stage of our strategic partnership, Qataris together with us become shareholders of a large portfolio of operating solar power plants, and then the formation of a consortium for the construction of a whole portfolio of projects in wind energy,” Yevtushenko said on Facebook.
“He noted that the planned volume of investments of the consortium in 2021-2022 could reach $ 250 million, calling it “a good start for a long-term partnership.”
According to him, the signing of contracts by UDP Renewables and Nebras Power during the official visit of Ukrainian President Volodymyr Zelensky to the State of Qatar is proof of the intentions of both states to develop long-term cooperation.
In addition, Yevtushenko noted that with the conclusion of the investment agreement with Nebras Power, the Ukrainian team received another unique experience in structuring and closing a complex international transaction, which had been working on for two years. Everlegal law firm acted as a legal advisor to UDP Renewables.
DTEK has signed a memorandum of understanding and business cooperation with the Croatian energy company HEP (Hrvatska elektroprivreda d.d.).
According to the company’s press release, the document signed in Split provides for cooperation in the field of energy trade, the implementation of joint projects in foreign markets, including investment in energy assets.
The first step in the framework of DTEK’s cooperation with HEP is the test supply of electricity by subsidiary of DTEK Hungary Power Trade in the amount of up to 2,500 MWh in October this year. Next year, the volume of trade may increase to 1.3 million MWh.
According to DTEK Director General Maksym Tymchenko, access to foreign markets and international partnership are one of the vectors of the company’s long-term strategy.
“Today we are already cooperating with more than 20 European companies in the field of energy trading, which confirms the status of DTEK as a reliable international partner. The signing of the memorandum of cooperation with HEP, the leader of the energy sector in Croatia, is another step in expanding our presence in European energy markets. We are considering it as another step towards the rapprochement of Ukrainian and European energy systems, which is the key to strengthening Ukraine’s energy security,” he said.
“Our partnership will make a significant contribution to the achievement of Croatia’s strategic goals, such as diversifying energy supplies and enhancing Croatia’s energy security and stability. In the field of renewable energy, both DTEK and HEP have made significant progress over the past few years. In the field of “green” energy we see great opportunities for intensive cooperation,” chairman of the board at HEP Frane Barbaric said.
The operating company responsible for the oil and gas sectors in the structure of the DTEK energy holding – DTEK Oil & Gas – has become the holder of 24.99% shares in private joint-stock company Kyivoblenergo earlier belonged to VS Energy International Ukraine LLC.
According to a report of Kyivoblenergo posted in the information disclosure system of the National Commission for Securities and the Stock Market, VS Energy now holds 33.60788% shares in the company.
As reported, early January 2019, DTEK announced its intention to build up 68.2949% of shares in JSC Odesaoblenergo and 93.9978% in JSC Kyivoblenergo owned by VS Energy Group.
DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management Group (SCM, Donetsk). The corporation performs functions of strategic management of the group’s enterprises, which constitute a vertically integrated chain of coal production and washing, production and sale of electricity.
VS Energy International Ukrainе owns shares in the following companies: Kyivoblenergo, Rivneoblenergo, Khersonoblenergo, Kirovohradoblenergo, Zhytomyroblenergo, Odesaoblenergo, Chernivtsioblenergo, Sevastopolenergo. Also, the company owns large stakes in Mykolaivoblenergo and Khmelnytskoblenergo.
According to the unified public register of companies, the ultimate beneficiaries of VS Energy International Ukraine are citizen of Germany Marina Yaroslavskaya, as well as citizens of Latvia Vilis Dambins, Arturs Altbergs and Valts Vigants. Ukrainian media and politicians also named several Russian businessmen as beneficiaries of the company.
National energy company Ukrenergo and the electricity transmission system operator SEPS (Slovakia) on October 2, 2018 agreed on building a new power line as an optimal solution for boosting power transmission between Ukraine and Slovakia, the press service of Ukrenergo has reported. “According to the agreements, a new 400 kV overhead line will be built, which will connect the existing 400 kV substations Mukachevo and Velke Kapusany in the single-circuit version with the possibility of further upgrading it to double-circuit in case of an increase in the volume of interstate flows,” the company said.
According to the press service, the project also envisages reconstruction of the 400 kV open switchgear at the Mukachevo substation. “In the next three or four years, at the Mukachevo 400 kV substation, it is planned to replace the existing 400/220 kV autotransformer (АТ-3) 400/220 kV (installed in 1964), as well as equipping the 400 kV complete switchgear with gas insulation,” Ukrenergo said.
Considering the condition of the existing 400 kV overhead line Mukachevo-Velke Kapusany, which has been operating since 1963, its modernization was recognized as inexpedient. The line will work until the launch of the new line.
The company recalled that this project is a candidate for projects of mutual interest (PMI), the list of which will be approved by the Council of Ministers of the Energy Community in the autumn of 2018.
The Economic Development and Trade Ministry of Ukraine plans to start privatization of large state-owned enterprises (SOE) from the sale of Centrenergo, First Deputy Minister Maksym Nefyodov has said. “Centrenergo could be the first test case, and other facilities would follow it,” he said at a roundtable entitled “Ukraine on the Way of Privatization” in Kyiv on Wednesday.
Acting Head of the State Property Fund of Ukraine (SPF) Vitaliy Trubarov said that after Centrenergo, it is likely that other power supply companies would be privatized. He also said that the start of the privatization of large companies is planned for this autumn.
National energy company Ukrenergo plans to finish reconstruction of the Berezan 220/3510 kV substation in Mykolaiv region to accept electricity from a solar power plant of Voskhod Solar LLC with the installed capacity of 53.4 MW, the press service of Ukrenergo has reported.
“The project provides for the installation of an additional power transformer to ensure the full power output of the solar power plant to the 220 kV network, and oil-filled equipment of the 220 kV switchgear will be replaced with up-to-date efficient and reliable SF6 equipment. Assembly and startup works have been finished on the reconstructed 35 kV and 10 kV switchgears, partially on 220 kV switchgear, as well as DC equipment for own needs,” the company said.
Ukrenergo said that the completion of the first stage of reconstruction of the Berezan substation and the connection of 35 kV overhead lines will increase the reliability of the power supply to the resort areas of Mykolaiv region (Koblevo, Tuzly).
According to the data published in the ProZorro e-procurement system, the reconstruction of the Berezan substation is being carried out by Elmiko LLC for UAH 129.976 million. The owner of Voskhod Solar LLC is the Chinese CNBM International Corporation. Earlier, the project of construction of this plant was managed by Activ Solar belonged to fugitive brothers Andriy and Serhiy Kliuyev.