Business news from Ukraine

PRESIDENT OF UKRAINE INVITES FOREIGN INVESTORS TO INVEST IN ENERGY, INFRASTRUCTURE, TOURISM, IT UNDER PERSONAL GUARANTEES

President of Ukraine Volodymyr Zelensky has called on international business to invest in Ukraine and presented a number of promising projects.
“We have a number of projects to which I, under my personal guarantees, the guarantees of protection, invite foreign businesses. These are energy, infrastructure, transparent land circulation,” he said at the 16th Annual Meeting of the Yalta European Strategy (YES) in Kyiv.
In particular, Zelensky presented a project on land irrigation in the southern regions of the country, an inter-university IT cluster in Kharkiv, a film production center in Kyiv, a new resort on the Black Sea coast in a completely new city, ski resorts in Slavske and Borzhava, the development of Khortytsia island, a large-scale entertainment park for guests from Eastern and Central Europe.
“This is not a complete list of reasons why we invite you to invest in Ukraine,” the president added.

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UKRAINE AND NORWAY SIGN STATEMENT ON ENERGY

Ukraine and Norway have signed a joint statement on nuclear security, “green” energy and energy efficiency, Prime Minister of Ukraine Volodymyr Groysman has said.
“During the business forum, together with head of the Norwegian government Erna Solberg, we signed a joint statement launching important energy initiatives on energy efficiency, integration into the European energy market, cooperation in nuclear safety and “green” energy,” Groysman wrote on Twitter on Monday.

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U.S. SECRETARY OF ENERGY RICK PERRY PLANS TO SPEAK TO REPRESENTATIVES OF U.S. BUSINESS, MPS IN KYIV

U.S. Secretary of Energy Rick Perry during his visit to Ukraine on Monday, November 12, will speak to representatives of U.S. business in Ukraine and members of parliament. The U.S. Embassy in Ukraine reported that on November 11, Perry will pay tribute to the memory of the Heroes of the Heavenly Hundred in Instytutska Street in Kyiv. On November 121, the secretary of energy will speak to representatives of the American Chamber of Commerce in Ukraine and the U.S.-Ukraine Business Council (USUBC) in the Intercontinental Hotel.
Perry will also make a speech, addressing people’s deputies of the Verkhovna Rada and other guests in the Diplomatic Academy.
As reported, the secretary of energy will meet Ukrainian Prime Minister Volodymyr Groysman on November 12.

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UKRAINE DEVELOPS RENEWABLE ENERGY IN Q3 2018 2.4 TIMES FASTER FROM YEAR AGO

New renewable energy generating facilities with a total installed capacity of 160.1 MW were launched in Ukraine in July-September 2018, which is 2.4 times more than a year ago, the press service of the National Commission for the State Regulation of Energy, Housing and Utilities Services (NCER) has reported. “The share of wind farms and solar power plants is 97% of all facilities launched,” the commission said.
Wind farms with a total capacity of 7MW, solar power plants of 148.8 MW, biogas plants of 3.6 MW and small hydroelectric power plants of 0.7 MW were launched in Q3 2018.
Thus, as of October 1, 2018, Ukraine has wind farms with a total capacity of 522.4 MW, solar power plants – 1.096 GW, biomass plants – 43.8 MW, biogas plants – 44.6 MW, small hydroelectric power plants – 96.4 MW.
The total installed capacity of renewable energy facilities is 1.8 GW (not taking into account annexed Crimea where wind farms of 494.9 MW were launched earlier).
Today, the share of renewable energy of total electricity generation in Ukraine is 1.8%, and the share of the total cost of electricity is 8.3%.

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SIGMABLEYZER FROM HOUSTON ANNOUNCES SETTING UP $250 MLN INTERNATIONAL FUND FOR UKRAINIAN ENERGY

SigmaBleyzer investment company has announced the creation of a new International Fund for Ukrainian Energy LP (IFUEL) for $250 million, which will focus on investments in the energy sector of Ukraine. “We will consider everything, including alternative energy. But, of course, we are interested in oil and gas, energy saving,” SigmaBleyzer President Michael Bleyzer told Interfax-Ukraine on the sidelines of the 15th YES forum organized by the Victor Pinchuk Foundation in Kyiv. According to the company, during the first closure, which took place in September 2018, more than $100 million has already been approved.
“SigmaBleyzer cooperates with highly-capitalized and very experienced energy companies in Texas to create this fund,” the document says. Bleyzer added that for investment of funds both greenfield, and brownfield projects can be considered. According to him, significant potential is concentrated in energy saving projects, as the level of energy efficiency in Ukraine lags behind the best world indicators.
SigmaBleyzer is based in Houston (Texas). It has been operating private investments in Ukraine for more than 25 years. Since its creation, SigmaBleyzer has implemented more than 100 investments in a wide range of sectors, including power generation, cable television, food and beverage, agriculture, and retail.

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COAL ENERGY RAISES COAL PRODUCTION BY 16%

Coal Energy S.A. (Luxembourg) with assets in Ukraine in June 2018 increased coal production by 16.2% (by 1,698 tonnes) compared to the same period in 2017, to 12,150 tonnes, the company said on the Warsaw Stock Exchange.
Compared to the previous month, production increased by 1.4% (by 171 tonnes), the report says.
Coal Energy unites ten coal mines, rock dumps processing facilities and objects for enrichment. The company’s business was significantly affected by hostilities in Donbas.

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