Business news from Ukraine

BELARUS AND UKRAINE MAY INCREASE COMMODITY TURNOVER TO $5 BLN

Belarus and Ukraine may increase mutual commodity turnover to $5 billion in 2018, Belarusian Deputy Prime Minister Igor Lyashenko said. “Positive dynamics of trade and economic relations between our countries was observed in the past few years. We have managed to stop the fall that was in 2013 and resume growth,” Lyashenko said at a plenary session of the first forum of Belarusian and Ukrainian regions in Gomel on Friday.
The amount of bilateral trade reached $4.6 billion in 2017 and went up 20% against 2016, he said.
“We project commodity turnover at $5 billion this year [an 8.7% increase from 2017],” Lyashenko said.
Belarusian President Alexander Lukashenko and Ukrainian President Petro Poroshenko have decided to bring mutual commodity turnover to at least $8 billion in 2019.
Not only the governments of the two countries, but also the regions need to contribute to achieving this goal, Lyashenko said.

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GENERAL ELECTRIC SIGNS CONTRACT TO SUPPLY EQUIPMENT FOR PRYMORSKA WIND FARM IN UKRAINE

DTEK Energy Holding has signed a second contract with U.S. General Electric to supply equipment for Prymorska wind farm with a total capacity of 200 MW, the press service of the holding has reported. The first contract to supply equipment for Prymorska wind farm (100 MW) was signed in December 2017. It will be completed at the end of 2018.
The second stage of the 100 MW capacity will be also built in Zaporizhia region. The start of construction is the fourth quarter of 2018.
The land wind power division of GE will supply 26 wind power turbines with a capacity of 3.8 MW each to Prymorska wind plant. This model of a wind turbine demonstrates high performance even in conditions of low wind speed.
The total planned investment in the second stage of Prymorska wind farm will be about EUR150 million, which is comparable with investments in the construction of the first stage.
After the completion of the second stage of Prymorska wind farm, the portfolio of DTEK’s implemented projects in land wind generation will reach 400 MW.
“Our ambitions are to build 1,000 MW of solar and wind power plants by the end of 2019. This is an ambitious goal requiring huge investments by the standards of Ukraine. The construction cost of such a capacity exceeds EUR1 billion,” DTEK CEO Maksym Tymchenko said.
DTEK Renewables is the operating company that manages DTEK’s assets in the renewable energy sphere.

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7 GENERAL ELECTRIC LOCOMOTIVES ARRIVE IN UKRAINE

Seven locomotives General Electric (GE) TE33AC Trident (Tryzub) arrived in Chornomorsk (Odesa region), and the arrival of the next batch is expected in two weeks, acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov has said. “Another seven GE diesel locomotives arrived in Chornomorsk at night. They left the United States about a month ago and in a few days they will be sent for installation of the remained equipment in Ukraine,” Kravtsov wrote on Tuesday on his Facebook page and posted a short video from the port.
According to Kravtsov, in November, eight GE Evolution locomotives will operate in the railway: “We plan to use them for transportation on southern routes.”
He expressed hope that Ukraine will be able to receive the first 30 diesel locomotives before the end of this year.
“We are waiting for the next batch in two weeks,” he added.
As reported, in the beginning of August General Electric Transportation sent the first of 30 locomotives GE TE33AC to Ukraine. On September 11, it arrived in Ukraine.
The framework agreement between Ukrzaliznytsia and GE envisages a 15-year partnership in updating and modernizing traction rolling stock, the first stage of which is the delivery of 30 new diesel locomotives GE TE33AC to Ukrzaliznytsia under leasing terms with a localization level of 10%.
GE Transportation and Kriukov Car Building Works early June signed an agreement on the localization of production of 30 locomotives TE33A of the Evolution series. It was planned that Ukrzaliznytsia will receive the first locomotives late 2018.

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GENERAL ELECTRIC EXPERTS WILL OFFER MELITOPOL DEPOT AS MAIN SERVICE BASE FOR THEIR LOCOMOTIVES

General Electric experts will recommend the management of Ukrzaliznytsia Melitopol locomotive depot of the regional branch Prydniprovska Railways as the main base for servicing GE locomotives. The GE employees made such conclusions after the examination and inspection of the depot, Ukrzaliznytsia reported on its website. “The General Electric representatives believe that Melitopol locomotive depot maximally meets the requirements of the company for the center for servicing TE33AC Trident diesel locomotives built for Ukraine,” the report says. During a visit to Melitopol depot, the General Electric representatives inspected the production facilities of the depots, familiarized with the technical equipment and capabilities of the structural unit, its personnel potential.
They also discussed a number of issues that need to be resolved: the allocation of individual warehouse and office space, the determination of the number of personnel for carrying out repairs and technical maintenance of traction rolling stock, employee training, the details of material and technical support, and so on.
As reported, in the beginning of August General Electric Transportation sent the first of 30 GE TE33AC locomotives to Ukraine. The framework agreement between Ukrzaliznytsia and GE envisages a 15-year partnership in updating and modernizing traction rolling stock, the first stage of which is the delivery to Ukrzaliznytsia under the terms of leasing of 30 new GE TE33AC diesel locomotives with a localization level of 10%.

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UKRAINE SEEKS TO START USING GENERAL ELECTRIC LOCOMOTIVES THIS AUTUMN

This autumn Ukraine seeks to start using first TE33A locomotives that would be produced for PJSC Ukrzaliznytsia under a cooperation agreement signed with U.S. General Electric (GE), Ukrainian Prime Minister Volodymyr Groysman has said. “This autumn, we are starting to get a new rolling stock – according to plans for joint production of General Electric. We lost a lot (of rolling stock) in the occupied territory. However, the company is involved, and things are moving,” the press service of the Cabinet of Ministers reported on Wednesday morning, citing Groysman.
The prime minister also drew attention to the fact that simultaneously with the renewal of assets, the state-owned company’s management is being renewed, shadow deals and manual control, which was observed in the past, is being eliminated.
“The billionaire company, Ukrzaliznytsia, was entangled in all sorts of schemes and knots. We begin to unwind, calculate enemies and bring the situation out of the state of decline,” Groysman said.
As reported, the framework agreement between Ukrzaliznytsia and GE envisages a 15-year partnership in updating and modernizing traction rolling stock, the first stage of which is the delivery to Ukrzaliznytsia under the terms of leasing of 30 new GE TE33AC diesel locomotives with a localization level of 10%.

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GENERAL ELECTRIC SIGNS A CONTRACT WITH DTEK

General Electric (GE) has signed a contract with DTEK to supply high-voltage equipment for the 150 kV central power distribution station and two 150/35/10 kV substations, which would ensure the transmission of electricity from the first stage of Prymorska wind farm (Zaporizhia region) to the Ukrainian power grid, the press service of the Ukrainian energy holding has reported.
“The innovative technology “digital substation” will be used at the wind farm… The digital substation technology allows making real-time assessment of the state of equipment and automatically reacting to deterioration or malfunctions. This relaxes maintenance of the substation, implementing it as soon as the event occurs and without scheduling repairs,” DTEK said.
As reported, GE Renewable Energy will supply 26 wind turbines with a capacity of 3 MW each for the first stage of Prymorska wind farm and maintain them after the delivery. The turbines will be delivered to Ukraine and installed in 2018. The first stage would be launched in 2019.
DTEK was established in 2005 to manage the energy assets of System Capital Management Group (SCM, Donetsk) belonging to Rinat Akhmetov.

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