Business news from Ukraine

BUSINESSMAN KHMELNYTSKY’S UDP RENEWABLES AND SPAIN’S ACCIONA TO BUILD 2 SOLAR POWER PLANTS IN ODESA REGION

UDP Renewables (Kyiv) plans by the end of 2019 jointly with Spain’s Acciona Energia Global to build two solar power plants in Odesa region with a capacity of almost 44 MW.
According to a report of UDP Renewables on its Facebook page, the total investment in the projects reached EUR 30.6 million. Construction works will start this week.
New solar power plants Hudzovka-Solar (Izmail) and Artsyz-Solar (the area of Pavlivka rural council) will have the peak capacity of 26 MW and 17.7 MW and the projected capacity of 19.8 MW and 13.5 MW respectively.
As reported, UDP Renewables is part of the UFuture Investment Group with its head office in Brussels, which was established in the fall of 2017 and brought together business projects of Vasyl Khmelnytsky.
In June 2018, UDP Renewables announced an agreement with Acciona Energia Global on a joint project to expand the Dymerka solar power plant to 57.6 MW by introducing its second, third and fourth phases. The first phase of the station with a capacity of 6 MW was launched by UDP Renewables in September 2017. Currently, Acciona is the only participant in this project through Dymerka Solar Poland.

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TIU CANADA PLANS TO TO BUY SOLAR POWER PLANTS IN UKRAINE (ODESA REGION)

TIU Canada seeks to acquire two projects on construction of solar power plants in Odesa region, TIU Canada CEO Michael Yurkovich has said in an interview with Ukraine Business News during the World Economic Forum in Davos.
Thus, the Canadian company continues implementing the strategy to invest $100 million in the construction of solar power plants in Ukraine until the end of this year, he said.
The company has already built a solar power plant with a capacity of 10.5 MW in Nikopol and is building another one in Mykolaiv region with a capacity of 13.5 MW. By the end of the year it is planned to begin construction of four more in Odesa and Mykolaiv regions.
TIU Canada began its activity in Ukraine in June 2017. Its owner is the investment company Refraction Asset Management (Calgary, Canada).

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GROSSDORF AGROCHEMICAL COMPANY LAUNCHES SECOND PLANT FOR PRODUCTION OF LIQUID CARBOMIDE-AMMONIUM FERTILIZERS IN ODESA REGION

Grossdorf agrochemical company (Cherkasy region) in Sarata (Odesa region) has launched new production of liquid carbomide-ammonium mixture fertilizers with a capacity of 60,000 tonnes per year. According to a company press release, with the opening of the plant its capacity in the area of liquid fertilizers production rose to 410,000 tonnes per year.
“Grossdorf receives raw materials from Europe and Central Asia, but transportation of these raw materials for production of carbomide-ammonium mixture from the central regions to the southern regions is expensive. Therefore we built a production base and a raw materials storage base in Sarata. The plans for 2019 are to diversify the markets for the supply of raw materials,” the release says.
According to Grossdorf Commercial Director Serhiy Ruban, the capacities launched will allow the company to provide the entire Odesa region with carbomide-ammonium fertilizers, and also consider the possibility of exporting fertilizers from the production unit in Sarata to Moldova.
Grossdorf (Cherkasy) was established in 2016. It is engaged in production, import, transportation of fertilizers, as well as providing services for the introduction of liquid ammonia. The company’s core business is the supply of basic fertilizers for precision farming.

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TIS GROUP AND SEA PORT AUTHORITY TO COOPERATE IN DEVELOPMENT OF YUZHNY SEAPORT (ODESA REGION)

State-owned enterprise (SOE) Ukrainian Sea Port Authority and the TIS Group have signed a memorandum of understanding, providing for the implementation of infrastructure projects at the Yuzhny seaport (Odesa region), according to a posting on the website of the Infrastructure Ministry. The memorandum envisages the uniting of efforts of the SOE and the private company to develop Yuzhny port’s infrastructure.
The authority seeks to conduct dredging works in the internal canal leading to the water area of berths of the TIS Group (from berth 18th to 22nd), a water approach to the U-turn area and a part of the operation water areas of berths 21st and 22nd to reach the designed depth of 16 meters.
In turn, TIS will conduct dredging works near its berths: 18, 19 and 20 to 19 meters and 21 and 22 – to 16 meters. After these dredging works, TIS plans to do its best to boost cargo handling by 10-15 million tonnes in 10 years.

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EKONAVTIKA COMPLETES BUILDING LPG STORAGE COMPLEX LOCATED IN ODESA REGION

Ekonavtika LLC by the end of this year will commission a complex for LPG storage and transshipment located in Izmail district of Odesa region. The press service of Odesa Regional State Administration said the second stage of construction is currently being completed. The amount of investment in the project was EUR 4 million. In addition to engineering and transport facilities for receiving and storing liquefied petroleum gas, the complex allows transshipping gas to road, rail and river transport. The total capacity of the complex is 200,000 tonnes per year.
The territory of the complex is equipped with access railway tracks, a railway overpass and a tank farm. There is also a customs warehouse in the territory of the complex.

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WIMEXIM BUILDS BIOGAS PLANT IN ODESA REGION, PLANS TO BUILD FOUR MORE PLANTS

A new biogas plant would start operating in the coming month in Okny district of Odesa region, Deputy Head of Odesa Regional Administration Svitlana Shatalova has written on her Facebook page. She said that at present the startup work is being conducted at the plant, which construction cost EUR 17 million.
“They want to build four more,” the official said. According to the Okny District Administration, the plant was designed to treat waste and silage into biogas for the production of electric and heat energy. The capacity of the complex will be 5 MW. It will create 25 jobs.
The sole founder of Wimexim Trade House with a statutory fund of almost UAH 29 million is Cyprus KO Biogas Development Company Ltd.

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