Business news from Ukraine

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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SORATANO UKRAINE TO BUILD 100 MW WIND FARM IN BILHOROD-DNISTROVSKY DISTRICT OF ODESA REGION

Odesa Regional State Administration has signed a memorandum of cooperation with the wind energy company Soratano Ukraine LLC. According to the press service of the administration, the document provides for the construction of a wind power plant in Bilhorod-Dnistrovsky district of Odesa region. The total amount of investments is about EUR250 million.
“We’ve agreed to cooperate in the implementation of a project, which provides for the construction of a 100 MW power plant,” the press service said citing Head of Odesa Regional State Administration Maksym Stepanov.
The report also notes that the power plant is designed for 30 wind generators. The investor plans to complete the construction until 2020.
According to open data, the founder of Soratano Ukraine LLC is Cypriot SORATANO LTD, the ultimate beneficiary is a citizen of Belgium residing in Ukraine. At the same time, there are no online references to the implementation of such projects by these companies. As reported, Odesa Regional State Administration agreed to implement a similar project with little-known Ukraine Power Resources.

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TWO COMPANIES FOUNDED BY AMERICAN AND LITHUANIAN CITIZENS TO BUILD WIND POWER PLANTS IN ODESA REGION

Ukraine Power Resources and Yuzhne Energy intend to build wind power plants with an installed capacity of 120 and 72 megawatts in the Lymansky district of Odesa region, the press service of the Ukrainian Wind Energy Association (UWEA) has said, following the signing of a memorandum between these companies and Odesa Regional State Administration.
According to UWEA estimates, the total investment in these two projects will be about EUR 270 million.
The press service did not say when the projects would be implemented.
Ukraine Power Resources was founded by American Peter A. Gish and Yuzhne Energy by Lithuanian Egidijus Simutis.

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CHINESE ANHUI COMPANY INTERESTED IN BUILDING INDUSTRIAL PARK IN ODESA REGION

China’s Anhui Conch Cement Company Limited is interested in building a cement plant, a construction materials park and investing in tourism. The press service of the Odesa Regional Council reported that the issues were discussed at a meeting of Chairman of the Odesa Regional Council Anatoliy Urbansky with representatives of Chinese business. A delegation from China included the commercial consul of the General Consulate of China in Odesa, representatives of Anhui Conch Cement Company Limited and the Ukrainian branch of China Metallurgical Construction Engineering Group Co., Ltd. The Odesa Regional Council expressed its readiness to consider all investment proposals of Chinese businessmen.
China Metallurgical Construction Engineering Group is a large company in China. It is involved in construction of industrial and civil facilities in China and abroad. Anhui Conch Cement Company Limited produces and sells cement and commodity clinker. Its products are exported to over 20 countries, including the United States and the EU.

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