Business news from Ukraine

STATE-RUN UKRENERGO HAS 149 MLN EUR JOINT PROJECT WITH EBRD TO MODERNIZE SUBSTATIONS

Ukrenergo is preparing a new joint project with the European Bank for Reconstruction and Development (EBRD) “Modernization of Transmission Networks” with an approximate cost of EUR 149 million, the company’s press service has reported. “The goal of the project is the replacement of power equipment, the reconstruction of substations with the introduction of an automated control system for technological processes,” Ukrenergo said. As part of the preparation of the project, representatives of consultancy companies selected by the EBRD, namely Tetra Tech (the United States) and AF-Mercados EMI (Spain) visited ten substations of Ukrenergo (750 kV Zakhidnoukrainska, 400 kV Mukachevo, 330 kV Novovolynsk, 330 kV Hrabiv, 750 kV Donbaska, 330 kV Myrhorod, 330 kV Kupiansk, 330 kV Mykolaivska, 330 kV Trykhaty, and 330 kV Lisova).
The consultants should prepare feasibility studies for the reconstruction of the listed substations, and the project is planned to be implemented at the expense of EBRD loan funds until 2021.
Modernization of the substations will increase the efficiency and reliability of electricity transmission, will allow to manage the equipment of the substations from the regional centers. Also, its implementation will be the basis for the introduction of a smart grid technology in the framework of the “Second Electricity Transmission Project” implemented by Ukrenergo jointly with the International Bank for Reconstruction and Development (IBRD).

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ANTIMONOPOLY COMMITTEE OF UKRAINE APPROVES ACCIONA ENERGIA’S JOINING UDP SOLAR POWER PLANT PROJECT

The Antimonopoly Committee of Ukraine has approved the purchase of a controlling stake in Dymerka Solar Poland (Poland) by ACCIONA Energia Global (Poland, the subsidiary of the eponymous company in Spain), the press service of the committee has reported.
Dymerka Solar Poland was registered to implement a project of UDP developing group (Kyiv) to expand the capacity of Dymerka solar power plant (Kyiv region) from 6 MW to 57.6 MW.
As reported, UDP from UFuture investment group has arranged a joint project to expand Dymerka solar power plant with Spain’s ACCIONA Energia Global. It is planned that the Spanish company will invest EUR 54.7 million.
Majority shareholder of UDP is Ukrainian businessman Vasyl Khmelnytsky.

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ENERGOMASHSPETSSTAL TO FINISH PROJECT TO MAKE SEMI-FINISHED PRODUCTS FOR TURKEY’S NPP BY JUNE

Public joint-stock company Energomashspetsstal (EMSS, Kramatorsk, Donetsk region), the owner of which is Russia’s Atomenergomash of Rosatom Corporation, plans to supply the last semi-finished products under a project on production of semi-finished products for equipment of reactor one of Turkey’s Akkuyu nuclear power plant (NPP). According to a posting on the website of EMSS, under the contract, which cost is not disclosed, hundreds of semi-finished products for the reactor’s case, steam generator, pressurizer and the upper unit were made and inspected with participation of specialists from the NBPP and Turkish Atomic Energy Authority (TAEK). The company said that in 2015, EMSS successfully passed the TAEK inspection and in January 2016 it was the first company which received the certificate for making semi-finished products for the Akkuyu NPP.
The Akkuyu NPP is being built in Turkey on the coast of the Mediterranean Sea. The project includes four reactors with a capacity of 1,200 MW each. It is planned that after the completion of construction the NPP will generate around 35 billion kWh of electricity a year. The operation life of the NPP is 60 years.

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