Business news from Ukraine

COMPANIES FROM POLAND AND ROMANIA WIN LVIV LANDFILL RECLAMATION TENDER

A consortium of Vekto Sp. z o.o. (Poland) and Iridex Group Plastic s.r.l. (Romania) has been recognized the winner of an international tender to implement a project funded by the European Bank for Reconstruction and Development (EBRD) and the government of Sweden for integrated reclamation of a landfill site in the village of Velyki Hrybovychi outside Lviv, Director of Lviv municipal enterprise Zelene Misto (“Green City”) Vadym Nozdrya said in Kyiv. Speaking at a presentation of a campaign to support the project, he specified that this decision had already been agreed with international lenders and the contract with the winner is expected to be signed by the end of this year, which will allow the contractor to begin work as early as at the beginning of 2020.
Lviv Mayor Andriy Sadovy emphasized that the city is extremely interested in the speedy implementation of the project, as today it is forced to spend UAH 300 million annually on garbage collection over the closure of the Hrybovychi landfill.
According to Nozdrya, work on technical rehabilitation in Hrybovychi has been ongoing since July 2019 and should be completed in 2021. During this time, the contractor must perform work on leveling and terracing the entire surface of the landfill, cover it with a technological protective screen and carry out the construction of utility systems.
Active preparations at the landfill are under way: the removal of contaminated soil from the landslide that occurred in 2016, along with the removal of lakes with filtrate water, he said. Hrybovychi landfill rehabilitation costs are estimated at EUR11.8 million, plus EUR1.8 million for work with filtrates. Zelene Misto is the commissioner of the work.

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IN KYIV PRESS CONFERENCE “KHERSON OIL TRANSSHIPMENT COMPLEX: ARMA SHOULD HOLD TRANSPARENT AND LEGAL TENDER” TO TAKE PLACE

On Thursday, August 29, at 13.00, the press center of the Interfax-Ukraine news agency will host a press conference entitled “Kherson Oil Transshipment Complex: ARMA Should Hold Transparent and Legal Tender.” Participants: Yaroslav Kovalevsky, the acting director of state enterprise Petroleum Supply Enterprise, Andriy Hevko, the adviser to Fincord Intelligence law firm LLC (8/5a Reitarska Street). Registration of journalists requires press accreditation.

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UKRAINE ANNOUNCES TENDER FOR DEVELOPMENT OF THREE HYDROCARBON DEPOSITS

Ukraine has announced a tender for the development of three more hydrocarbon deposits, including Hrunivske (Sumy and Poltava regions), Okhtyrske (Sumy, Poltava and Kharkiv regions), and Ichnianske (Chernihiv region) on the basis of production sharing agreements (PSA).
The corresponding announcements about the tender were published in the Uriadovy Kurier newspaper on August 3.
The area of Hrunivske deposit is 1,083 square kilometers, that of Okhtyrske some 672 square kilometers, and Ichnianske some 2,086 square kilometers. According to the terms of the tender documentation, approved at the end of 2018, the winners on the first and second fields will have to ensure the drilling of at least two exploratory wells and conduct 3D seismic surveys during the first stage of exploration (the first five years). The winner on the third lot will have to ensure the drilling at least three wells and conducting 3D seismic surveys.
The minimum investment for Hrunivske and Okhtyrske deposits is UAH 500 million UAH, and that for Ichnianske some UAH 900 million.
The PSA is valid for 50 years. The state’s share in profitable products should be at least 11% of its total volume, the maximum share of compensation products, due to which the investor will be reimbursed for his expenses, is 70% of the total production. Applications for participation in the tenders are accepted within three months from the date of publication of the announcement of the tenders.

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U.S.-BASED TRIDENT ACQUISITIONS ANNOUNCES VICTORY IN TENDER FOR PSA IN UKRAINE

U.S.-based Trident Acquisitions Corp. has been recognized the winner of the tender for the development of the Dolphin hydrocarbon section on the Black Sea shelf on the basis of a production sharing agreement (PSA), company CEO and one of its shareholders Ilya Ponomarev has said. “It was a difficult struggle, but our application was significantly more profitable for Ukraine,” he said on Facebook.
Ex-State Duma deputy Ponomarev, to whom Petro Poroshenko granted Ukrainian citizenship in May of this year, thanked the government and personally Minister of Energy and Coal Industry Ihor Nasalyk for the trust. “We promise not to let you down and to do everything possible to start production as soon as possible!” he said.
As reported, on April 12, 2019, the Cabinet of Ministers announced a tender for the development of hydrocarbons within the Dolphin section on the Black Sea shelf under PSA terms. The term of the agreement is 50 years.

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POLISH COMPANY PLANS TO PARTICIPATE IN TENDER TO DEVELOP OIL AND GAS FIELD IN UKRAINE

The interdepartmental commission organizing and implementing the product sharing agreements (PSA) has received a bid from Poland’s Unimot seeking to participate in a tender to develop the Ivanivske field (Kharkiv region) under PSA, Executive Director of the Association of Gas Producers Roman Opimakh has said on his Facebook page.
“Today [on June 6], the 14th company was registered, which submitted an application for participation in the tender for entering into a PSA for the Ivanivske field. It became the third candidate for this lot, which gives the right to explore and produce fossil fuel in Kharkiv region. This is the Polish concern Unimot selling automotive fuels and such commodities as gas and electricity,” he wrote.
Opimakh said that the procedure of the tender allows the acceptance of applications for participation sent by mail subject to the availability of a mail stamp confirming the sending of the main meeting the deadline – May 28.
He also said that at present, the company has no experience in exploration and production, however, Opimakh said that joint development with some specialized company is not ruled out.
Unimot S.A is an energy company which activities include the import and sale of petroleum products, liquefied natural gas and electricity.
Previously, the company has repeatedly reported about entering the Ukrainian fuel market with the AVIA network of gas stations.

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SOLARGAPS FROM UKRAINE WINS TENDER FOR ENERGY TRANSITION SOLUTIONS IN GERMANY

The Ukrainian company SolarGaps, which developed blinds with integrated solar panels, has won The Smarter E AWARD 2019 tender for energy transition solutions in Munich, the press service of the public organization Greencubator has reported.
The project won the nomination Smart Renewable Energy in the tender of the innovation hub The Smarter E, whose activities are aimed at the development of industry solutions.
Earlier, SolarGaps won the Climate Innovation Vouchers program of the European Bank for Reconstruction and Development (EBRD), and also received EUR1 million from the European Union’s framework program for the development of research and technology Horizon 2020.
Energy transition is transformations in the energy sector aimed at reducing the share of consumption of fossil fuels.

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