Business news from Ukraine


China expects Ukraine to provide state guarantees for investing $600 million in the construction of a new unit at Sloviansk thermal power plant (TPP, PJSC Donbasenergo), Liu Jun, the adviser for trade and economic issues at the Embassy of China in Ukraine, has said.
“The Chinese side is ready to invest more than $600 million in this project, provided that the Ukrainian side provides state guarantees,” he said in an exclusive interview with Interfax-Ukraine.
Jun recalled that the investment agreement between Dongfang Electric International Corporation (DEIC) and Donbasenergo for the joint implementation of the project was signed in December 2018.
“The construction of the sixth power unit is a new serious potential joint project between Ukraine and China. I am sure that its implementation will bring great benefits for both the Ukrainian people and Chinese enterprises,” he said.
As reported, the contract between DEIC and Donbasenergo provides for the construction of power units Nos. 6A and 6B of 330 MW each at Sloviansk TPP using CFB technology (burning solid fuel in a circulating fluidized bed).
The contract price is $684.296 million. Financing for the reconstruction foresees 70% of funds of a credit from a Chinese bank.

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Vasyl Khmelnytsky’s K.Fund is about to open UNIT Factory, a school for programmers in Kharkiv, K.Fund’s press service told Interfax-Ukraine on Thursday.
K.Fund notes that UNIT Factory will prepare programmers using its own ucode curriculum, one of the key features of which is the challenge-based learning methods, that is, solving real-life problems for obtaining applied knowledge.
“This methodology was initiated by Apple and is used in the Apple Developer Academy where students not only learn how to write code, but also create ready-to-market products,” it said.
In addition, it indicates that in the new UNIT Factory campus in Kharkiv, students will be able to master such programming languages and technologies as C, C++, Web (HTML, CSS, JS, PHP) and Java. Duration of training is from one to two years (depending on the progress of a student).
Participants for the UNIT Factory program will be qualified through a so-called marathon, which will last about a month and will start on September 30, 2019 (in total, three marathons are planned this year), K.Fund said.
Training will begin in the middle of January 2020 and will cost UAH 15,000 per calendar year. Any person who is 17 or older can register for the qualification stage.
“We are pleased with the success of UNIT Factory and expand it by introducing new educational practices. For two years, we have been investing in the development of ucode, the program built on Challenge-Based Learning meeting the requirements of the modern world. We want our talented youth to have access to high-quality, up-to-date IT education and find a well-paid job here in Ukraine,” Vasyl Khmelnytsky, Founder of UFuture Investment Group, said.
K.Fund was founded by Ukrainian businessman Vasyl Khmelnytsky in 2015 to support projects in the field of education and economics.
UNIT Factory is a project of K.Fund, founded by Vasyl Khmelnytsky, and supported by a non-profit public organization, Osvіtorіa. Its mission is to promote Ukraine’s innovative development through training of IT professionals.

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PJSC Donbasenergo has signed a contract with Dongfang Electric International Corporation (China) for reconstruction of unit No. 6 of the Sloviansk thermal power plant (TPP) with its division into units 6A and 6B of 330 MW each.
According to the company’s press release, the cost of the contract for the reconstruction using CFB technology (the technology of coal combustion in a circulating fluidized bed) is $684.296 million.
According to the plan, unit No. 6A will be put into operation in July 2022, unit No. 6B in July 2023. The units will burn steam coal.
The project implementation will extend the life of thermal power plants by 40 years, increase their operation efficiency, reduce specific fuel consumption and maintenance costs. The new units will comply with all ENTSO-E technical requirements and the European environmental directives.
Reconstruction of unit No. 6 of the Sloviansk TPP will significantly reduce the cost of electricity produced, burn low grade coal without using natural gas in the load range of 40-100%.
Donbasenergo Director General Eduard Bondarenko said that efficiency of the units will be at least 42%. The company seeks to receive the funds for investment in the tariff for electricity transmission in the amount of 30%. The reconstruction will be financed using the loan from a Chinese bank by 70%.
Donbasenergo operates Starobesheve (located in the occupied territory) and Sloviansk thermal power plants.

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