Business news from Ukraine

VASYL KHMELNYTSKY’S UDP RENEWABLES LAUNCHES THIRD SOLAR POWER PLANT IN UKRAINE (ZAPORIZHIA REGION)

UDP Renewables of businessman Vasyl Khmelnytsky on March 1, 2019 launched its third solar power plant Scythia Solar 1 in Zaporizhia region with a power capacity of 13 MW. The company’s press service reported that investment in the project reached $10.1 million. The plant consists of 38,232 solar panels produced by JinkoSolar. It will allow generating nearly 16.2 GWh per year. The plant is located on an area of 20 ha.
EPC contractor is a Ukrainian group of companies KNESS. Financial partner of the project is Ukrgasbank (Kyiv). According to a posting on the website of UDP Renewables, it plans to boost the capacity of solar power plants from 24 MW to 175 MW this year.
As reported, in November 2018, UDP Renewables launched the 18.3 MW Free-Energy-Henichesk solar power plant in Kherson region. Investment totaled $18 million.
UDP Renewables currently also operates Dymerska Photovoltaic Power Plant 1 (Kyiv region) with a capacity of 6 MW.
UFuture Investment Group, headquartered in Brussels, was established in autumn 2017 and united the business projects of Khmelnytsky. The group includes the Ukrainian development company UDP, which core business is the implementation of large infrastructure projects.

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TYMOSHENKO AND BOYKO LEAD AMONG POSSIBLE PRESIDENTIAL CANDIDATES IN ZAPORIZHIA REGION OF UKRAINE, POROSHENKO – THE FOURTH

Batkivschyna Party leader Yuliya Tymoshenko and Opposition Platform – For Life head Yuriy Boyko are the favorites among possible presidential candidates in Zaporizhia region, supported by 22.0% and 18.3% of the region’s residents who participated in a Sociological Group Rating survey. The poll was carried out from November 16 to December 2, 2018. Some 1,600 residents of the region were interviewed. The sample was formed taking into account the age and gender structure of the region, as well as the type of settlement. The margin of error of the survey does not exceed 2.4%.
Showman and Servant of the People Party leader Volodymyr Zelensky was supported by 14.1% respondents, followed by incumbent President Petro Poroshenko – 8.4%, Radical Party leader Oleh Lyashko – 7.5% and Ours Party leader Yevhen Murayev. Civil Position Party leader Anatoliy Hrytsenko was supported by 5.1% of persons who participated in the survey.

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DANISH MANUFACTURER OF WIND TURBINES AND DTEK TO BUILD WIND FARM IN ZAPORIZHIA REGION

DTEK has signed an agreement with the Danish manufacturer of wind turbines Vestas for building Orlivka wind power station (Prymorsky district, Zaporizhia region).
“The volume of investment in the project is about EUR140 million. We expect that the project will be completed by the end of 2019,” Maksym Tymchenko, DTEK’s director general, said during the signing of the contract.
The project, which envisages the construction of 26 wind turbines with a capacity of 3.8 MW each, is currently at the stage of completion of preparatory work. The main part of the construction work will begin in January 2019.
The capacity of the wind farm, which is the third project of the company in wind power, will provide electricity to about 200,000 households.
“We continue to implement our plans to increase the portfolio to 1,000 MW by the end of 2019, the total investment in these projects will exceed EUR 1 billion,” he said.

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