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The $280M bridge from Orlivka (Ukraine) to Isaccea (Romania) would cut 2 hours off the drive from Odesa to Turkey and would be part of the European E87 highway. On Friday, President Poroshenko of Ukraine and PM Borisov of Bulgaria inspected repairs on the Odesa-Reni stretch of the road. With upgrades on this 320 km highway nearly complete, the freight traffic…
CMEC (China Machinery Engineering Corporation) and DTEK broke ground a 200 MW, 400 ha, $265M solar farm near Nikopol. In six months it would be Europe’s second largest, after France’s Cestas 300 MW solar station. Financed by DTEK and CMEC, it will use equipment from Chinese companies: Seraphim Solar System and Trina Solar will provide 750,000 solar panels, and Shenzhen…
World Bank predicts Ukraine’s economy will grow by 3.3% this year, and possibly by 4% next year, according to Faruk Khan, the Bank’s lead economist for Ukraine, Belarus and Moldova. Without an IMF accord this fall, growth could tumble to 2% next year, he told reporters on October 4.
The starting auction price for the state’s 78% of shares in Centrenergo will be $212 million, the Cabinet of Ministers decided on October 3. Located in central and eastern Ukraine, Centrenergo saw its electricity production drop by 36% due to the cut off anthracite coal from the Russia-occupied part of the Donbas. With alternative coal sources in place, the company…
The leading candidate European energy company to run Ukraine’s massive gas transportation system should be reviewed by the Rada in the first half of 2019, Andriy Kobolev, Naftogaz CEO, said. With Russia’s gas supply transit contract with Ukraine due to expire at the end of 2019, EU officials have urged the government to form an international consortium as soon as…
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