The European Investment Bank (EIB) and the Ministry of Communities and Territories Development of Ukraine have concluded a cooperation agreement on advisory services to support the preparation of Ukraine’s Public Buildings Energy Efficiency project. The agreement was signed on June 2 ahead of the upcoming donor meeting of the Eastern Partnership Technical Assistance Trust Fund…
Renewable energy companies in Ukraine said they had written to the International Monetary Fund stating that the government’s plan to lower energy tariffs would complicate the country’s cooperation with the IMF. The IMF is expected on June 5 to approve a $5-billion loan package for Ukraine, which has been hit hard by the coronavirus crisis,…
US company Cerberus Frontier will construct a small hydropower plant, Bakhvi 1, in the Guria region of Georgia, Economy Minister Natia Turnava has announced. “This will be the US company’s fifth project in Georgia”, said Turnava and added that a government meeting discussed and approved the construction of Bakhvi 1 hydropower plant in Guria. The…
The Cabinet of Ministers does not plan to increase the electricity tariff for the population in 2020, according to Prime Minister Denys Shmyhal. “We are not going to change the cost of electricity for the population this year,” Shmyhal said at a meeting of the Committee on Energy, Housing and Utilities Services. According to him,…
The Norwegian company Scatec Solar has completed the connection to the network and launched the second project in Ukraine – a 54 MW solar power station near Bohuslav (Kyiv region). “We are pleased to complete our second project in Ukraine less than ten months after closing the financing. The Bohuslav solar plant will lead to…
The construction works of the third Armenia-Iran power transmission line are expected to be completed in 2020, minister of territorial administration and infrastructures Suren Papikyan, who also serves as the chairman of the Armenia-Iran joint inter-governmental commission, said during a Q&A session in the Parliament. Touching upon the ongoing projects between Armenia and Iran, the…
PrJSC Donbasenergo, an electricity generating company, in January-March saw UAH 58.03 million in net profit, up 26.4-fold YoY. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, its net revenue over the period grew by 1.3%, to UAH 1.587 billion, while gross profit fell by 17.35,…