Foreign investor pushback was clear to the Energy Ministry’s proposed tariff cuts

Foreign investor pushback was clear to the Energy Ministry’s proposed tariff cuts at last week’s Adam Smith Energy Conference in Kyiv. proposed to cut wind rates by 10% and solar by 15 to 25%, depending on plant size. “I just am amazed at the optimism that currently exists with the Ministry of Energy, Ukrenergo and others,” exclaimed Narek Harutyunyan founder and CEO of Rengy Development, a developer of solar in Armenia, Kazakhstan and Ukraine. “They say that now we will create the conditions for investment and investors will come to us. When the same investors, who have now entered the working system, do not know what will happen to them in 6 months?”