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Tuesday, May 11, 2021
Cargill Metals has agreed to invest US$75 million in a Canadian major iron mining project in Kriviy Rih.

 In the deal Cargill, a major international iron ore trader, has agreed to take 4 million tons of iron ore from the Shymanivske mine, reports Black Iron Inc. “We are very pleased to help finance Black Iron’s Shymanivske Project,” Lee Kirk, managing director of Cargill Metals, said, noting environmental benefits. Black Iron’s CEO Matt Simpson released a statement saying: “Black Iron’s planned 68% iron content magnetite pellet feed is in the top 4% of global production by iron content and is anticipated to reduce emissions generated in the production of steel by an estimated 30%.”

Tuesday, May 11, 2021
With world demand strong for iron ore, grain and coal, bulk cargo shipping rates have hit 11-year highs,

 Interfax-Ukraine reports, citing the Baltic Dry Freight Cost Index. In the last month, some rates have jumped by 50% percent. At Ukraine’s ports, bulk exports account for about 75% of cargo volumes.

Tuesday, May 11, 2021
London-based VR Capital’s Elementum Energy has started commercial operation of its €59 million, 40MW wind energy Dnistrovska wind park

, on the Dnister estuary in Odesa region. The 4MW GE turbines are the largest in operation in Ukraine today. Each of the 10 towers rises 131 meters high, about four stories short of Kyiv’s Parus Business Center. Elementum Energy and American developer Ukraine Power Resources are building a second, 60 MW phase of Dnistrovska, which is to be commissioned one year from now.

Tuesday, May 11, 2021
Richard Deitz, President of VR Capital Group Ltd, said:

 “Despite the ongoing challenges in the renewable energy industry in Ukraine, we believe that these growing pains will be successfully managed.  Green energy is destined to play a growing role in the Ukrainian energy sector.”

Tuesday, May 11, 2021
Peter A. Gish, founding CEO of Ukraine Power Resources, said:

 “Ukraine has an extraordinary land resource which is compatible with large scale renewable energy.  We look forward to building our next wind project.”

Tuesday, May 11, 2021
Several solar power producers intend to sue Ukrenergo, the state run transmission system operator, for ‘illegally’ restricting production of wind and solar power this spring,

 says Artem Semenyshyn chairman of the Solar Energy Association of Ukraine, reports The problem of ‘over production’ by solar plants is to sharpen in the summer, typically the peak solar power production season.

Tuesday, May 11, 2021
Lithuania’s Modus Energy International has started arbitration against Ukraine,

 claiming €11.5 million in damages for last summer’s retroactive cutting of green tariffs. The company owns the Bolokhivsky solar parks in Zhytomyr.

Tuesday, May 11, 2021
EnergoReforma’ya göre, Norveç’li Scatec, Ukrenergo’nun Garantili Alıcı biriminin ödemelerindeki gecikmeler ve elektrik satın alma anlaşmalarındaki değişiklikler nedeniyle bir kredi sözleşmesinde temerrüde düştüğünü duyurdu

. Scatec’in Ukrayna’da dört faal güneş enerjisi santrali ve 111,4 milyon dolarlık ödenmemiş kredisi var. Şirketin birinci çeyrek raporuna göre, Scatec’in Ukrayna’da sahip oldukları şöyle: 133 MW’lık bir güneş enerjisi santralinde yüzde 73 hissesi, yapım aşamasında olan 203 MW’lık bir santralin tam mülkiyeti ve “birikmiş işlerde” 65 MW’de yüzde 65 komisyon.

Tuesday, May 11, 2021
Energy storage systems in Ukraine can receive $300 million in revenues a year

, Volodymyr Kudrytskyi, chairman of Ukrenergo, predicted at a recent press conference, reports ExPro Consulting. Solar and wind power plant have production peaks and lows, necessitating storage systems to ‘balance’ electricity flows. DTEK is preparing to commission Ukraine’s first industrial power storage  system, a 1 MW unit next to the Zaporizhia thermal power plant. Built by Sungrid, a Canadian company, the unit uses a lithium-ion energy storage system supplied by Honeywell.

Tuesday, May 11, 2021
Ukrenergo lost $1 billion last year, a sharp turnaround from nearly $70 million profit in 2019.

 The state company says its core activity – power transmission — is profitable. But losses come from subsidizing electricity to low income households and from national rates that do not cover elevated ‘green tariffs’ due solar and wind producers.

Tuesday, May 11, 2021
Today through Wednesday, 65 speakers will talk about Ukraine’s business climate, problems and opportunities

at the U.S.-Ukraine Foundation’s annual Business Expo. Hosted in Washington, the virtual conference brings together American and Ukrainian participants and observers of Ukraine’s contemporary business scene. Signups here.

Tuesday, May 11, 2021
To open up northern Moldova to Ukrainian trade and tourism

, a tender is underway for construction of what would be the second bridge on the 267 km Dniester River border between the two countries. Expected to cost $120 million, the bridge and seven kilometers of access roads are to be completed by the end of next year, according to the tender by the Vinnytsia highways department. The bridge, linking Yampil, Ukraine and Cosăuți, Moldova, will be midway on a 300 km north-south road that links Vinnytsia and Chisinau. Alexander Kubrakov, head of Ukravtodor, says the national highway agency is upgrading almost 40% of the 366 km road between Kyiv and Yampil.

Tuesday, May 11, 2021
To help pay for Ukraine’s ‘Big Construction’ program,

 the Cabinet of Minister has extended state guarantees to $360 million worth of hryvnia bonds for Ukravtodor.  The Cabinet also approved a list of priority highway projects to be financed with the bonds. Placed this year, the bonds are to be as long as 15 years.

Tuesday, May 11, 2021
Ukrzaliznytsia plans to resume international train service next month, starting with Austria, Hungary and Poland,

 Ivan Yuryk, the state railroad’s acting CEO, says, according to UZ’s press office. Confirmed are Kyiv-Vienna trains and trains from Zakarpattia to Hungary, crossing at the Chop- Záhony bridge. UZ is in talks with Poland to restore Intercity service.

Tuesday, May 11, 2021
Direct flights from Tel Aviv to Uman for the annual Rosh Hashana pilgrimage?

 That could be the result of a recent decision to transfer 500 hectares from Uman’s military airfield to civilian use, Agriculture Minister Roman Leshchenko tells Interfax-Ukraine. Every September about 40,000 Hasidic Jews go to Uman for an annual pilgrimage. The Cherkasy city is a three hour drive from the nearest international airports, Odesa or Kyiv Boryspil.

Tuesday, May 11, 2021
Drivers returning to work in Kyiv today will encounter a new, digitized system for parking fines.

 Using hand held terminals, parking inspectors are able to quickly check for nonpayment for parking and issue tickets on the spots. “The ticket can be quickly printed and left on the offending vehicle,” a city administration official tells UNIAN. The terminals do not give inspectors access to drivers’ personal data.

Tuesday, May 11, 2021
This summer, the EU would allow visits by fully vaccinated travelers from third countries, such as Ukraine,

 under a formal proposal by the European Commission. Travelers will have to complete the vaccination sequence at least two weeks before travel, reports Avianews. Similarly, the EU is working on a system to allow fully vaccinated travelers from the US, Ursula von der Leyen, president of the European Commission, recently told The New York Times.

Tuesday, May 11, 2021
Ukraine has signed contracts to receive a total of 42 million doses of coronavirus vaccines through the end of this year

, Health Minister Maksym Stepanov said Friday night on Ukraine 24 TV. To cover Ukraine’s adult population, he said, delivery contracts need to be signed for 5 million more doses.

Tuesday, May 11, 2021

Editor’s Note:  Greetings! I returned yesterday from a week in the US. A new feature of the American highway landscape are billboards beckoning people to get vaccinated against Covid. Shots are being administered at the rate of 2 million a day. The total so far is 260 million shots, or 46% of the population, according to Bloomberg’s vaccine tracker.

By contrast, 2% of Ukraine’s population has been given one dose. Catching up on email, I find one reader letter describing his day-long bureaucratic vaccine obstacle course that ended last week in failure. He writes: “Arrival at the agreed time and day (Thursday, May 6, 9:00 am) at the vaccination center Central Polyclinic of the Shevchenkovsiy district (St. Saksaganskogo, 100. 1 floor, 130 office), refusal of the doctor to give me the vaccine. I am missing an administrative registration document. Registration of a family doctor in a Ukrainian state clinic. I ask him to do the vaccine and we will do the document afterwards. No! impossible! Categorical refusal.”

Maybe medical personnel who block life-saving vaccinations should forfeit their new Covid pay bonuses. With Best Regards, Jim Brooke

Thursday, May 6, 2021
According to the business activity expectations index (BAEI), Ukrainian businesses have downgraded assessments for their April performance and future prospects in response to the stricter quarantine and growing uncertainty

 (NBU). In April 2021, the index again moved below its equilibrium level of 50 points, to 46.9, down from 51.4 in March.

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