BGV Group Management has authorized five energy projects. Additionally, the company is gearing up to launch an energy service company, which will allow it to tap into the promising market for enhancing utility network energy efficiency.
The utility infrastructure market, particularly for water, heating, power utilities, and water pipelines, is valued in the tens of billions of hryvnias, as stated by Oleksiy Tymofeyev, a BGV Group Management board member. The company is presently running pilot projects across all identified areas, with budgets in the tens of millions of euros, and anticipates investments between $50M and $200M.
“However, for substantial and long-term investments in the Ukrainian market, there is currently a lack of predictability beyond a five-year outlook,” Tymofeyev emphasized.
He remarked that over the past year, more than 50 energy projects were evaluated, 15 made it past the investment assessment, but only five were approved by shareholders. By the end of this year, BGV aims to invest $147M: $50M into Aeroc – the construction materials manufacturer – five energy projects, and real estate development projects.