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companies Cainiao, as well as the Hong Kong national mail. Ukrposhta also joined China's initiative One Belt, One Road via the China Post pilot project for the transportation of mail by rail from China to Poland with further transhipment of mail to vehicles to transport by road within the European Union (EU). Last year, the also operator launched "accelerated delivery channels" for Chinese JD.com, Joom and British ASOS marketplaces. The company also significantly expanded the list of partner airlines that deliver shipments. Earlier, Ukrposhta unveiled its plans to invest $507mn in the modernisation of its infrastructure and improvement of its business processes by 2021. Specifically, $128mn is due to be channelled into purchasing of new vehicles, $70mn is earmarked for the reconstruction of 2,000 offices around the country, and $107mn will be spent on creating new hubs for sorting correspondence. A further $111mn will go towards the purchase of computers and IT equipment for Ukrposhta's offices.
9.2.9 Renewables corporate news
Ukraine has 64 operating small scale hydro plants and 100 more that can be restored , AICE says. Dedicated to reviving and modernizing existing plants, AICE aims at “combining Norwegian and Ukrainian competence within hydro energy.” Norway is the largest user of hydropower in Europe, getting 98% of its electricity from hydro dams.
Ukraine’s first solar panel production plant starts work in the middle of February in Vinnytsia . Using Chinese technology, the Kness factory starts production at an annual panel capacity of 200 MW. By the end of this year, capacity is be 400 MW, says plant director Oleh Dovboschuk. Located on a once abandoned industrial site, the €5mn plant now employs 120 workers. Currently, Vinnytsia region has 250 MW of solar power and plans to add 60 MW more by the end of this year. Through 2025, Ukraine grants a 5% premium on feed in tariffs for solar projects using 30-49% domestically made equipment. For equipment with 50% or more local content, the bonus is 10%.
Norway’s NBT plans to start building this year a $1.1bn, 742 MW wind power plant on Zaporizhia’s Azov coast , according to an agreement signed Monday in Oslo with Ukraine partners Andriy Zhovner and Yuriy Kizilov. If financing comes as planned, the project should be fully operational in 2022. Located in the Yakymivka district, the plant is to be 100 km east of a separate NBT wind power project: a $460mn, 250 MW plant on the north shore of Kherson’s Lake Sivash. That project is to be completed next year.
Norwegian wind and solar projects in Ukraine add up to $1.5bn in coming years , Prime Minister Groysman said Monday at the Norwegian-Ukrainian Business Forum in Oslo. By contrast, bilateral trade last year was $255mn, an 8% increase over 2017.
With $2bn in American, European and Chinese windpower investment planned for Ukraine’s Azov Sea coast , Troshchenko pitched visiting EU and European Investment Bank officials for financing for a German-made Liebherr LHM 550 mobile harbor crane to unload and store wind turbine blades. Logistics operator Holleman Ukraine is considering building a warehouse at Berdyansk for windpower equipment. Denmark’s Vestas Wind Systems A/S, General Electric Wind Energy and China Machinery Engineering Corporation are already using Berdyansk, the closest port to the three largest wind
72 UKRAINE Country Report March 2019 www.intellinews.com