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Eastern Europe
June 14, 2019 www.intellinews.com I Page 14
People’s Servant party announces priorities, programme, top candidates
Canceling political immunity for MPs, confiscating the property of those convicted of corruption, creating a mechanism for recalling MPs, using referenda on key issues, and punishing state officials for illegal enrichment are the priority issues for The People’s Servant, Party Head Dmytro Razumkov said on June 9, as reported
by the party’s press service.
Among the party’s plans are approving laws need- ed for the Ukraine-EU Association Agreement, deepening cooperation with the EU and Nato and
supporting President Volodymyr Zelensky’s initia- tives for resetting relations “with Ukraine’s closest neighbours to the West,” referring to Poland.
Other priorities include “the harshest punishment for corruption and theft in the Armed Forces
and Defence Ministry, decentralising and demonopolising defence procurements, and spending on defence no less than 5% of GDP,”
the document said.
Read the full story here
Enel Russia to boost wind generation capacity after winning tender
Russian utility company Enel Russia won a state tender for the construction of wind generation parks with capacity of 71MW in 2024, Reuters reported on June 13 citing unnamed sources familiar with the deal.
Enel Russia, along with RusHydro hydropower major, is one of the most visibly active utility majors in the renewable energy segment. So far the government support program for the sector enabled Enel Russia to launch projects to produce 291MW.
Reportedly, the bids for wind generation, part of the ongoing state capacity modernisation drive, exceeded the supply eight times. The investment
in the new wind generation park in the Stavropol region is estimated at €90mn.
In February, Enel Russia has presented its strategy through 2021 and analysts expected that 2019 will be the culmination of the company’s hardships, VTB Capital (VTBC) said in a note on February 7.
The company forecasts a profit drop, and debt closing in on the 4x threshold. Management said that a fundamental rebuild of the company is the goal, moving toward more sustainability and seizing upon future growth opportunities as the reason for shareholder privation," VTBC wrote.