How 4.5 billion of foreign green investments in Ukraine are blocked

The inaction of the President of Ukraine and the proteges of the oligarchs in the National Commission for State Regulation of Energie and Public Utilities have blocked 4.5 billion foreign green investments.

The Ukrainian government “double-cross” foreign and Ukrainian businessmen investing in green energy, Oleksiy Ryabchyn, MP of Ukraine, head of the subcommittee on energy saving and energy efficiency of the Committee for Fuel and Energy Complex, Nuclear Policy and Nuclear Safety says.

Foreign investors from Canada and Sweden, as well as Ukrainian investors, together with the European Bank for Reconstruction and Development, invested about 140 million euros (~ 4.5 billion UAH) in the Ukrainian economy, building solar stations, wind farms, launching biogas coherence installations.

They stopped in just one bureaucratic step before receiving a green tariff, the vote of the members of the energy regulator of the National Commission for State Regulation of Energy and Public Utilities, which will not happen at least until the spring of next year due to the oligarchic collusion and inaction of the President of Ukraine.

So, the Swedish investor built the first stage of a wind farm with a total capacity of 140 Megawatts in the Kherson region, near the occupied Crimea. The amount of investments is more than 60 million euros.

The governor of Kherson region told about the created “green” workplaces a few months ago. The investor reported that his taxes had been already spent to the construction of roads in the region.

The Prime Minister even put photos of this wind farm on his facebook with Hashtag #GoodNews, but starting from today the Swedish investor, instead of returning his own investments, is forced to seek money to repay debts on borrowed loans.

Ukrainian investors, who built a biogas plant near Volnovaha for their own money and investments of the European Bank for Reconstruction and Development, a total cost of 5.4 million EUROS, are forced to do the same. And this is 20 kilometers from the front line!

Can you imagine what it is like to invest in large infrastructure projects in the Donetsk region near the front line?

For a week, the chairman of the National Commission for State Regulation of Energy and Public Utilities, Mr. Dmytro Vovk , can not gather a quorum for decision-making. In addition, some of the commissioners have already gone into “rotation”, and de facto there is no one to replace them, since the process of rotation is blocked by the president.

To date, the development of green technologies, support for renewable energy and energy efficiency is the biggest investment trend around the world. And Ukraine competes with almost all countries in the world, trying to attract investment for the modernization of the Soviet energy system.

We ask for help from the whole world in the fight against Russian aggression, but they are not able to fulfill their own promises to protect foreign investments. And this is with Canada and Sweden, countries that do a lot to protect Ukrainian interests in the world!

We need foreign investors who will lobby Ukraine for their governments.

But with an inoperative regulator, with bureaucracy and corruption, all our efforts to promote national interests are in vain.

Nobody is immune to such situations in the future. Because I have no doubt that the nomination commission, in which the majority is controlled by the President, will again choose “Grigorishin’s people”, “from Kononenko” and from other “watching” people who, will tear down the quorum and push the decisions they need to their owners by the call phone.

No bills on raising the Doing business ranking are needed, when one person picked by the oligarch and the inaction of the President of Ukraine can block the fate of millions of foreign investments.

EMPR

Image credits: pixabay.

Original article here.

Tags: corruption corruption in Ukraine green investments groysman Petro Poroshenko poroshenko Ukraine Volodymyr Groysman