Energy company TIU-Canada became the first foreign investor in Ukraine in the framework of the Agreement on free trade zone with Canada. This is referred to in the company message, transfers “UKRINFORM”.
“TIU-Canada becomes the first canadian investor in Ukraine, which uses the rules of the Agreement on free trade zone with Canada, which entered into force on 1 August. TIU-Canada, a subsidiary of Refraction Asset Management in the summer of this year started construction of a solar power plant worth 10 million euros in Nikopol, Dnipropetrovsk region. 10 megawatt station will supply electricity to local residents and businesses,” – said in the message.
“We are proud to be the first investor in the framework of the Agreement on free trade zone between Canada and Ukraine. But most importantly, in practice, this will allow TIU-Canada to deliver the Ukrainians clean energy,” said Director of the Ukrainian representative TIU-Canada Valentina Belyakova.
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She also added that in Ukraine the tariffs for renewable energy are one of the best in Europe. “Tariff for supply of electricity to the grid is valid until 1 January 2030 and supports foreign direct investment in Ukraine. It is good for Ukraine’s energy independence and economic growth,” – said Belyakov.
We will remind, the Agreement on free trade zone between Canada and Ukraine was signed on June 11 in 2016 and entered into force on 1 August 2017. In addition to commercial benefits for businesses in both countries, the agreement aims to support economic reforms and government initiatives regarding the development of Ukraine, will strengthen Canada-Ukraine partnership. This agreement is the result of 5 years of negotiations.
TIU-Canada is an energy company that operates in the sector of renewable energy and is located in calgary, Alberta. Its work in Ukraine the company started this summer.