GOLAW | View firm profile
The operation of the solar power plant TIU Canada, a project with about 15 million US dollars of investments, has been blocked for more than a year due to illegal actions of the Nikopol Ferroalloy Plant, to the grids of which the solar power plant had been connected.
The Nikopol Ferroalloy Plant arbitrarily disconnected the station, justifying its actions by the alleged need for repairs. In fact, there have been no repairs so far. The company has been idle for almost a year, and its investor continues to incur multimillion losses.
GOLAW attorneys Kateryna Manoylenko and Kateryna Tsvetkova, representing a Canadian investor in Ukraine, have developed a clear and transparent line of defense.
On July 26, the court completed its preparatory actions and the hearing on the merits took place. The representatives of the plant did not appear in court. However, the court heard GOLAW attorneys as claimant in the case.
The next hearing is scheduled for September 8, 2021, which will take place in the Northern Commercial Court of Appeal.
TIU Canada is a leading Canadian investor that has invested more than $ 65 million in Ukrainian solar energy over the past four years and became the first investor in Ukraine under the Canada-Ukraine Free Trade Agreement (CUFTA). The company put into operation a 10.5 MW solar power plant in Nikopol in January 2018, which was illegally disconnected from the grids by the Nikopol Ferroalloy Plant. The plant is owned by Ukrainian oligarchs Igor Kolomoisky, Gennadiy Bogolyubov and Viktor Pinchuk.