Payments to renewable energy producers is a positive sign for investors

Provision of the government guarantee to Ukrenergo National Power Company to the amount of UAH 11.3 bn to pay indebtedness to renewable energy producers – is a positive sign that can show that the government keeps its obligations towards the market and investors. Andrey Bozhenko, the senior project manager of Millstone&Co (Poland, Ukraine), an International Investment company expressed this idea commenting on the Cabinet of Ministers of Ukraine Resolution #1203 as of December 9. The expert said that companies that came to work in the renewable energy market rely on the Memorandum of Understanding on the Settlement of Problematic Issues in the Renewable Energy Sector. “When the government changes the rules it doesn’t make any good to investments into Ukraine and when the government refuses to fulfill its obligations for investors it, on the whole, can kill investments”, – Mr. Bozhenko stated. Millstone&Co is a private investment company that provides traditional investment-related services to its clients. The company has offices in Warsaw, Krakow, and Kyiv.