China invested $1 billion in the Ukrainian energy sector

Chinese Company CNBM has completed registration of the ownership of the 10 largest solar power plants in Ukraine, with total capacity of 267 MW, as stated by the general director of Chinese CNBM New Energy Engineering Co., Ltd Yongzhi Chen, in an interview with Interfax-Ukraine.

Commenting on the recent news of the purchase of one of the companies, Solar Neptune, he said that it was the last registration of 10 solar power plants, sold for debts, while the rights to the other nine stations had been acquired earlier.

“Overall, we have invested about $1 billion in investment and financing, including in the form of trade credits. More than 168 million euros have been converted into capital of 10 solar power plants. The acquisition of control over these assets was executed in exchange for repayment of non-returnable and non-guaranteed debt of this amount on the trade transactions for the supply of equipment,” Chen said.

China recently proposed establishing a free trade zone with Ukraine. This was stated by Ambassador of China Du Wei at a forum in Kyiv dedicated to the development of the Silk Road infrastructure project in Ukraine.

  Ukraine, China