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TIU Canada to Appeal Ruling in Illegal Disconnection Case Against Nikopol Ferroalloy
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KYIV, Ukraine, Feb. 18, 2021 /PRNewswire/ - Solar energy producer TIU Canada announced their plans to appeal a lower court decision in their case against the Nikopol Ferroalloy Plant (NFZ) for illegal disconnection today. This move follows a January 26 decision by the Kyiv Commercial Court to reject the claims of an illegal disconnection despite overwhelming evidence presented by TIU Canada s legal team.
TIU Canada President Michael Yurkovich stated
Ukrainians and foreign investors alike are tired of oligarchy and injustice. Ukraine is on the wrong track. The Euro-Atlantic aspirations of the Ukrainian people will never bear fruit unless the administration takes to heart real judicial reform and complete de-oligarization of the economy and government. Efforts to date are piecemeal and futile against entrenched interests which regularly
TIU Canada to Appeal Ruling in Illegal Disconnection Case Against Nikopol Ferroalloy
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Metal producer disconnects solar plant from grid, trial started in Ukraine
Kyiv s Commercial Court has begun hearing a case that could be of interest to solar developers with a stake in Ukraine s solar sector, or those looking to buy into the country s energy market. For nearly a year the grid connection of a solar plant had been capped by an adjacent metal producer. The legal proceedings could prove a test for Ukraine s suitality to provide sufficient investor protection, the plaintiff stated ahead of the trial.A case of maintenance work is causing a dust-up in Ukraine as one of the parties involved claims to have fallen victim to oligarchy driven corruption and .
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TIU Canada Court Case Against Nikopol Ferroalloy Goes to Trial Today
January 13, 2021 GMT
TIU Canada logo (CNW Group/TIU Canada)
KYIV, Ukraine, Jan. 13, 2021 /PRNewswire/ - The court case of TIU Canada against the Nikopol Ferroalloy Plant (NFZ) for illegal disconnection goes to trial today in the Kyiv Commercial Court (at 44B Bohdana Khmelnytskoho street). The 10.5 MW solar station was disconnected from the electricity grid by NFZ on March 2, 2020, despite the fact that under Ukrainian law, only electricity producers may authorize a disconnection from the electricity grid. TIU Canada is seeking an immediate reconnection to the electricity grid and plans to hold the NFZ and its shareholders fully accountable under the law. The main shareholders of the Nikopol Ferroalloy Plant are Igor Kolomoyskyi, Gennadiy Bogolyubov, and Viktor Pinchuk. Today’s hearing is the first trial date in the case
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