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Ukraine resumes electricity import from Belarus

Ukraine resumes electricity import from Belarus MINSK, 5 May (BelTA) – Ukraine has resumed electricity import from Belarus despite the Ukrainian parliament s decision to ban it till the end of the year, RBC Ukraine reports. The Ukrainian MP Lyudmila Buimister wrote in a Facebook post: “Today, on 5 May Ukraine resumed electricity import from Ukraine. It was done contrary to the parliament s decision, despite the Energy Ministry s forecast balance, and despite the fact that a dozen of units of Ukrainian cogeneration plants are forced to be on standby.” According to the source, it has been nearly three weeks since the parliament voted in favor of the proposal to authorize Ukraine s National Energy and Utilities Regulatory Commission to ban import, however, the regulatory body is mired in corruption scandals and has not even started preparations for the ban.

Lithuanian investor SES Modus Grupe seeks EUR 11 5 mln damages in intl arbitration against Ukraine

Lithuanian investor SES Modus Grupe seeks EUR 11.5 mln damages in intl arbitration against Ukraine 2 min read Modus Energy International, a member of the Lithuanian diversified company Modus Grupe, has initiated an arbitration against Ukraine over the retrospective reduction of feed-in tariffs in seeking to compensate damages of EUR 11.5 million, according to a draft government resolution on the procurement of legal advisors services to defend the interests of the state in arbitration. The draft resolution, authorizing the Ministry of Justice to apply the simplified negotiating procedure, was included in the agenda of the government meeting on Wednesday. According to an explanatory note to the draft resolution, the Ministry of Justice received a notice of arbitration against Ukraine on March 23 from the owner of Bolokhivsky Solar Park 1 LLC, Bolokhivsky Solar Park 2, as well as Solar Zalukva LLC – the Lithuanian company Modus Energy International. The company, in partic

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