Date: June 23, 2021                                                                                                    

Contact: Ivan Bachynsky +380-93-064-8292 [email protected]

(Kyiv, Ukraine) – TIU Canada, a major foreign investor in Ukrainian solar energy, returns to court today seeking reconnection of its Nikopol solar station. The case will be heard by the Kyiv Northern Appellate Commercial Court at 11:30, June 23, 2021.  A three judge panel consists of  the presiding Judge A.G. Maydaneevych, O.M. Kovtun and O.M. Gavruliuk will hear the case number is 910/3844/20.  The address is courtroom #7, 1a Sholudenka Street in Kyiv.

TIU Canada, the plaintiff in the case, was illegally disconnected from the electricity grid on March 2, 2020, by the Nikopol Ferroalloy Plant (NFZ) whose ultimate beneficial shareholders  are Igor Kolomoyskyi, Gennadiy Bogolyubov, and Viktor Pinchuk.  The case can be viewed online at: https://www.youtube.com/watch?v=TnljwMv_fuE

TIU Canada is a leading Canadian-based solar energy producer, which has been working in Ukraine since 2016, and is a leading solar energy producer. The company commissioned a 10.5 megawatt solar power plant in Nikopol, Ukraine, in January 2018, and an 11.3 megawatt solar station in the Mykolayiv region in April 2019. An additional 33 megawatts of solar power generation has been commissioned in the Odesa region, for a total of 56 megawatts nationwide. TIU Canada has invested more than $65 million in Ukrainian solar energy over the last four years and was the first investor in Ukraine under the Canadian Ukrainian Free Trade Agreement (CUFTA).