TIU Canada (Ekotechnik Nikopol) dismantled the equipment of its solar power plant in Nikopol due to an unresolved conflict with Nikopol Ferroalloy Plant (NFP), according to a material on the Voice of America website.
A Canadian company is dismantling one of its multimillion-dollar solar investments in Ukraine following a dispute with a powerful tycoon believed to be close to the presidential administration in a case that has underscored the former Soviet state's troubled investment climate.
Judgment in favor of NFP in case of shutting down TIU Canada SPP to create dangerous precedent in Ukraine – attorneys interfax.com.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com.ua Daily Mail and Mail on Sunday newspapers.
TIU Canada to contest court decision to shut down solar plant in Nikopol 2 min read
Ekotechnik Nikopol LLC (TIU Canada) will contest the decision of the Kyiv Economic Court, which rejected the company s claims to Nikopol Ferroalloy Plant (NFP), which disconnected its 10.5 MW solar power plant from the power grid in March 2020. TIU Canada has announced the intention to file an appeal against the decision of the first instance court in the case against NFP on the illegal shutdown of the power plant. This action is due to the decision of the Kyiv Economic Court dated January 26, which ruled in favor of NFP, despite the significant amount of evidence that was presented by the legal team of the company, according to a press release.