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.
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
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