Asset Management Company “NIKO” offers to interested investors to take part in financing the construction of the Wind Power Station (WPS) with a capacity of 500 MW in Ukraine. The total amount of the investment budget of this project is 760.0 million EUR, or 1.52 million EUR per 1 MW.

1. Country: UKRAINE Sector: GREEN ENERGY Type of project: START-UP Date: JUNE 2011
CONSTRUCTION OF THE WIND POWER STATION WITH A CAPACITY OF 500 MW
Main features of the Project
Required investments, mln EUR 760.0
Investment Proposal. Asset Management Company “NIKO” offers to interested investors to take part in financing the
Investments per 1 MW, mln EUR 1.52
construction of the Wind Power Station (WPS) with a capacity of 500 MW in Ukraine.
The total amount of the investment budget of this project is 760.0 million EUR, or 1.52 million EUR per 1 MW. WPS's nominal capacity, MW 500
Quantity of WPP, units 200
1 WPP’s nominal capacity, MW 2.5
Location of WPS-500. Western Ukraine, Chernivtsi region.
Electricity annual production (nominal),
4 380
mln kWh
Stage. At that moment experts of our company has investigated the territory of the region, made a preliminary assessment Electricity annual production (real), mln
1 445
of wind potential and electricity production of the future WPS, evaluated the technical ability for connection to the kWh
Utilization rate of installed capacity 0.33
government transmission network, pre-selected equipment for the construction of wind turbines (the final decision
according to the specifications will be made after the results of wind speed measurements). Fixed minimum size of “green” tariff
0.136
(incl. VAT), EUR/kWh
Market. Wind potential of Ukraine is estimated at 16-24 MW, which is about 30-45% of the capacity of all power plants of Fixed minimum size of “green” tariff
0.113
(excl. VAT), EUR/kWh
the country. The total capacity of existing Wind Power Stations in Ukraine is only 100 MW.
Year of First Sales 2013
Law regulation. Ukraine has established all of the most important conditions for the development of wind direction in its Year of full capacity achiving 2015
energy sector: introduced a relatively high “green tariff” (now acting), abolished all taxes on the import of energy-saving
Sales 2016, mln EUR 219.0
equipment, as well as canceled profit tax for enterprises, producing electricity from renewable energy sources.
EBITDA 2016, mln EUR 202.9
Net profit 2016, mln EUR 114.7
Gross Profit Margin, % 59.7
The scheme of functioning of the Ukrainian energy market
EBITDA Margin, % 92.6
Net Profit Margin,% 52.2
electricity export
TPP
VAT (avg. for 10 years), % 17.5
NPP exporter VAT on equipment import none
Kyiv
Profit tax (up to 2020), % 0.0
Wholesale
HPP
Energy Market
Pay-Back Period (PBP), years 6.3
thermoelectric distributing companies
plants (oblenergos) Discounted Pay-Back Period (DPBP),
7.6
years
WPP
Internal rate of return (IRR), % 22.8
other commercial residential
Chernivtsi producers consumers consumers
For more information please contact
Julia Martynenko, Head of R&D, j.martynenko@niko.ua
or Volodymyr Gnatyshin, CEO, v.gnatyshin@niko.ua
Asset Management Company “NIKO” | Illinsky Business Center, 8 Illinska Str., Entrance 11, Kyiv, 04070, Ukraine
Т: +38 (044) 200 2122, F: +38 (044) 200 2123 | e-mail: amc@niko.ua | website: www.amc.niko.ua

2. ABOUT THE COMPANY
ASSET MANAGEMENT COMPANY “NIKO” is the investment company, a member of the international “NIKO” Group of companies. The main Company's activity priority is the development of global strategy and selection of the individual
instruments for each client: the formation of investment portfolio based on the client's requirements, operational management of the investment targets, share and debt capital raising, M&A, the development of new investment
projects and their implementation. The main Company's mission is to not only provide a full-range of wealth management services based on the total confidentiality but to guarantee the flexibility and formation of financial model which
matches all client's needs and expectations.
AMC “NIKO” areas of expertise among others include:
І) Investment Banking (fund raising, M&A);
ІІ) Alternative Investments (direct and venture investments, corporate treasury);
ІІІ) Asset Management (for private investors and corporate clients).
Established in 2006, the Company currently manages more than UAH 440 million in assets. The Company's activity is regulated by the State Commission on Securities and Stock Market of Ukraine (licence AB №456907 dated
05.02.2009).
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Asset Management Company “NIKO” | Illinsky Business Center, 8 Illinska Str., Entrance 11, Kyiv, 04070, Ukraine
Т: +38 (044) 200 2122, F: +38 (044) 200 2123 | e-mail: amc@niko.ua | website: www.amc.niko.ua