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Investing in Ukraine’s Reconstruction: Opportunities for UK Business
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Source: www.investportalua.com
Projects number
Projects value, USD bln
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Source: www.investportalua.com
Projects number
Projects value, USD bln
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ENERGY
1.1
650 MW DTEK POLTAVSKA WIND FARM
DTEK RENEWABLES LLC
Construction of a new wind power plant with a capacity of 650 MW and a projected annual electricity generation of over 2 billion kWh in the Poltava region
Total budget
1,157.0
USD mln
Required financing
1,007.0
USD mln
Property: Private
Location: Poltava Region
Project's Highlights
Type of financing: Debt financing ~ 60-70%
Financing structure: CAPEX – 100%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2025
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: On request
IRR, %: depending on financing conditions
DPP, years: On request
Revenue (per year), $ mln: 220 annualy on avg
EBITDA (per year), $ mln: 185 annualy on avg
20
ENERGY
1.3
WPW "WIND PARK WEST R"
WIND PARK WEST R LLC
Construction of a wind farm with a total capacity of 200.6 MW (34 wind turbines), including a new electric substation PS 330/35 on the southern part territory of Rivne regions
Total budget
351.0
USD mln
Required financing
351.0
USD mln
Property: Private
Location: Rivne Region
Project's Highlights
Type of financing: Equity financing
Financing structure: CAPEX – 100%
Project implementation stage: Under Implementation
Year the project started: 2021
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 52
IRR, %: 17.5
DPP, years: 5.7
Revenue (per year), $ mln: 77.4 (4th year)
EBITDA (per year), $ mln: 63.8 (4th year)
21
ENERGY
1.5
PLAKHTIYIVKA ENERGY COMPLEX
GURIS
Construction of an energy generating complex of wind turbines, solar panels and an energy storage system
Total budget
908.0
USD mln
Required financing
678.0
USD mln
Property: Private
Location: Odesa Region
Project's Highlights
Type of financing: Debt financing (MFIs, commercial banks)
Financing structure: CAPEX – 100%
Project implementation stage: Ready for implementation
Year the project started: 2023
Project launch period, years: 2.5
Expected Financial Indicators
NPV, $ mln: 1,771.0 (wind: 1066.0, solar: 705.0)
IRR, %: 18
DPP, years: 7
Revenue (per year), $ mln: 183.0 (annually) (wind: 130, solar: 53.0)
EBITDA (per year), $ mln: 138.0 (annually) (wind: 88, solar: 50)
22
CONSTRUCTION OF KANIV PUMPED STORAGE POWER PLANT
UKRHYDROENERGO PJSC
A new 1,000 MW pumped storage facility designed to enhance Ukraine’s grid flexibility, support the integration of renewable energy sources, and strengthen overall energy security
Location: Kaniv
Property: Public
Project's Highlights
Type of financing: Credit and own funds
Financing structure: CAPEX – 100%
Project implementation stage: Ready for Implementation
Year the project started: 1990
Project launch period, years: 5
Expected Financial Indicators
NPV, $ mln: 1917
IRR, %: 6.4
DPP, years: 19.8
Revenue (per year), $ mln: on request
EBITDA (per year), $ mln: on request
Total budget
1,979.0
USD mln
Required financing
USD mln
ENERGY
1.12
1,979.0
23
LVIV WIND FARM 100 MW
EUROCAPE UKRAINE LVIV LLC
The Lviv Wind Farm (WPP) project with a capacity of 100 MW is currently in an active development stage and plans to obtain a construction permit in Q1 2026
Location: Horodok City Territorial Community
Project's Highlights
Type of financing: Debt financing
Financing structure: CAPEX – 100%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2023
Project launch period, years: 4.5
Expected Financial Indicators
NPV, $ mln: 35.8
IRR, %: 12.1
DPP, years: 8
Revenue (per year), $ mln: 31.9
EBITDA (per year), $ mln: 23.8
Total budget
210.0
USD mln
Required financing
USD mln
ENERGY
1.20
200.0
Property: Private
24
ATLAS WIND PARK
UDPR LLC
The wind farm project in the Kyiv region with a capacity of 168 MW
Location: Kyiv Region
Project's Highlights
Type of financing: Debt financing, equity financing, project financing, trade credit
Financing structure: CAPEX – 98% / OPEX – 2%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2021
Project launch period, years: 4
Expected Financial Indicators
NPV, $ mln: 133.6
IRR, %: 14.5
DPP, years: 12
Revenue (per year), $ mln: 53.5 (5th years)
EBITDA (per year), $ mln: 44.5 (5th years)
Total budget
266.1
USD mln
Required financing
USD mln
ENERGY
1.25
200.0
Property: Private
25
PROCUREMENT OF 5 COILED TUBING FLEETS
UKRGASVYDOBUVANNYA JSC (NAFTOGAZ GROUP)
Coiled tubing is an essential multifunctional tool in the process of natural resource extraction. It is used to support the operation of the existing well stock, perform well workovers, enhance production, and bring new wells into production after drilling. Currently, Ukrgazvydobuvannya owns 7 coiled tubing fleets, which is insufficient to meet the needs of ongoing operations. Considering the planned significant increase in drilling volumes over the coming years, the expansion of the coiled tubing fleet is required
Location: Ukraine
Project's Highlights
Type of financing: Debt financing (IFIs, commercial banks) Project financing
Financing structure: CAPEX – 100%
Project implementation stage: Ready for implementation
Year the project started: 2025
Project launch period, years: 1
Expected Financial Indicators
NPV, $ mln: 7
IRR, %: 24.6
DPP, years: 7
Revenue (per year), $ mln: n/a
EBITDA (per year), $ mln: n/a
Total budget
24.9
USD mln
Required financing
USD mln
ENERGY
1.36
24.9
Property: Public
26
WIND POWER PLANT 40.002 MW
SPP DEVELOPMENT UKRAINE
A utility-scale Wind Power Plant developed in the Region which geographical conditions are favourable for wind energy development.
Location: Cherkasy Region
Project's Highlights
Type of financing: Project finance
Financing structure: CAPEX – 100%
Project implementation stage: Design
Year the project started: 2024
Project launch period, years: 1.8
Expected Financial Indicators
NPV, $ mln: 22.7
IRR, %: 13.4
DPP, years: 15.5
Revenue (per year), $ mln: 17.1
EBITDA (per year), $ mln: 14.4
Total budget
63.7
USD mln
Required financing
USD mln
ENERGY
1.52
44.6
Property: Private
27
HRECHANI PODY SPP
HELIOS STRATEGIA LLC
Design and construction solar power plant (153.3 MW) with Battery energy storage system (105MW/255MWh)
Location: South regions
Project's Highlights
Type of financing: Debt financing (IFIs, commercial banks)
Financing structure: CAPEX – 100%
Project implementation stage: Ready for implementation
Year the project started: 2025
Project launch period, years: 2
Expected Financial Indicators
NPV, $ mln: 287.7
IRR, %: 21.8
DPP, years: 9.8
Revenue (per year), $ mln: 43.7 (3rd year)
EBITDA (per year), $ mln: 42.3 (3rd year)
Total budget
139.0
USD mln
Required financing
USD mln
ENERGY
1.59
139.0
Property: Private
28
Ukrnafta has a large portfolio of assets, which is significantly underinvested. With 93 licences, Ukrnafta has selected the most promising fields and seeks to attract experienced partners to fully reveal their potential and obtain the highest level of hydrocarbon production on the most favourable terms.
Location: Ukraine
Project's Highlights
Type of financing: -
Financing structure: CAPEX – 100%
Project implementation stage: Concept
Year the project started: 2023
Project launch period, years: 5
Expected Financial Indicators
NPV, $ mln: 51.4
IRR, %: 35-207
DPP, years: 6.1
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Total budget
79.8
USD mln
Required financing
USD mln
79.8
PRODUCTION SHARING AGREEMENTS: 8 FIELDS
ENERGY
1.73
UKRNAFTA PJSC (NAFTOGAZ GROUP)
Property: Public
29
This project is aimed at improving the reliability of power supply in the Cherkasy region and preventing environmental disasters that may occur due to emergency shutdowns, as well as increasing the capacity of the crossing of the PNPP - Dnipro
Location:
Cherkasy Region
Project's Highlights
Type of financing: Debt
Financing structure: CAPEX – 99.72% / OPEX – 0.28%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2023
Project launch period, years: 4
Expected Financial Indicators
NPV, $ mln: 125.9 (15 years)
IRR, %: 39
DPP, years: 6.2
Revenue (per year), $ mln: 513 (15 year)
EBITDA (per year), $ mln: 506 (15 year)
Total budget
173.3
USD mln
Required financing
USD mln
173.3
NEW CONSTRUCTION OF TRANSIT OHL 330 KV POBUZKA –TALNE – POLIANA FROM SS 330 KV TALNE
ENERGY
1.76
UKRENERGO NPC
Property: Public
30
The project to build a 90.0 MW wind power plant in Berezivka is an extension project to Berezivka WPP phase I (57.6 MW), and being implemented to develop Ukraine's decentralised generation system
Location: Berezivka
Project's Highlights
Type of financing: Debt, project finance, grants etc
Financing structure: CAPEX – 99% / OPEX – 1%
Project implementation stage: Concept
Year the project started: 2024
Project launch period, years: 4
Expected Financial Indicators
NPV, $ mln: 51.5 (22 years)
IRR, %: 33.3
DPP, years: 9.2
Revenue (per year), $ mln: 36.3 (2030)
EBITDA (per year), $ mln: 31.5 (2030)
Total budget
127.0
USD mln
Required financing
USD mln
127.0
WPP BEREZIVKA - II PHASE CONSTRUCTION - 90.0 MW
ENERGY
1.82
NAFTOGAZ BIOENERGY (NAFTOGAZ GROUP)
Property: Public
31
TRANSPORT AND LOGISTICS
2.3
LOGISTICS HUB IN TRANSKARPATHIAN REGION
EURO LOGISTICS AND EUROCAR
Multimodal transshipment terminal developing as a part of logistics hub in Transcarpathian region in close proximity to the EU borders
Total budget
50.0
USD mln
Required financing
40.0
USD mln
Location: Solomonovo
Project's Highlights
Type of financing: 20% equity / 80% required investments
Financing structure: CAPEX – 100%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2022
Project launch period, years: 2
Expected Financial Indicators
NPV, $ mln: 5
IRR, %: 14.9
DPP, years: 9.2
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Property: Private
32
TRANSPORT AND LOGISTICS
2.8
LVIV – POLAND RAIL GAUGE CONSTRUCTION
Construction of 81 km of 1435-gauge rail-track from the Ukraine/Poland state border to Mostyska II section and further onto station Sknyliv (Lviv) as a part of the two EU TEN-T corridors. Includes reconstruction and replacement of tracks, construction of a passenger station and an intermodal terminal
Total budget
297.0
USD mln
Required financing
188.0
USD mln
Location: Lviv Region
Project's Highlights
Type of financing: -
Financing structure: -
Project implementation stage: Ready for implementation
Year the project started: 2025
Project launch period, years: 4
Expected Financial Indicators
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
UKRAINIAN RAILWAYS (UZ) JSC
Property: Public
33
TRANSPORT AND LOGISTICS
2.11
CONCESSION OF CHORNOMORSK CONTAINER TERMINAL
MINISTRY OF DEVELOPMENT
The Chornomorsk Container Terminal (CCT) is a 40-year concession opportunity in Ukraine's Sea port of Chornomorsk. The project includes two terminals (6 berths) - Container and Universal - for private development and operation
Total budget
49.0
USD mln
Required financing
49.0
USD mln
Property: PPP
Location: Chornomorsk
Project's Highlights
Type of financing: Project Finance by Private Partner
Financing structure: Equity and Debt combination decided by private partner
Project implementation stage: Ready for implementation
Year the project started: 2020
Project launch period, years: Long-term Opportunity
Expected Financial Indicators
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
34
TRANSPORT AND LOGISTICS
2.12
CONCESSION OF CHORNOMORSK FERRY TERMINAL
MINISTRY OF DEVELOPMENT
Concession of Railway and Ferry Complex (CFT) for ~30 years to unlock operational potential of underutilised terminals and assets through private management and investment
Total budget
10.4
USD mln
Required financing
10.4
USD mln
Property: PPP
Location: Chornomorsk
Project's Highlights
Type of financing: Project Finance by Private Partner
Financing structure: Equity and Debt combination decided by private partner
Project implementation stage: Ready for implementation
Year the project started: 2020
Project launch period, years: Long-term Opportunity
Expected Financial Indicators
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
35
TRANSPORT AND LOGISTICS
2.15
GRAIN CARGO TERMINAL IN PIVDENNYI SEAPORT
TEHAHRO LLC
Construction of the multifunctional marine terminal designed for transshipment of agricultural products, located in Odesa region, Ukraine
Total budget
179.4
USD mln
Required financing
102.2
USD mln
Property: Private
Location: Pivdenne
Project's Highlights
Type of financing: 45% equity, 55% debt
Financing structure: CAPEX – 100%
Project implementation stage: Ready
for implementation
Year the project started: 2020
Project launch period, years: 8
Expected Financial Indicators
NPV, $ mln: 62.4 (14 years)
IRR, %: 15.6
DPP, years: 8.3
Revenue (per year), $ mln: 656.9 (12 year)
EBITDA (per year), $ mln: 40.2 (12 year)
36
TRANSPORT AND LOGISTICS
2.18
MODERNISATION OF THE FLEET OF PJSC UKRAINIAN DANUBE SHIPPING COMPANY
UKRAINIAN DANUBE SHIPPING COMPANY (UDP) PJSC
Modernisation of the UDP river cargo fleet by replacing main and auxiliary engines to enhance performance cost-effectively without building new ships
Total budget
72.5
USD mln
Required financing
65.0
USD mln
Location: Izmail
Project's Highlights
Type of financing: 90% debt, 10% equity
Financing structure: CAPEX – 100%
Project implementation stage: Ready for implementation
Year the project started: 2022
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: 17.2 (14 years)
IRR, %: 24
DPP, years: 7
Revenue (per year), $ mln: 49.3 (5th year)
EBITDA (per year), $ mln: 7.5 (1 year)
Property: Public
37
TRANSPORT AND LOGISTICS
2.20
CREATION OF DRY CARGO LOGISTIC HUB
ALLSEEDS BLACK SEA LLC
Logistic hub under development based on Allseeds Group's existing dry cargo terminal and transshipment infrastructure, with an annual transshipment volume of 3 million tonnes
Total budget
118.0
USD mln
Required financing
118.0
USD mln
Property: Private
Location: Pivdenne
Project's Highlights
Type of financing: Equity 100%
Financing structure: -
Project implementation stage: Under Implementation
Year the project started: 2024
Project launch period, years: 1
Expected Financial Indicators
NPV, $ mln: 83.3
IRR, %: 14
DPP, years: 13
Revenue (per year), $ mln: 30.0 (1 year)
EBITDA (per year), $ mln: 16 (1 year)
38
TRANSPORT AND LOGISTICS
2.21
CONSTRUCTION OF GRAIN TERMINAL IN PIVDENNYI SEA PORT
PTI
Construction of a modern, high-tech, deep-water sea terminal with capacity of up to 5 million tones annual handling of agricultural products
Total budget
150.0
USD mln
Required financing
60.0
USD mln
Property: Private
Location: Odesa Region
Project's Highlights
Type of financing: Equity and/or debt (project finance)
Financing structure: -
Project implementation stage: Ready for implementation
Year the project started: 2024
Project launch period, years: 6
Expected Financial Indicators
NPV, $ mln: -
IRR, %: 17
DPP, years: 89
Revenue (per year), $ mln: 33.6
EBITDA (per year), $ mln: 18.5
39
TRANSPORT AND LOGISTICS
2.23
RESILIENT LOGISTICS HUB – WEST GATE REDEVELOPMENT
AVRORA GROUP
Resilient Logistics Hub is Ukraine’s first highly automated warehouse, with total area of 75,000 m² (2/3 class A + 1/3 high-bay), to be built on the site of a damaged complex near Kyiv with direct access to national transport corridors
Total budget
114.0
USD mln
Required financing
85.5
USD mln
Property: Private
Location: Near Kyiv
Project's Highlights
Type of financing: Debt & equity
Financing structure: CAPEX – 100%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2024
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 30.8 (12 years)
IRR, %: 11.1
DPP, years: 10.3
Revenue (per year), $ mln: 52.4 (FY2037)
EBITDA (per year), $ mln: 23.9 (FY2037)
40
IT AND COMMUNICATIONS
4.7
The implementation of 5G communication technology in Ukraine aims to provide 90% of the population with access to a high-speed mobile network featuring advanced mobile connectivity
Total budget
175.0
USD mln
Required financing
105.0
USD mln
Location: Ukraine
Project's Highlights
Type of financing: Debt, project finance
Financing structure: CAPEX – 66% / OPEX – 34%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2020
Project launch period, years: 6
Expected Financial Indicators
NPV, $ mln: 24
IRR, %: 25
DPP, years: 6.666666666666667
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Property: Private
5G NETWORK
LIFECELL LLC
41
IT AND COMMUNICATIONS
4.9
Swop of legacy DOCSIS broadband technology to GPON in 3 Ukrainian big cities: Kyiv, Lviv, Vinytsa and FTTB in Kharkiv
Total budget
25.0
USD mln
Required financing
12.5
USD mln
Location: Kyiv Region, Lviv Region, Vinnytsia Region, Kharkiv Region
Project's Highlights
Type of financing: Debt, project finance
Financing structure: CAPEX – 80% / OPEX – 20%
Project implementation stage: Under implementation
Year the project started: 2024
Project launch period, years: 4
Expected Financial Indicators
NPV, $ mln: 9.4
IRR, %: 6.8
DPP, years: 8.333333333333334
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Property: Private
GPON BROADBAND ROLLOUT
VOLIA DATAGROUP
42
IT AND COMMUNICATIONS
4.13
This strategic infrastructure programme focuses on modernising existing mobile networks and gradually deploying 5G-ready infrastructure across Ukraine. It includes LTE upgrades, new macro-sites, fibre backhaul, and preparation for 700 MHz and 3.5 GHz 5G rollout. The project supports national digitalisation goals and Ukraine’s future integration into the European Digital Single Market.
Total budget
86.2
USD mln
Required financing
51.7
USD mln
Project's Highlights
Type of financing: Loan / project / structured / donor or blended finance
Financing structure: CAPEX – 100%
Project implementation stage: Under implementation
Year the project started: 2022
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 24.4 (10 years)
IRR, %: 20.1
DPP, years: 8
Revenue (per year), $ mln: 29.5 (2029 year)
EBITDA (per year), $ mln: 18 (2029 year)
Property: Private
5G PROJECTS AND NETWORK MODERNIZATION
VF UKRAINE PJSC
Location: Ukraine
43
IT AND COMMUNICATIONS
4.15
Development of a secure, Tier III-certified underground data centre in a protected region of Western Ukraine to ensure digital resilience and hosting capacity for both commercial and national infrastructure
Total budget
15.0
USD mln
Required financing
10.0
USD mln
Project's Highlights
Type of financing: Project finance
Financing structure: CAPEX – 100%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2025
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 27.4
IRR, %: 29.9
DPP, years: 9
Revenue (per year), $ mln: 10
EBITDA (per year), $ mln: 7.9
Property: Private
CONSTRUCTION OF UNDERGROUND TIER III DATA CENTRE
VF UKRAINE PJSC
Location: Ukraine
44
IT AND COMMUNICATIONS
4.22
B2B marketplace connecting over 15,000 verified Ukrainian manufacturers with global buyers via AI platform. Accelerating economic recovery through verified trade and end-to-end export solutions
Total budget
2.4
USD mln
Required financing
2.3
USD mln
Project's Highlights
Type of financing: Equity
Financing structure: CAPEX – 33% / OPEX – 67%
Project implementation stage: Under Implementation
Year the project started: 2023
Project launch period, years: 1
Expected Financial Indicators
NPV, $ mln: 16.6 (6 years)
IRR, %: 54
DPP, years: 4.1
Revenue (per year), $ mln: 9.6 (year 6)
EBITDA (per year), $ mln: 5.3 (year 6)
Property: Private
FAKTORIST
FAKTORIST UKRAINE LLC
Location: Ukraine
45
AGRIFOOD
5.11
MA’RIJANY project is implementing the first modern production of long textile fibre from industrial hemp in Ukraine (the processing technology is also suitable for obtaining textile fibre from flax). The goal is to create a business for the primary processing of hemp stalk with the subsequent production of long hemp fibre for the textile industry (main business), short fibre and shives (by-products of processing).
Total budget
101.0
USD mln
Required financing
40.0
USD mln
Property: Private
Location: Ryzhany village
Project's Highlights
Type of financing: Equity, private investing
Financing structure: CAPEX – 80% / OPEX – 20%
Project implementation stage: Ready for implementation
Year the project started: 2021
Project launch period, years: 4
Expected Financial Indicators
NPV, $ mln: 43.5 (10 years)
IRR, %: 13.5
DPP, years: 6
Revenue (per year), $ mln: 68.6 (5th year)
EBITDA (per year), $ mln: 33.2 (5th year)
MA'RIJANY - PROCESSING INDUSTRIAL HEMP INTO LONG FIBER FOR THE TEXTILE INDUSTRY AND SUPPORTING FARMERS IN UKRAINE
MA’RIJANY HOLDING LLC
46
AGRIFOOD
5.13
Creation of a raw material base for the production of semi-finished products and sausages under Globino TM. Quality control and ensuring sustainable volumes of chicken for LLC “GLOBYNSKYI M’YASOKOMBINAT”. Sales of chilled chicken to the EU market. Increasing competition on the Ukrainian market, increasing variety for consumers
Total budget
142.4
USD mln
Required financing
99.7
USD mln
Property: Private
Location: Poltava Region
Project's Highlights
Type of financing: Debt
Financing structure: CAPEX – 83.8% / OPEX – 16.2%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2024
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 3.65
IRR, %: 35.8
DPP, years: 5
Revenue (per year), $ mln: 327.1
EBITDA (per year), $ mln: 111.5
CONSTRUCTION OF FACILITIES FOR INCUBATION, FATTENING AND PROCESSING OF BROILER CHICKENS
GLOBYNSKYI M’YASOKOMBINAT LLC
47
HEMPY UA INDUSTRIAL PARK
HEMPY UA
HEMPY UA is a Ukrainian project focused on the cultivation and processing of industrial hemp in line with modern ecological and innovative standards
Total budget
163.0
USD mln
Required financing
163.0
USD mln
Property: Private
Location: Dubno
Project's Highlights
Type of financing: A mixed model including equity investment, project finance, and potential concessional debt
Financing structure: CAPEX – 70% / OPEX – 30%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2023
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 42.5 (10 years)
IRR, %: 33.9
DPP, years: 4.5
Revenue (per year), $ mln: 48.1 (8th year)
EBITDA (per year), $ mln: 24 (8th year)
AGRIFOOD
5.15
48
AGRIFOOD
5.22
VOLIA AGRI-FOOD PARK VINNYTSIA
The Volia Agri-food Park Vinnytsia industrial park specializes in agri-food processing, so its infrastructure development is directly related to agricultural product processing and is an integral part of the project to establish food processing enterprises. Currently, $3.36 million in equity capital is planned to be raised for the park's infrastructure. Future stages will involve mixed financing, combining equity and debt instruments
Total budget
91.0
USD mln
Required financing
20.0
USD mln
Property: Private
Location: Vinnytsia
Project's Highlights
Type of financing: Debt / equity
Financing structure: CAPEX – 90% / OPEX – 10%
Project implementation stage: Under implementation
Year the project started: 2022
Project launch period, years: 5
Expected Financial Indicators
NPV, $ mln: 7.2
IRR, %: 36.5
DPP, years: 3
Revenue (per year), $ mln: n/a
EBITDA (per year), $ mln: n/a
UPARKS LLC
49
AGRIFOOD
5.25
CARBON-NEUTRAL INDUSTRIAL PARK “ECO AGRO HUB PODILLYA “HORODOK”
The industrial park project will include the construction of Oil Extraction Plant, Bioethanol Plant, Biomethane Plant
Total budget
500.0
USD mln
Required financing
350.0
USD mln
Property: Private
Location: Khmelnytskyi Region
Project's Highlights
Type of financing: Debt, equity, project finance etc.
Financing structure: CAPEX – 80% / OPEX – 20%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2023
Project launch period, years: 2.5
Expected Financial Indicators
NPV, $ mln: 225 (12 years)
IRR, %: 25.2
DPP, years: 8
Revenue (per year), $ mln: 540 (3rd year)
EBITDA (per year), $ mln: 140 (3rd year)
EPICENTR K LLC
50
AGRIFOOD
5.30
СONSTRUCTION OF A MULTICULTURAL OIL EXTRACTION PLANT
The project will develop Eridon Group's agricultural products. It includes an oil extraction plant and a sunflower lecithin production facility at an existing industrial site
Total budget
57.3
USD mln
Required financing
28.1
USD mln
Property: Private
Location: Kyiv Region
Project's Highlights
Type of financing: Equity
Financing structure: CAPEX – 83% / OPEX – 17%
Project implementation stage: Concept
Year the project started: 2025
Project launch period, years: 2025 (in case of funding)
Expected Financial Indicators
NPV, $ mln: 0.3 (11 years)
IRR, %: 13.7
DPP, years: 10.9
Revenue (per year), $ mln: 95.1 (3rd year)
EBITDA (per year), $ mln: 11.9 (3rd year)
ECOTRANS LLC (Eridon Group)
51
HEALTHСARE
7.18
Zhytomyr City Council is interested in building a new consolidated multidisciplinary hospital for the needs of the entire community. It should be a hospital for the diagnosis and treatment of a wide range of diseases with a centralised location of departments
Total budget
153.6
USD mln
Required financing
153.6
USD mln
Property: PPP
Project's Highlights
Type of financing: PPP
Financing structure: Initial CAPEX are financed by a private partner through equity and debt capital and donor’s funds (approximately 60%)
Project implementation stage: Concept
Year the project started: 2025
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
Location: Zhytomyr
Zhytomyr City Council
PPP PROJECT “NEW MULTIDISCIPLINARY HOSPITAL IN ZHYTOMYR”
52
HEALTHСARE
7.19
To improve healthcare services to its residents, Vinnytsia City wishes to reorganise the municipal hospitals network and consolidate existing outdated inefficient healthcare facilities into a greenfield modern multi-profile hospital on 300 beds. The City would like to attract a private operator to finance, design, construct, equip and maintain the new hospital under a public-private partnership (PPP) model
Total budget
137.2
USD mln
Required financing
137.2
USD mln
Property: Public
Project's Highlights
Type of financing: PPP
Financing structure: Initial CAPEX are financed by a private partner through equity and debt capital and donor’s funds (approximately 60%).
Project implementation stage: Concept
Year the project started: 2026
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
Location: Vinnytsia
VINNYTSIA CITY COUNCIL
PPP PROJECT “NEW MULTIDISCIPLINARY HOSPITAL IN VINNYTSIA”
53
CRITICAL MATERIALS
8.1
BGV GRAPHITE: CONCENTRATE PRODUCTION
Development of the Balakhivka graphite deposit with 44.0 million tonnes of NI 43-101-compliant reserves within the licensed area (185.0 million tonnes total explored reserves). The project includes construction of a mine with a 29-year life of mine (extendable) and a graphite concentrate plant with a base capacity of 50.0 thousand tonnes per year
Total budget
100.0
USD mln
Required financing
52.4
USD mln
Property: Private
Project's Highlights
Type of financing: 60/40 (debt/equity)
Financing structure: CAPEX – 88% / OPEX – 12%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2019
Project launch period, years: 4.5
Expected Financial Indicators
NPV, $ mln: 169
IRR, %: 35
DPP, years: 5.1
Revenue (per year), $ mln: 52.0 (average over Life of Mine)
EBITDA (per year), $ mln: 26.9 (average over Life of Mine)
BGV GROUP MANAGEMENT LLC
Location: Petrivskii
District, Kirovohrad Region
54
CRITICAL MATERIALS
8.4
UKRAINIAN CRITICAL RAW MATERIALS CLUSTER. PHASE 1
The Ukrainian Titanium Cluster, led by Velta Holding, is a strategic industrial initiative aimed at restoring Ukraine’s position in global markets of critical raw materials (CRM) and high-tech titanium products. Phase 1 focuses on expanding production of strategic minerals: titanium, zircon derivatives, and hafnium
Total budget
142.5
USD mln
Required financing
44.0
USD mln
Property: Private
Project's Highlights
Type of financing: Equity, project finance, working capital
Financing structure: CAPEX – 100%
Project implementation stage: Under Implementation
Year the project started: 2025
Project launch period, years: 1.5
Expected Financial Indicators
NPV, $ mln: 299
IRR, %: 47
DPP, years: 5.5
Revenue (per year), $ mln: 230.0 (3rd year)
EBITDA (per year), $ mln: 95.0 (3rd year)
VELTA MINERALS LLC
Location: Novoukrainskyi District, Kirovohrad Region
55
CRITICAL MATERIALS
8.6
POLOKHIVSKE LITHIUM PROJECT
UKRLITHIUMMINING LLC (ULM) is the developer and owner of production license for the Polokhivske Lithium Project
Total budget
370.0
USD mln
Required financing
350.0
USD mln
Property: Private
Project's Highlights
Type of financing: Debt/equity
Financing structure: CAPEX – 90% / OPEX – 10%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2025
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 828
IRR, %: 50
DPP, years: 6
Revenue (per year), $ mln: 5400.0 (average over Life of Mine)
EBITDA (per year), $ mln: 260.0 (average over Life of Mine)
UKRLITHIUMMINING LLC
Location: Mala Vyska, Kirovohrad Region
56
CRITICAL MATERIALS
8.11
EASTERN ORE DRESSING COMPLEX is a state-owned enterprise, one of the largest uranium mining centers in the world. The target is building of the mining enterprise with the capacity of 1,500 thousand tonnes of uranium ore per year
Total budget
565.0
USD mln
Required financing
445.0
USD mln
Project's Highlights
Type of financing: Project finance
Financing structure: CAPEX – 100%
Project implementation stage: Construction (on hold)
Year the project started: 2000
Project launch period, years: 7
Expected Financial Indicators
NPV, $ mln: 195
IRR, %: 18
DPP, years: 9
Revenue (per year), $ mln: 375.0 (in 2nd year after sturt-up)
EBITDA (per year), $ mln: 260.0 (in 2nd year after sturt-up)
Location:
Novokostyantynivske deposit
INCREASE IN URANIUM ORE MINING
AT THE NOVOKOSTIANTYNIVSKE DEPOSIT
EASTERN ORE DRESSING COMPLEX STATE ENTERPRISE
Property: Public
57
CRITICAL MATERIALS
8.12
It is one of the leading mining and processing enterprises in Ukraine. Since 2006, the company has been developing the Volchansk complex alluvial titanium and zircon deposit in the Dnepropetrovsk Oblast
Suggested price
TBD
USD mln
Project's Highlights
Type of financing: -
Financing structure: -
Project implementation stage: For Sale
Year the project started: 2026
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: On request
IRR, %: On request
DPP, years: On request
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Location: Novoandriivka village
LARGE PRIVATISATION. DEMURINSKY MINING AND PROCESSING PLANT LLC
STATE PROPERTY FUND OF UKRAINE
Property: Private
58
Sumykhimprom specialises in the production of fertilisers and inorganic chemicals. It is Ukraine’s only producer of phosphate fertilisers and a major producer of titanium dioxide pigment
Total budget
28.8
USD mln
Required financing
28.8
USD mln
Project's Highlights
Type of financing: -
Financing structure: -
Project implementation stage: For Sale
Year the project started: -
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
LARGE PRIVATISATION. SUMYKHIMPROM PJSC
STATE PROPERTY FUND OF UKRAINE
Location: Sumy
INDUSTRIAL MANUFACTURING
9.44
Privatisation
59
CONSTRUCTION MATERIALS AND STRUCTURES
10.1
A waste heat recovery system (WHRS) to enhance energy efficiency by converting residual heat from clinker burning process into electricity. The project aims to reduce operating costs through energy optimisation
Total budget
29.0
USD mln
Required financing
20.3
USD mln
Project's Highlights
Type of financing: Debt, Grants
Financing structure: CAPEX – 100%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2024
Project launch period, years: 2
Expected Financial Indicators
NPV, $ mln: 14.4
IRR, %: 19
DPP, years: 9.9
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: 6.5 (4th year)
Location: Kryvyi Rih
WASTE HEAT RECOVERY SYSTEM
KRYVYI RIG CEMENT PrJSC
Property: Private
60
10.2
The project involves upgrading the clinker kiln for alternative fuel / Refuse-Derived Fuel (RDF) utilisation up to 45% Thermal Substitution Rate (TSR) and increase its capacity to 4.0 thousand tonnes per day (15% increase) to meet increasing cement demand and leverage the growing alternative fuel market in Ukraine
Total budget
25.0
USD mln
Required financing
17.5
USD mln
Project's Highlights
Type of financing: Debt, Grants
Financing structure: CAPEX – 100%
Project implementation stage: Ready for implementation
Year the project started: 2024
Project launch period, years: 2.5
Expected Financial Indicators
NPV, $ mln: 39.8
IRR, %: 29
DPP, years: 6.4
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: 12
Location: Kryvyi Rih
CLINKER KILN CAPACITY INCREASE AND AF INTRODUCTION
KRYVYI RIG CEMENT PrJSC
Property: Private
CONSTRUCTION MATERIALS AND STRUCTURES
61
10.3
Maximisation of coal substitution with RDF fuel while maintaining clinker quality. According to the plan, RDF will be fed into the main burner, where approximately 50% of the total fuel is combusted, with the remaining fuel burned in the calciner. The RDF substitution rate will be at least: 15% in the main burner and 7% in the overall kiln system. The use of RDF helps reduce landfill waste volumes by up to 80% and lowers CO₂ emissions by up to 60% compared to coal
Total budget
4.4
USD mln
Required financing
3.0
USD mln
Project's Highlights
Type of financing: Debt / grants
Financing structure: CAPEX – 100%
Project implementation stage: Concept
Year the project started: 2026
Project launch period, years: 1
Expected Financial Indicators
NPV, $ mln: 4.3
IRR, %: 25
DPP, years: 6.3
Revenue (per year), $ mln: 1.3
EBITDA (per year), $ mln: 1.3
Location: Kryvyi Rih
KRYVYI RIG CEMENT PrJSC
Property: Private
MODERNISATION FOR REFUSE-DERIVED FUEL USE IN CLINKER FIRING
CONSTRUCTION MATERIALS AND STRUCTURES
62
10.4
Kryvyi Rig Cement and the Kryvyi Rih City Council are implementing a joint investment project for the construction of a mechanical-biological treatment (MBT) facility for municipal solid waste processing and the production of alternative fuel (RDF/SRF) in the city of Kryvyi Rih. RDF is a high-quality fuel that can be used at the cement plant (80 kton annual). This will allow replacing up to 50% of coal with alternative fuel
Total budget
50.0
USD mln
Required financing
40.0
USD mln
Project's Highlights
Type of financing: Equity / grants / debt
Financing structure: CAPEX – 100%
Project implementation stage: Concept
Year the project started: 2025
Project launch period, years: 4
Expected Financial Indicators
NPV, $ mln: 19.7
IRR, %: 11
DPP, years: 19.1
Revenue (per year), $ mln: 50
EBITDA (per year), $ mln: 5.2
Location: Kryvyi Rih
KRYVYI RIG CEMENT PrJSC KRYVYI RIH CITY COUNCIL
Property: PPP
WASTE PROCESSING PLANT WITH REFUSE-DERIVED FUEL PRODUCTION
CONSTRUCTION MATERIALS AND STRUCTURES
63
10.5
Launch of two precast concrete plants in Kyiv and Lviv to provide cost-effective, high-quality materials for the construction of a 150,000 m²
Total budget
40.0
USD mln
Required financing
40.0
USD mln
Project's Highlights
Type of financing: Equity / project finance / debt
Financing structure: CAPEX – 80% / OPEX – 20%
Project implementation stage: Ready for implementation
Year the project started: 2024
Project launch period, years: 2
Expected Financial Indicators
NPV, $ mln: 0.9
IRR, %: 11
DPP, years: 9.6
Revenue (per year), $ mln: 37.6 (2030 year)
EBITDA (per year), $ mln: 8.5 (2030 year)
Location: Lviv
CONSTRUCTION OF TWO PRECAST CONCRETE PLANTS
UKRTRADE CAPITAL
Property: Private
CONSTRUCTION MATERIALS AND STRUCTURES
64
10.6
Manufacturing project for production of float and coated glass to meet the rising domestic demand across various industries
Total budget
275.2
USD mln
Required financing
241.2
USD mln
Project's Highlights
Type of financing: Debt, Equity
Financing structure: CAPEX – 93% / OPEX – 7%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2024
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 460.5
IRR, %: 32.2
DPP, years: 8.4
Revenue (per year), $ mln: 187.7 (2030 year)
EBITDA (per year), $ mln: 99.5 (2030 year)
Location: Kyiv Region
CONSTRUCTION OF A FLOAT GLASS PLANT
EFI Group LLC
Property: Private
CONSTRUCTION MATERIALS AND STRUCTURES
65
10.7
Establishing a float glass plant as a key producer in the domestic market. The project seeks to capture a substantial market share and serve as the core of a glass industrial cluster within a specified industrial zone
Total budget
150.0
USD mln
Required financing
100.0
USD mln
Project's Highlights
Type of financing: Debt
Financing structure: CAPEX – 65% / OPEX – 35%
Project implementation stage: Ready for implementation
Year the project started: 2018
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 38.1
IRR, %: 46
DPP, years: 6.7
Revenue (per year), $ mln: 103.9 (2030 year)
EBITDA (per year), $ mln: 40.5 (2030 year)
Location: Berezan
CONSTRUCTION OF A FLOAT GLASS PLANT
BEREZAN FLOAT GLASS PLANT LLC
Property: Private
CONSTRUCTION MATERIALS AND STRUCTURES
66
10.8
The project includes construction of two glass factory: in Zakarpattia region within industrial parks with all the original advantages (VAT exempt, tax incentives etc.) and Chernihiv region
Total budget
280.0
USD mln
Required financing
220.0
USD mln
Project's Highlights
Type of financing: Debt, equity, project finance
Financing structure: -
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2025
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 365.1
IRR, %: 31.4
DPP, years: 5.083333333333333
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: 63
Location: Zakarpattia Region, Chernihiv Region
SHEET GLASS FACTORY
UKRGLASS INDUSTRY LLC
Property: Private
CONSTRUCTION MATERIALS AND STRUCTURES
67
10.9
The project involves the construction of a modern float glass manufacturing plant, which will fulfill internal demand and reduce reliance on imports
Total budget
243.7
USD mln
Required financing
243.7
USD mln
Project's Highlights
Type of financing: Debt, equity, project finance
Financing structure: -
Project implementation stage: Ready for implementation
Year the project started: 2024
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 373
IRR, %: 18.4
DPP, years: 3
Revenue (per year), $ mln: 122.4
EBITDA (per year), $ mln: 62.9
Location: Poltava Region, Semenivka
FLOAT GLASS MANUFACTURING
ECO GLASS LLC
Property: Private
CONSTRUCTION MATERIALS AND STRUCTURES
68
10.10
Project plans to construct a new hot-dip galvanising line to improve operational efficiency and optimise energy consumption. Diversification into higher-margin products
Total budget
4.0
USD mln
Required financing
2.0
USD mln
Project's Highlights
Type of financing: Debt
Financing structure: CAPEX – 90% / OPEX – 10%
Project implementation stage: Ready for implementation
Year the project started: 2024
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 1.5
IRR, %: 26
DPP, years: 4.8
Revenue (per year), $ mln: 1.4
EBITDA (per year), $ mln: 0.9
Location: Dnipro
DNIPROMETYZ TAS LLC
Property: Private
CONSTRUCTION OF A NEW HOT-DIP GALVANISING LINE FOR STEEL WIRE
CONSTRUCTION MATERIALS AND STRUCTURES
69
Establishing a production complex for manufacturing nail products to gain a strong position in the Ukrainian and global construction nails markets
Total budget
17.0
USD mln
Required financing
13.0
USD mln
Project's Highlights
Type of financing: Equity, project financing, leasing
Financing structure: CAPEX – 100%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2025
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 10.4
IRR, %: 23
DPP, years: 6.3
Revenue (per year), $ mln: 29.8
EBITDA (per year), $ mln: 7.7 (1 year)
Location: Poltava Region, Semenivka
CONSTRUCTION NAILS PRODUCTION
ART BUD SERVICE LLC
Property: Private
10.11
CONSTRUCTION MATERIALS AND STRUCTURES
70
10.12
Reconstruction of a sawmill complex for full-cycle wood processing, including the construction of a biomass-fired thermal power plant (TPP) and a wood pellet production facility. The project aims to increase production capacity and focus on high-margin structural timber products
Total budget
40.4
USD mln
Required financing
31.4
USD mln
Project's Highlights
Type of financing: Project Finance
Financing structure: CAPEX – 100%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2024
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 49.2
IRR, %: 27.2
DPP, years: 6
Revenue (per year), $ mln: 43.0 (2030 year)
EBITDA (per year), $ mln: 16.5 (2030 year)
Location: Odesa
ENERGOBUDIVNYK PRIVATE ENTERPRISE
Property: Private
EXPANSION OF WOODWORKING – TIMBER & FURNITURE PANELS
CONSTRUCTION MATERIALS AND STRUCTURES
71
10.13
Construction of a house assembly plant using Fachwerk and CLT (Cross-Laminated Timber) panel technology on a German assembly line with further sales on foreign markets. CLT panels have excellent thermal insulation properties, which, in combination with Fachwerk, where great attention is paid to energy efficiency by filling the frame with insulating materials, ensures a high level of energy efficiency for the building
Total budget
7.2
USD mln
Required financing
7.2
USD mln
Project's Highlights
Type of financing: Equity financing (equity injection)
Financing structure: n/a
Project implementation stage: Ready for implementation
Year the project started: 2024
Project launch period, years: 2
Expected Financial Indicators
NPV, $ mln: 17.065952380952382
IRR, %: 13.8
DPP, years: 2
Revenue (per year), $ mln: n/a
EBITDA (per year), $ mln: n/a
Location: Odesa (Odesa region)
GREENTEC ODESA LLC
Property: Private
CONSTRUCTION OF A PLANT FOR CONVEYOR PRODUCTION OF ENERGY-EFFICIENT STRUCTURES (MODULAR HOUSES)
CONSTRUCTION MATERIALS AND STRUCTURES
72
Establishing a modern facility to manufacture sandwich panels for efficient construction of industrial, commercial, and modular buildings
Total budget
5.0
USD mln
Required financing
4.5
USD mln
Project's Highlights
Type of financing: Debt financing, project financing, leasing
Financing structure: CAPEX – 90% / OPEX – 10%
Project implementation stage: Under Implementation
Year the project started: 2024
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 0.8
IRR, %: 18.7
DPP, years: 5
Revenue (per year), $ mln: 15.0 (2030 year)
EBITDA (per year), $ mln: 1.7 (2030 year)
Location: Kyiv Region
MANUFACTURING OF SANDWICH PANELS
RED BUD LLC
Property: Private
10.14
CONSTRUCTION MATERIALS AND STRUCTURES
73
The construction of a factory specialising in the production of thermal insulation materials using basalt fibres. Its aim is to address the demand for energy efficiency in various construction sectors
Total budget
54.0
USD mln
Required financing
54.0
USD mln
Project's Highlights
Type of financing: Equity / debt / other conditions
Financing structure: CAPEX – 80% / OPEX – 20%
Project implementation stage: Under Implementation
Year the project started: 2024
Project launch period, years: 2
Expected Financial Indicators
NPV, $ mln: 51.1
IRR, %: 23
DPP, years: 2
Revenue (per year), $ mln: 44.0 (2030 year)
EBITDA (per year), $ mln: 34.8 (2030 year)
Location: Rivne
BASALT THERMAL INSULATION PLANT
Property: Private
GOLD A.V.E. LLC
10.15
CONSTRUCTION MATERIALS AND STRUCTURES
74
Launching an energy-efficient production facility for moulded siding, reaching 100% equipment capacity in 4 years
Total budget
1.9
USD mln
Required financing
1.9
USD mln
Project's Highlights
Type of financing: Loan
Financing structure: CAPEX – 90% / OPEX – 10%
Project implementation stage: Ready for implementation
Year the project started: 2024
Project launch period, years: 2
Expected Financial Indicators
NPV, $ mln: 3
IRR, %: 3
DPP, years: 4.133333333333334
Revenue (per year), $ mln: 3.9 (3rd year)
EBITDA (per year), $ mln: 1.9 (3rd year)
Location: Vinnytsia
MOULDED SIDING PRODUCTION
BAZIS 2011 LLC
Property: Private
10.16
CONSTRUCTION MATERIALS AND STRUCTURES
75
Creating industrial park, construction brick manufacturing and build-to-rent property within the park
Total budget
86.4
USD mln
Required financing
86.4
USD mln
Project's Highlights
Type of financing: Debt, equity, project finance etc
Financing structure: -
Project implementation stage: Ready for implementation
Year the project started: 2025
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 58.5
IRR, %: 17.6
DPP, years: 10
Revenue (per year), $ mln: 212
EBITDA (per year), $ mln: 39
Location: Byshiv district of Kyiv region
INDUSTRIAL PARK ZMIIV VAL
PLAM LLC
Property: Private
10.17
CONSTRUCTION MATERIALS AND STRUCTURES
76
Berezan Architectural Glass with Functional Coatings, with a capacity of 5 million m² per year, within the City of Glass Industrial Park – Phase 2 of the Berezan Float Glass Project.
Total budget
30.0
USD mln
Required financing
20.0
USD mln
Project's Highlights
Type of financing: Project finance
Financing structure: CAPEX – 90% / OPEX – 10%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2026
Project launch period, years: 2
Expected Financial Indicators
NPV, $ mln: 10
IRR, %: 40
DPP, years: 6
Revenue (per year), $ mln: 20
EBITDA (per year), $ mln: 10
Location: Kyiv Region
BEREZAN ARCHITECTURAL GLASS
BEREZAN FLOAT GLASS PLANT LLC
Property: Private
10.18
CONSTRUCTION MATERIALS AND STRUCTURES
77
Construction and launch of an autoclaved aerated concrete (AAC) plant as the first/anchor resident of the TR-FORGE industrial park.
Total budget
12.6
USD mln
Required financing
8.0
USD mln
Project's Highlights
Type of financing: Debt, Equity, Project financing
Financing structure: CAPEX – 50% / OPEX – 50%
Project implementation stage: Feasibility study/pre-feasibility study
Year the project started: 2024
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 11.1
IRR, %: 36.1
DPP, years: 5.3
Revenue (per year), $ mln: 36.77
EBITDA (per year), $ mln: 7.91
Location: Kyiv Region, Rzhyshchiv city
DEVELOPMENT OF THE TR-FORGE INDUSTRIAL PARK
ECO GREEN ENERGY LLC
Property: Private
10.19
CONSTRUCTION MATERIALS AND STRUCTURES
78
DEFENCE TECH
11.1
HIMERA is a Ukrainian developer of communication systems for Defense Forces, providing battlefield-ready solutions for modern warfare
Total budget
36.5
USD mln
Required financing
10.0
USD mln
Project's Highlights
Type of financing: Equity
Financing structure: CAPEX – 20% / OPEX – 80%
Project implementation stage: Under Implementation
Year the project started: 2023
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: On request
IRR, %: On request
DPP, years: On request
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Location: Ukraine
HIMERA
HIMERA UKRAINE LLC
Property: Private
79
DEFENCE TECH
11.2
Development of counter-drone systems designed to neutralize Shahed-type threats, with production based in the EU to ensure reliability, strengthen Ukraine’s defence capabilities, and address the growing demand across NATO member states.
Total budget
75.0
USD mln
Required financing
45.0
USD mln
Project's Highlights
Type of financing: -
Financing structure: -
Project implementation stage: -
Year the project started: -
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: On request
IRR, %: On request
DPP, years: On request
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Location: Ukraine
DEVELOPING EU-BASED COUNTER-DRONE SYSTEMS TO NEUTRALIZE SHAHED-LIKE THREATS, STRENGTHEN UKRAINE’S DEFENCE, AND SUPPLY NATO
CDBS LLC
Property: Private
80
DEFENCE TECH
11.3
UAV bombers are vulnerable to small arms and EW, limiting daytime operations. Free-fall munitions lack accuracy at higher altitudes. This reduces strike efficiency and increases UAV losses. A guided weapon system is proposed to address these issues. It includes guided munitions and onboard UAV targeting equipment
Total budget
39.0
USD mln
Required financing
39.0
USD mln
Project's Highlights
Type of financing: Debt
Financing structure: CAPEX – 85% / OPEX – 15%
Project implementation stage: Under Implementation
Year the project started: 2023
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: > 0
IRR, %: depends on the investments
DPP, years: depends on the investments
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Location: Ukraine
STRIKE DRONE R-34 + LASER GUIDED MUNITION
FRDM Group
Property: Private
81
DEFENCE TECH
11.4
Swarmer develops AI-driven software that transforms drones into autonomous, collaborative assets, enabling a single operator to manage multiple drones efficiently
Total budget
39.0
USD mln
Required financing
15.0
USD mln
Project's Highlights
Type of financing: Equity, project finance
Financing structure: CAPEX – 20% / OPEX – 80%
Project implementation stage: Under Implementation
Year the project started: 2023
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: 11.5 (5 years)
IRR, %: 35-45
DPP, years: 4
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Location: Ukraine
SWARMER
AUTONOMOUS ROBOTIC SYSTEMS LLC
Property: Private
82
DEFENCE TECH
11.11
Toloka is an autonomous underwater demining system designed to detect, classify, and neutralize naval mines in rivers, ports, and coastal waters. The project aims to enhance safety and efficiency in military and humanitarian demining operations
Total budget
15.0
USD mln
Required financing
12.0
USD mln
Project's Highlights
Type of financing: -
Financing structure: -
Project implementation stage: -
Year the project started: -
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: On request
IRR, %: On request
DPP, years: On request
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Location: Ukraine
TOLOKA
INTELLI LLC
Property: Private
83
DEFENCE TECH
11.12
An emerging defence robotics venture developing advanced autonomous unmanned ground vehicles (UGVs) to reduce soldier risk in combat. The platforms are field-tested in Ukraine and designed with modular versatility for multiple battlefield missions.
Total budget
10.0
USD mln
Required financing
10.0
USD mln
Project's Highlights
Type of financing: -
Financing structure: -
Project implementation stage: -
Year the project started: -
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: On request
IRR, %: On request
DPP, years: On request
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Location: Ukraine
PROJECT ROBOT
RATEL
Property: Private
84
DEFENCE TECH
11.13
Roboneers is a pioneer in the development of combat ground drones in Ukraine and the first whose products have been officially approved by the military for use on the frontline
Total budget
50.0
USD mln
Required financing
8.0
USD mln
Project's Highlights
Type of financing: -
Financing structure: -
Project implementation stage: -
Year the project started: -
Project launch period, years: -
Expected Financial Indicators
NPV, $ mln: On request
IRR, %: On request
DPP, years: On request
Revenue (per year), $ mln: On request
EBITDA (per year), $ mln: -
Location: Ukraine
ROBONEERS
GLOBAL DYNAMICS LLC
Property: Private
85
DEFENCE TECH
11.14
The UMP-2 ‘RAVLYK’ universal mobile platform is an electric, all-wheel-drive, remotely controlled ground platform with a 6x6 wheel configuration and high performance characteristics. Its main task is logistics and evacuation missions in difficult conditions. RAVLYK is a universal platform that can be equipped with a mine clearance system using rollers or explosive detonation, a fire extinguishing system, various combat modules, an unmanned mine laying system, a telescopic antenna surveillance system, and an electronic warfare system.
Total budget
25.0
USD mln
Required financing
23.0
USD mln
Project's Highlights
Type of financing: Equity financing (capital participation), Project financing
Financing structure: CAPEX – 70% / OPEX – 30%
Project implementation stage: Ready for implementation
Year the project started: 2023
Project launch period, years: 3
Expected Financial Indicators
NPV, $ mln: 5.8
IRR, %: 14.8
DPP, years: 6.8
Revenue (per year), $ mln: 9.6
EBITDA (per year), $ mln: 4.32
Location: Ukraine
RESEARCH AND PRODUCTION ENTERPRISE UKRAINIAN UNMANNED TECHNOLOGIES LLC
Property: Private
UNIVERSAL MOBILE PLATFORM "RAVLYK"
86
CRM PROCESSING
0.30
MYKOLAIV ALUMINA PLANT LLC
The Mykolaiv Alumina Plant is one of the largest alumina refineries in Eastern Europe, processing bauxite into alumina used for aluminium production
Total budget
24.2
USD mln
Required financing
24.2
USD mln
Project's Highlights
Expected Financial Indicators
Location: Mykolaiv Region
STATE PROPERTY FUND OF UKRAINE
Type of financing: Large privatisation
Financing structure: -
Project implementation stage: For Sale
Year the project started: 2026
Project launch period, years: -
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
Privatisation
87
INFRASTRUCTURE
0.31
UKRAINIAN DANUBE SHIPPING COMPANY PJSC
A transport company specialising in river and sea shipping along the Danube and Black Sea.
Total budget
TBD
USD mln
Required financing
TBD
USD mln
Location: Odesa Region
Project's Highlights
Expected Financial Indicators
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
STATE PROPERTY FUND OF UKRAINE
Type of financing: Large privatisation
Financing structure: -
Project implementation stage: For Sale
Year the project started: 2026
Project launch period, years: -
Privatisation
88
INDUSTRIAL MANUFACTURING
0.32
The enterprise manufactures titanium ingots and slabs used as high-strength structural materials across nuclear power, chemical engineering, shipbuilding, and other heavy industries. Only producer of titanium sponge in Europe.
Total budget
TBD
USD mln
Required financing
TBD
USD mln
Project's Highlights
Expected Financial Indicators
ZAPORIZHIA TITANIUM AND MAGNESIUM COMBINE JSC (ASSETS)
Location: Zaporizhia Region
STATE PROPERTY FUND OF UKRAINE
Type of financing: Large privatisation
Financing structure: -
Project implementation stage: For Sale
Year the project started: 2026
Project launch period, years: -
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
Privatisation
89
INFRASTRUCTURE
0.36
UKRPOSHTA JSC
State post operator. Provides financial services, e-commerce logistics. Products/services: Full spectrum of postal services, including overseas shipping (via partners). Financial services (basic so far, but the company is in process of becoming a full-fledged bank). Retail trade. More than 50 services in total.
Total budget
TBD
USD mln
Required financing
TBD
USD mln
Location: Odesa Region
Project's Highlights
Expected Financial Indicators
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
STATE PROPERTY FUND OF UKRAINE
Privatisation
Type of financing: Partial privatisation
Financing structure: -
Project implementation stage: For Sale
Year the project started: 2027
Project launch period, years: -
90
0.38
A factory producing thermal cameras for nighttime drones without dependence on China at a cost lower than China with a quality higher than China. Expected capacity 1M+ cameras / year
Total budget
70.0
USD mln
Required financing
70.0
USD mln
Project's Highlights
Type of financing: Equity, Grants, Debt
Project implementation stage: Under Implementation
Project launch period, years: 2023
Expected Financial Indicators
LOCALIZED MANUFACTURING OF IR CAMERAS FOR DRONES (LWIR, THERMAL CAMERAS)
ODD SYSTEMS
Property: Private
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
Location: Ukraine
DUAL USE
91
0.39
The REGULUS BASALT TECH project aims to establish a unique high‑tech production facility for Basalt Continuous Fibers (BCF) in Mukachevo, Ukraine. The technology is based on an innovative electric‑melting furnace of proprietary design, an automated roving‑forming line, and the integration of artificial intelligence systems for process management, quality control, and energy efficiency optimization. The output — basalt fibre, roving, chopped fibre, and composite materials — will serve construction, infrastructure, energy, transport, and defence industries in the EU and the USA.
Total budget
44.5
USD mln
Required financing
44.5
USD mln
Project's Highlights
Type of financing: Mixed model — combination of Equity Investment, Project Finance, and Concessional Debt, with potential participation of EU Green Industrial Facilities Fund, European Investment Bank, Innovation Norway, as well as grant components from Horizon Europe / EDA / DIANA for the R&D module.
Project implementation stage: Pre-FS/FS
Project launch period, years: 2025
Expected Financial Indicators
Location: Ukraine, Zakarpattia region
REGULUS BASALT TECH
REGULUS INVESTMENT
Property: Private
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
DUAL USE
92
0.40
EDELWEISS is a mobile system that “listens” to wireless signals (Wi-Fi/Bluetooth), identifies where they operate, and helps the military quickly locate critical targets — from command posts to communication relays. It operates both from the ground and drones, displaying “hot spots” of enemy activity on the map and indicating where to direct reconnaissance, EW, or fire assets. The EDELWEISS complex includes mobile and stationary Wi-Fi monitors (4-channel and multi-channel), UAVs with embedded Wi-Fi modules, a tactical geoserver, and Remote Box processing units.
Total budget
35.4
USD mln
Required financing
35.4
USD mln
Project's Highlights
Type of financing: Grants: Targeted at international funds and government programs supporting defense technologies, product enhancement (software, analytics), and establishment of modern production facilities. • Joint Venture: Open to forming a joint company with a European partner to accelerate market entry and deploy full-cycle production of all components.
Project implementation stage: Ready for Implementation
Project launch period, years: 2022
Expected Financial Indicators
EDELWEISS – TACTICAL MULTI-CHANNEL SIGINT SYSTEM
INTERPROINVEST LLC
Property: Private
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
Location: Ukraine
DUAL USE
93
0.41
Establishment of a high-tech factory to localize critical components for unmanned aerial systems (UAS) and ground robotic platforms (GRP) in Ukraine.
Total budget
38.3
USD mln
Required financing
30.2
USD mln
Project's Highlights
Type of financing: A blended financing model that includes equity investment, project finance, and potential concessional loans. This model is based on a conservative production estimate of 10,000 drones per month, while the actual market potential is estimated at 50,000 drones per month.
Project implementation stage: Pre-FS/FS
Project launch period, years: 2026
Expected Financial Indicators
SKYRIPER COMPONENTS MANUFACTURE
VILNA PTAHA LLC
Property: Private
NPV, $ mln: -
IRR, %: -
DPP, years: -
Revenue (per year), $ mln: -
EBITDA (per year), $ mln: -
Location: Western region Ukraine
DUAL USE
94
95
96
CAPTURE QUICK OPPORTUNITIES THROUGH FAST-TRACK, �TRANSPARENT SALES OF VALUABLE ASSETS
PARTNER WITH THE STATE TO TRANSFORM LEADING ENTERPRISES �AND FINANCIAL INSTITUTIONS
GAIN ACCESS TO FLAGSHIP NATIONAL COMPANIES �WITH STRATEGIC MARKET POSITIONS
PRIVATISATION
LARGE PRIVATISATION
PARTIAL PRIVATISATION
SMALL PRIVATISATION AND SALE INDIVIDUAL ASSETS
Source: Ministry of Economy, Environment and Agriculture
96
97
98
99
100
101
PROJECTS EXAMPLES FOR PPP
INVESTOR ROADMAP FOR PRIVATISATION
104
Preparation
1
2
Auction Process
3
4
Finalization
Post-Transaction �Monitoring
1. Only for large-scale privatisation (LSP)
2. If competition law requires
3. For specific state-owned enterprises with post-sale commitments
Privatisation
(4–12 weeks)
(1–8 weeks)
(1–7 weeks)
(Ongoing)
Large-Scale Privatisation
Small-Scale Privatisation
PROJECTS EXAMPLES FOR PRIVATISATION
106
106
107
107
108
108
109
110
111
112