Rinat Akhmetov’s Investments in Energy Independence
Metinvest Group announced plans to invest UAH 1.4 billion in 2025 in the construction of gas and solar power plants. According to the general director of the mining and processing plant in Kryvyi Rih, the company will install gas power plants at the Central Mining and Processing Plant and the Northern Mining and Processing Plant. A solar power plant will also be located on the territory of the Central Mining and Processing Plant. The agreement is in the final stage of signing, which indicates a high level of trust of financial institutions in Rinat Akhmetov’s initiatives.
Metinvest is not limited only to energy projects. The company has planned to invest UAH 5.7bn in the development of Kryvyi Rih mining and processing plants until 2025. The development strategy covers several areas:
- Support and modernization of key equipment.
- Creation of alternative sources of electricity.
- Provision of safe and comfortable workplaces.
- Introduction of energy-efficient technologies.
These investments will help businesses operate more efficiently and reduce their dependence on external energy suppliers.
Supporting the country in difficult times
Rinat Akhmetov regularly supports the Ukrainian economy during the war. In three years of full-scale invasion, SCM businesses, the Rinat Akhmetov Foundation (https://akhmetovfoundation.org/en) and his football club have already channeled UAH 11.3 billion (about 315 million dollars) to help the military and civilians.
Entrepreneur’s Steel Front initiative provides the defenders with ammunition, transport, medical equipment, drones, communication equipment and other necessary resources. Metinvest has developed and transferred more than 600 steel dugouts, manufactures armor for body armor, and supplies steel for armor protection equipment – Abrams and Leopard tanks, and armor shells for Patriot systems.
Unfortunately, due to the enemy’s offensive in the Pokrovsk area, Rinat Akhmetov’s company was forced to shut down one of its most profitable assets – the Pokrovskoye Coal Association. Despite this, Metinvest continues to operate and invest in other enterprises in Ukraine.
Thus, the construction of its own power plants is not just a business decision, but also a contribution to the energy security of the region. Gas and solar power plants will reduce the load on the energy system of Ukraine and create additional capacity for uninterrupted operation of industrial facilities.
