TIU Canada - Yurkovich Awarded by Nikopol Mayor

NIKOPOL, Ukraine, March 29, 2019 /CNW/ - Nikopol City Mayor, Andriy Fisak awarded Michael Yurkovich Chief Executive Officer of TIU Canada, today with a unique recognition.  The city mayor recognized Yurkovich with an award for having contributed to the development of the energy infrastructure of the city, supported international investment, and helped to development cooperation between Canadian and Ukrainian municipalities.  Upon receiving the award, Yurkovich said, "I am honored to receive this award and we highly value the strong bond with the Nikopol community."

Michael Yurkovich and Andrii Fisak (CNW Group/TIU Canada)

TIU Canada is an energy company working in the sphere of the renewable energy, and is based in Calgary, Alberta. In Ukraine, the company started its operation in June 2017, becoming the first Canadian investor in Ukrainian economy under the Canadian Ukrainian Free Trade Agreement (CUFTA).

First project of TIU Canada was built on the territory of the Nikopol ferroalloy plant – a 10,5-megawatt solar station. The construction began in June, and ended in November of 2017, with the total volume of investment of 10,5 million Euros.

The station consists of 32,304 solar panels, with 392 inverters installed to manage the power output.  More than 105 kilometers of cables were used during the station's construction, and the area used for the station totals 15 hectares. The amount of carbon dioxide (CO2) eliminated in comparison with coal fueled power stations is 12,738 tons per year.  Thus, this renewable energy project will provide clean electricity to residents and businesses in the Nikopol area. For drone footage of the facility, click here.

In September 2018, TIU Canada announced the ground breaking on a new 13.5 MW facility in the Mykolayiv region.

TIU Canada is owned by the Refraction Asset Management – a Canadian family office that manages a portfolio of projects as well as investment and management of assets.

SOURCE TIU Canada

For general information about the company, please contact: Refraction Asset Management, Suite 1110 202 6th Avenue, Calgary Alberta T2P 2R9, or [phone]. Web site www.refractionam.com.