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Legal News: As of June 17, 2011 the Proportion of Materials of the Ukrainian Origin Applied in Electric Power Objects is to be Changed

17 June 2011

The Supreme Council (Verkhovna Rada) of Ukraine has adopted the Law dated June 17, 2011 as an amendment to the Law of Ukraine "On the Electric Power". It stipulates the requirements with regard to the secure proportion of materials, assets, works and services originating from Ukraine for the construction of electric power objects, which produce electrical power from alternative sources of energy. Starting from January 1, 2012 the relevant proportion shall be not less than 15 % (previously 30 %), from January 1, 2013 - 30%, from 1 of January, 2014 - 50 %.

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