Ukrainian company OKKO is making large-scale investments, investing in new areas and expanding its activities in the energy, agricultural, tourism and gas station infrastructure markets. The company's total investments in 2023 amounted to about $250 million, and one of the most ambitious projects is the construction of the all-season Goro Mountain Resort in Slavske.
OKKO's main investment areas
Energy and renewable sources - OKKO is investing in energy projects for the production and storage of electricity. The company is already implementing two wind farms in the Volyn region with a capacity of 150 MW and 185 MW. The total investment in wind farms will exceed $175 million, and commissioning is planned by 2026.
Agricultural sector and bioethanol plant - OKKO has invested $60 million in the development of agribusiness and plans to expand its land bank to 47,000 hectares. The company is also building a $120 million bioethanol plant in Ternopil Oblast that will process 250,000 tons of corn per year and start producing products in 2026.
Goro Mountain Resort is one of OKKO’s largest projects, with a total planned investment of $1.5 billion, with $500 million to be financed from the company’s own and borrowed funds and about $1 billion from third-party investors. Goro Mountain Resort will be an all-season resort with 75 km of ski slopes, cable cars, modern hotel infrastructure, and a comprehensive snowmaking system.
The first phase of the resort will include the construction of a gondola, chairlifts, and trails with a total length of 15 km. Its completion is scheduled for 2026, and the resort will open for the season for visitors in the winter of the same year.
The second phase of the resort will be built on another slope of the ridge with an additional 60 km of trails and cable cars. The project is planned to be completed gradually over the next 15 years.
Development of the gas station network - OKKO has allocated $40 million to modernize 80 gas stations, as well as updated the fleet of gasoline trucks, gas tankers and wagons for transporting fuel.
Financing and implementation features of Goro Mountain Resort
OKKO is attracting financing for the resort through cooperation with foreign export credit agencies in Austria, Italy and France. The company has already held tenders and is negotiating with global equipment manufacturers - Doppelmayr, Leitner and MND. The resort has also received support within the framework of the government's "investment" program, which allows for simplified land issues and tax breaks for importing equipment.
Conclusion
The ambitious projects implemented by OKKO, including Goro Mountain Resort, not only strengthen the company's position in the Ukrainian market, but also contribute to the development of new sectors of the economy. The resort in Slavske will become a powerful tourist center, and investments in renewable sources and agribusiness will increase the business's resilience to global challenges.