NOJA Power will provide $10m in electrical equipment to restore war torn Ukraine’s energy system

A Brisbane manufacturer has been enlisted to help war-torn Ukraine rebuild its power system with $10m of equipment procured.

Brisbane manufacturer NOJA Power has been enlisted to provide electrical equipment to restore war-torn Ukraine’s energy system.

The equipment is being funded through a contribution by the Australian Government to the European Union’s Ukraine Energy Support Fund and was specified for procurement by the Ukrainian Government and its Minister for Energy Herman Galushchenko.

The contract including local installations is valued at $10m and is likely to arrive in Ukraine in July.

NOJA Power chief executive Neil O’Sullivan said they were honoured to contribute to the vital international effort.

NOJA Power chief executive Neil O’Sullivan.

“Our equipment is designed to improve network reliability and safety, and we are confident it will make a significant difference in Ukraine’s energy infrastructure,” he says.

“These NOJA Power OSM Reclosers will be used to rebuild electricity networks and restore electricity to millions. They will enable remote control in areas heavily affected by landmines, reducing the risk for utility workers.”

A crater is seen at high voltage substation switchyard which stands partially destroyed after the Ukrenergo power station was hit by a missile strike on October 10th, as Russia launched attacks throughout Ukraine. (Photo by Ed Ram/Getty Images)

Founded in 2002, NOJA Power is a switchgear engineering company that has grown to serve over 113 countries from their Murarrie manufacturing headquarters.

NOJA Power chief executive Neil O'Sullivan and Ambassador of Ukraine to Australia, Vasyl Myroshnychenko, at the loading of the Australian-made electrical equipment.

Back again

Bartercard co-founder Andrew Federowskyhas returned to the company as chief executive.

A seasoned business leader and one of the original three founders of Bartercard – with Wayne Sharpe and Brian Hall, on the Gold Coast in 1991, Federowsky says he’s on a mission.

“This isn’t only about a return,” he says.

“Bartercard Australia has the infrastructure, the network, and the potential. Now it’s about execution, clarity of vision, and rebuilding trust with our members and the market.”

Bartercard is a business-to-business exchange network where businesses can trade goods and services using “trade dollars” instead of cash and currently has a membership base of more than 20,000 businesses across Australia and New Zealand.

Federowsky retired from Bartercard in 2013 but grew bored and missed the business and purchased the Gold Coast franchise which he has been running ever since.

“I love helping businesses; it’s in my DNA, and I’m excited to be the CEO of Bartercard Australia and bring the vision back to life," he says.

Andrew Federowsky, Bartercard co-founder and chief executive.

Coal coup

With new coal mines seemingly off the agenda in Queensland, Valory Resources has taken the final steps to complete the acquisition of Summit Coal in Alberta, Canada.

Backed by experienced mining figures – Brian MacDonald, Vaughan Wishart and Glenn Vassallo – Valory will buy Summit Coal (Mine 14) from Maxim Power Corp, marking a major milestone in the company’s growth.

Located near Grande Cache, Mine 14 is a high-quality underground premium low volatile coking coal project with a JORC measured resource of approximately 100Mt.

The acquisition strengthens Valory’s project pipeline, which now includes both Mine 14 and the larger Blackstone project in the same area.

Vassallo, who is Valory’s head of corporate and project finance, says the deal represents the culmination of more than five years of work and cooperation between stakeholders.

“Completing the acquisition of Mine 14 is a landmark moment for Valory Resources, and perfectly complements Valory’s Blackstone project,” he says.

“It combines Canadian and Australian expertise to bring forward a new generation of premium underground steelmaking coal that supports the global transition to lower emission steel production.”

Originally published as NOJA Power will provide $10m in electrical equipment to restore war torn Ukraine’s energy system