Business news from Ukraine

OPIC TO SUPPORT BUILDING WIND POWER PLANTS IN ZAPORIZHIA REGION FOR $400 MLN

31 August , 2017  

KYIV. Aug 31 (Interfax-Ukraine) – President of the U.S. Overseas Private Investment Corporation (OPIC) Ray Washburne has stated the company intends to support the project of building wind power plants in Zaporizhia region for $400 million.
“Another agreement, in the issue of which we are becoming closer to signing. This is EuroCape Wind Farm I, the amount of which is $400 million,” he said during a meeting with Ukrainian Prime Minister Volodymyr Groysman in Kyiv.
As reported, EuroCape Ukraine I LLC has coordinated the issues of all debt and equity investments for building the first stage of a wind farm with a total design capacity of 500 MW in Zaporizhia region, plans to formalize its financing until December 31, 2017, director of the operator Peter Justin O’Brien said.
EuroCape Ukraine I is registered in Nicosia (Cyprus).