Ireland’s Altostrata seeks to invest EUR 225 million in construction of a solar power plant in Dnipropetrovsk region.
“To attract investments and provide comfortable conditions for business is the task set by President Petro Poroshenko. Alternative energy projects have “green light.” Irish investors decided to invest in the construction of a solar power plant,” Head of the Dnipropetrovsk Regional State Administration Valentyn Reznichenko said during the signing of a memorandum between the Regional Administration and Altostrata on Thursday.
The construction of a 250 MW power plant is planned for an area of 500 hectares near the village of Levadky in Pavlohrad district. The plant could be launched in two years. It is planned that the plant will transmit electricity to more than 40,000 homes and enterprises, which is comparable to electricity consumption by Pavlohrad.
“We have a great interest in cooperation with Ukraine. We are starting a partnership in Dnipropetrovsk region. We have found support in the Investment and Innovation Center at the Dnipropetrovsk Regional Administration. An effective system has been created that stimulates investment,” Altostrata Director Torsten Merkel said, adding that the investor promises to create almost 450 new jobs.
Deputy Head of the Dnipropetrovsk Regional Administration Oleh Kuzhman said that recently several investment projects in the sphere of alternative energy have been implemented in the region. In particular, solar power plants are already operating in Pidhorodne and Nikopol. The Irish company Altostrata is engaged in Clean Technology.
