KYIV. March 13 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers on March 10 approved a feasibility study for construction of Kakhovka hydroelectric power plant (HPP) 2, the press service of the government has reported.
“The financing of the project will be thanks to the tariff for electricity generation by public join-stock company Ukrhydroenergo, own funds of the company and government secured loans provided on the conditions of co-financing by the European Bank for Reconstruction and Development and the European Investment Bank,” the government said.
The press service did not provide for any details of the feasibility study.
As reported, the approximate cost of the second phase of Kakhovka HPP is EUR 420 million. The installed capacity is 250 MW. The project would be implemented in 2019-2024.
