Business news from Ukraine

Business news from Ukraine

GOVERNMENT TO BUILD UNIT FOUR OF DNISTROVSKA HYDROELECTRIC PUMPED STORAGE POWER PLANT BEFORE 2020

29 July , 2016  

KYIV. July 29 (Interfax-Ukraine) – The government intends to build unit four of Dnistrovska hydroelectric pumped storage power plant before 2020.

This is outlined in the hydroelectric generation development program until 2026 approved by government resolution No. 552-r dated July 13.

According to preliminary calculations it will cost UAH 2.796 billion. The capacity of the unit will be 324 MW in generating mode and 421 MW in pumping mode.

In 2016-2023, the government seeks to build Kaniv hydroelectric pumped storage power plant with a capacity of 1 GW. Its cost is UAH 11.98 billion ($1.5 billion in the prices of 2013).

The government will approve the revised project on the completion of hydroelectric unit three of Tashlyk hydroelectric pumped storage power plant at the end of this year.

According to the program, a feasibility study for construction of Kakhovka hydroelectric pumped storage power plant two is being drafted. The approximate cost of the project is EUR 420 million. The projected capacity is 250 MW. The project will be implemented in 2019-2014. The government also plans to build six channeling hydroelectric power plants with a total projected capacity of 390 MW on the upper reaches of Dnipro River (the preliminary cost is EUR 1.1 billion).

The program also envisages the second phase of reconstruction of hydroelectric power plants of Ukrhydroenergo (76 units).