KYIV. Jan 13 (Interfax-Ukraine) – PJSC Ukrhydroenergo on December 23 signed an agreement with Germany’s Andritz Hydro for the reconstruction of three units at Dniprovska hydropower plant for EUR53.59 million and UAH 151.451 million (including VAT), the press service of the Ukrainian company has said.
In addition, on December 30 Ukrhydroenergo signed a contract with PJSC Turboatom for the reconstruction of three units at Kyivska hydroelectric power plant (HPP) for UAH 562.431 million (including VAT).
The work under both contracts is to be completed in 2021.
The reconstruction is carried out in the framework of the third phase of the Rehabilitation of HPP joint project with the EBRD and the EIB. Contractors were selected during two-stage international competitive bidding.
The EBRD and the EIB plan to issue EUR 200 million each for the project.
