Business news from Ukraine

GOVT APPROVES PROJECT TO BUILD UNIT FOUR OF DNISTROVSKA HYDROELECTRIC PUMPED STORAGE POWER PLANT

20 March , 2017  

KYIV. March 20 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers has approved a project on construction of the second stage of Dnistrovska hydroelectric pumped storage power plant, consisting of unit four.
The decision was made at a government meeting on Thursday.
As reported, the hydroelectric generation development program until 2026 approved by government resolution No. 552-r dated July 13 envisages the start of construction of unit four in 2017 and its completion in 2020.
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.