Business news from Ukraine

SWEDISH ECOENERGY READY TO INVEST $120 MLN IN ENERGY GENERATION FROM WASTE IN DNIPROPETROVSK

17 September , 2015  

DNIPROPETROVSK. Sept 17 (Interfax-Ukraine) – Swedish EcoEnergy Scandinavia could build an enterprise to generate energy from waste with a capacity of 100 MW worth $120 million in Dnipropetrovsk with the help of TMM-Energobud.

An Interfax-Ukraine correspondent has reported that a memorandum on the idea was signed by EcoEnergy Vice President Peter Lindh, Deputy Head of Dnipropetrovsk Regional Administration and Director General of company-contractor TMM-Energobud Mykola Tolmachev.

The regional administration said that the investment center at the administration has offered three land parcels for building the plant, and the project could be finished in three years.

“Real programs that would stimulate businesses to more actively use recycled materials should appear in Ukraine. We would support and develop these investment initiatives at the regional level,” Dnipropetrovsk Regional Administration Head Valentyn Reznichenko said.

“We confirm our full readiness to invest in and realize this project,” head of the representative office of EcoEnergy in Ukraine Valentyn Makohon said.

Experts have said that thanks to construction of the plant, Dnipropetrovsk could save 100 million cubic meters of gas a year.

EcoEnergy Scandinavia AB is a project designer and an independent electricity supply organization. It focuses on Eastern Europe and Russia, and its current projects are focused in Russia, specifically the special economic zone in Kaliningrad region.