Business news from Ukraine

UKRHYDROENERGO MULLING CONSTRUCTION OF SIX HYDROELECTRIC POWER PLANTS ON DNIESTER RIVER

23 September , 2015  

KYIV. Sept 23 (Interfax-Ukraine) – Public joint-stock company Ukrhydroenergo is considering the possibility of building six hydroelectric power plants on the Dniester River with a total capacity of 324 MW, Ukrhydroenergo Head Ihor Syrota said at the 13th international forum “Fuel and Energy Complex of Ukraine: The Present and the Future,” which was held in Kyiv on Tuesday.

He said that the company plans to start realizing the project in 2015-2016.

Syrota said that the project is of social importance as it includes the development of infrastructure via the construction of bridges over the Dniester River in Ternopil, Khmelnytsky and Chernivtsi regions.

According to the materials of the Energy and Coal Industry Ministry, the total cost of the project to build a cascade of hydroelectric power plants and water reservoirs is estimated at $1.131 billion. The approximate term of the realization of the project is 2015-2024.