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Ukrainian govt endorses new Kakhovska HPP construction project

Ukrainian govt endorses new Kakhovska HPP construction projectThe Cabinet of Ministers has supported a feasibility report on the construction of a new Kakhovska hydroelectric power plant worth UAH 13.47 billion.

This is reported by Ukrinform quoting Nashi Groshi news outlet.

The Ukrainian government approved a relevant decision on March 10.

In an explanatory note to a draft government decision, the Energy and Coal Industry Ministry of Ukraine said that the construction of the new hydroelectric power plant will be financed via the tariff for electricity generation at PJSC Ukrhydroenergo, own funds of the enterprise and loan credits taken under state guarantees on the terms of the EBRD and the EIB co-financing.

The sum of loans will approximately total over UAH 12 billion. The construction is expected to last for 72 months.
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