Renewables

Slovenia’s Riko to build EUR 10 million solar power plant in Ukraine

Photo: City of Zhytomyr

Published

August 2, 2018

Country

Comments

comments icon

0

Share

Published:

August 2, 2018

Country:

Comments:

comments icon

0

Share

Slovenian engineering company Riko will build a 10.6 MW solar power plant near Zhytomyr in northern Ukraine, local media reported. The company won a tender for the EUR 10 million project.

The contract on the construction of the solar power plant was signed by Zhytomyr Mayor Serhiy Sukhomlin and Riko CEO Janez Škrabec.

The Slovenian embassy in Ukraine provided a EUR 3 million grant, while additional EUR 7 million was secured through loans by Ukrainian state-owned bank Ukrgasbank. The city will obtain guarantees for the financial part of the deal.

The first 6.4 MW will be installed by March and the remaining 4.3 MW by the end of July 2019, said Andrej Podbevsek, director of Riko in Ukraine, Kyiv Post reported.

The partner of the Slovenian company in this business endeavor is municipal enterprise Zhytomyr’s Investment Center. The plant will cover an area of 18 hectares and will secure EUR 1.85 million annually in revenues for Zhytomyr’s Investment Center. City officials also welcomed the reduction of carbon emissions as one of the project benefits.

The solar power plant is Riko’s second project in Zhytomyr. Slovenian engineering company Riko won the World Banks’s tender for the drinking water treatment station. The construction of the EUR 12 million facility is expected to be completed in 2020.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

krsko 2 spatial plan

Slovenia launches public consultation on spatial plan for second unit at Krško nuclear plant

01 July 2025 - The Ministry of Natural Resources and Spatial Planning has published an initiative to prepare a spatial plan for the second unit of nuclear power plant Krško.

Turkey first hydropower reservoir YEKA floating solar power auction

Turkey selects first hydropower reservoir for YEKA floating solar power auction

01 July 2025 - The reservoir of the Demirköprü hydropower plant is the first proposed area for Turkey's planned floating solar power auction

Hungary MAVIR 60 MWh battery energy storage system

Hungary’s MAVIR commissions 60 MWh battery energy storage system

01 July 2025 - MAVIR, the Hungarian TSO, put into operation a battery energy storage system (BESS) of 20 MW in capability and a three-hour cycle.

Montenegro NECP public consultation sole coal plant shutdown 2041

Montenegro publishes NECP for public consultation – sole coal plant planned for shutdown in 2041

30 June 2025 - The retirement of the Pljevlja coal plant is planned for 2041, but it depends on a just transition and supply security, the draft NECP reads