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

Photo: City of Zhytomyr


August 2, 2018






August 2, 2018





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

Fortis Group expand presence Balkans taking over two biogas power plants Serbia Velimir Gavrilovic Belgrade Energy Forum

Fortis Group expands presence in Balkans by taking over two biogas power plants in Serbia

29 May 2024 - Fortis Group is completing the purchase of two biogas power plants in Pančevo, Serbia, COO Velimir Gavrilović announced at Belgrade Energy Forum

elixir matijas predojevic decarbonization bef 2024

Elixir’s EUR 300 million investment plan includes wind, solar, batteries

29 May 2024 - New investments will help push forward the decarbonization process in Elixir Group, started several years ago, Matthias Predojević said

Annual compensation of 600,000 euros to Nikšić Municipality for land Under Bileća Lake

Republic of Srpska agrees to compensate Nikšić in Montenegro for using Bileća lake

29 May 2024 - The Municipality of Nikšić will receive EUR 600,000 in annual compensation for its land under the artificial Bileća lake

NGEN s Bernard no smart grid without smart users

NGEN’s Bernard: There is no smart grid without smart users

29 May 2024 - The energy sector needs smart grids, and a smart grid does not exist without smart users, CEO of NGEN Group Roman Bernard said at BEF 2024