Renewables

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

Photo: City of Zhytomyr

Published

August 2, 2018

Country

Comments

0

Share

Published:

August 2, 2018

Country:

Comments:

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

Turkey new energy storage regulation to spur unseen investment boom

Turkey’s new energy storage regulation to spur unseen investment boom

30 November 2022 - EMRA Chair Mustafa Yılmaz said applications came in for storage in combination with renewables with a stunning 67.3 GW in total capacity

HERMANN Petr_interview_Schneider Electric BGEN

Future of successful businesses relies on their digital transformation

30 November 2022 - Digitalisation changes everything because it connects all processes and provides a complete result, notes Petr...

Serbia relies on Norwegian expertise in energy sector development

Serbia to rely on Norwegian expertise in energy sector development

30 November 2022 - Serbia received recommendations from Rystad Energy and will work by its instructions, President Aleksandar Vučić said

Greece remains world most attractive renewable energy markets RECAI

Greece remains among world’s most attractive renewable energy markets

29 November 2022 - EY kept Greece and Turkey in its Renewable Energy Country Attractiveness Index of 40 countries. In another ranking, Greece is second in the world!