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

mercom top solar developers total

Who is largest solar developer in world? Oil supermajor

06 December 2023 - Of the top ten global solar developers, six are based in Europe, three in North America, and one in South Asia, according to the latest report

vetropack straza koer virtual power plant

Vetropack Straža joins KOER virtual power plant

05 December 2023 - Technology company KOER launched the first virtual power plant in Croatia in February 2022, becoming the first aggregator

Montenegro EPCG Zoran Sljukic acting CEO

Montenegro’s EPCG appoints Zoran Šljukić as acting CEO

05 December 2023 - Chief Technical Officer of Montenegro's state-owned power utility EPCG Zoran Šljukić became acting CEO, replacing Nikola Rovčanin

Initiative Coal Regions Transition Western Balkans Ukraine leave behind

How can energy transition be just to people in coal regions

05 December 2023 - The authorities must act before people leave, according to the speakers at the annual meeting of the Initiative for coal regions in transition in the Western Balkans and Ukraine