CMEC to Invest €230 mn in Solar Plant Construction in Ukraine

This plant will be built in Dnipropetrovsk region until the end of 2018.

Construction engineering company China Machinery Engineering Corporation (CMEC) is planning to invest EUR 230 million for the construction of the largest solar power plant in Ukraine.

This plant will be built in Dnipropetrovsk region until the end of 2018.

Further, the corresponding pact was signed on April 6, 2018 between the two companies i.e. CMEC and the Ukrainian firm DTEK.

According to the DTEK reports, “The construction of the Nikopol solar power plant will start in April and will be completed before the end of 2018. The new solar power plant will be located near the city of Nikopol in Dnipropetrovsk region on the territory of the spent quarry.”

The land plots unsuitable for agriculture will be used for the construction of the SPP. The ecological effect of the SPP operation will be the annual reduction in the emissions by 300,000 tons of CO2.

Commenting on the development, China Machinery Engineering Corporation (CMEC), Chairman, Zhang Chun said, “The Nikopol solar power plant will become the largest solar power generator in Ukraine and Europe. The joint work of DTEK and CMEC will be an example of cooperation for other Ukrainian and Chinese companies.”

Source: UKRINFORM