Construction of hydro power stations in Lviv region

Invest in Ukraine: Hydro power stations in Lviv region

This article deals with the plans of a #Ukrainian company to #construct a number of #hydro power stations in Ukraine in the next couple of years.

Visit our website if you are interested in #doing business in Ukraine or looking for new #investment opportunities.

Free Energy company, which specializes in construction of small hydro power plants of capacity from 100 KW to 10 MW in Ukraine, announced that it reached the agreement with the Lviv Regional State Administration regarding construction of two small hydro power stations. The facilities will be built on Zacadivskiy and Dobrotvirkiy water reservoirs accordingly. The company also agreed to place some objects of social infrastructure near the building sites.

Free Energy company also announced its plans to construct around a dozen of small hydro power stations on the territory of Ukraine in the next 3-5 years.

We note that as of 1 July 2016 the overall power capacity of Ukrainian alternative energy sector reached 1028 MW. In particular, the power generation capacity of solar power stations in Ukraine amounts to 453 MW, wind power stations – 426 MW, biomass plants – 31 MW and small hydro power stations – 118 MW. It is worth mentioning that in the first half of 2016 14 new alternative energy facilities were commissioned in Ukraine, namely 12 solar power stations (with the aggregate capacity of 37 MW) and 2 biomass plants (with the aggregate capacity of 2 MW). The overall amount of investment in such commissioned projects was calculated at EUR 42 million.

We note that earlier the State Agency for Energy Efficiency and Energy Saving of Ukraine announced that the investment potential of Ukrainian ‘green’ energy market is estimated at EUR 16 billion. According to the State Agency for Energy Efficiency and Energy Saving, Ukraine has all technical means and resources in order to transfer from traditional fuels to alternative sources of energy. The aim of the agency is to facilitate and increase the share proportion of alternative energy in the energy system of Ukraine to 11% by 2020.

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