DTEK Zakhidenerho : 06/04 DTEK DTEK starts construction of the largest solar power plant in Ukraine

DTEK and China Machinery Engineering Company (CMEC) signed an agreement for the design and construction of a 200 MW solar power plant (SES) in the Dnipropetrovsk region. The signing took place in the framework of the round table "Chinese investments in the development of energy in Ukraine", organized by the SilkLink association. After the construction of the Nikopol SES will be the most powerful solar power station in Ukraine and will enter the TOP-3 largest in Europe

SMES is a member of the group of state-owned Sinomach companies. This is one of the leading contractors of energy projects in the world. The Sinomach portfolio of projects in the energy sector exceeds 4300 MW. The company operates in 150 countries. SMES will become an investor and contractor for the construction of the Nikopol SES. Total investment in the project will amount to 230 million euros.
The construction of the Nikopol SES will begin in April and will be completed by the end of 2018. The new solar power plant DTEK will be located near the city of Nikopol, Dnipropetrovsk region, on the territory of the spent quarry. For the construction of SES will be used land that is unsuitable for agriculture. The ecological effect of the SES operation will be the annual reduction of atmospheric emissions by 300 thousand tons of CO2.
Leave of "green" electricity Nikopol SES will be more than 280 million kWh annually. This will ensure the energy consumption of 100 thousand households. Thanks to the solar power station, new jobs will be created in the region, and local budgets will be supplemented by tens of millions of tax deductions.
"The construction of the Nikopol SES is one of the largest transactions to attract financing to the renewable energy of Ukraine. I am sure that for other investors this will be a positive signal that it is possible and necessary to invest in the Ukrainian "green" generation. The goals of the state energy strategy are ambitious: build up to 5 GW of capacity in renewable generation by 2020, reduce the energy deficit in both gas and coal, and reduce CO2 emissions by 40% by 2035. Implementation requires tens of billions of dollars in capital investments that can be invested in Ukraine only if the investment climate develops and transparent rules of the game are in place, "said DTEK's CEO Maxim Timchenko. - China is the world leader in energy investments. Our Chinese colleagues - SMES - have built 4.3 GW of capacity of which more than 600 MW - solar energy. We appreciate this partnership. It can become a serious catalyst for the development of a new Ukrainian energy sector. "

"Nikopol solar power plant will become the largest generating object of solar energy in Ukraine and Europe. The joint work of DTEK and CMEC will be an example of cooperation for other Ukrainian and Chinese companies. We are determined to implement a successful project for the inhabitants of Ukraine, which will create an environmentally friendly generation to achieve Ukraine's energy independence, "commented the Chairman of the Management Board of CMES Mr. Zhang Chun.
"Ukrainian Silk Road Association SilkLink as a living communication platform between Chinese and Ukrainian businessmen and officials is a bridge for quality cooperation. We are ready to support, accompany and promote all ambitious Sino-Ukrainian business projects! And our key goal is to get the blessings from the implementation of the global Silk Road project and attract investments into the economy of Ukraine, "said Irina Nikorak, founder and executive director of the Silk Link Silk Road Association of Ukraine.