China Machinery Engineering Corporation invests €230 mln in construction of solar power plant in Ukraine

China Machinery Engineering Corporation invests €230 mln in construction of solar power plant in Ukraine

China Machinery Engineering Corporation (CMEC) will invest EUR 230 million in the construction of the largest solar power plant in Ukraine, which will be built in Dnipropetrovsk region until the end of 2018.

The corresponding agreement between the CMEC and the Ukrainian company DTEK was signed yesterday, an Ukrinform correspondent 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 DTEK press service reports.

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.

"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," commented Mr. Zhang Chun, the Chairman of China Machinery Engineering Corporation.


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