HomeNewsMemorandum of collaboration signed for construction of hydropower facilities in Ukraine

Memorandum of collaboration signed for construction of hydropower facilities in Ukraine

A “Memorandum of Collaboration in the Construction of Hydropower Facilities in Ukraine” has been signed by Webuild and Ukrhydroenergo, the country’s largest hydropower plant operator. The Memorandum expresses the parties’ desire to work together over the following three years to build new hydroelectric infrastructure nationwide.

The purpose of the Memorandum is to make it easier to determine if hydroelectric projects in Ukraine could be eventually developed or used as pumping stations. Such initiatives would be outlined in more detailed agreements. Webuild is the only Italian firm to have signed an agreement to create possible future collaborations with Ukrhydroenergo.

Search for construction leads
  • Region/Country

  • Sector

The Memorandum was signed during the Ukraine Reconstruction Conference, which was held in Rome. It was organized by the Italian Ministry of Foreign Affairs and International Cooperation. The plan was to examine participation in programs to aid in rebuilding Ukraine.

Forecasts from the World Bank and the European Commission indicate that the cost of rebuilding Ukraine and assisting in its recovery should come to about €383 billion for investments between 2023 and 2033. They would be used for transportation (22%), housing (17%), and the energy industry (11%).

Also Read: New 10MW Tataouine solar PV plant successfully commissioned in Tunisia

Why Webuild is a good choice for the construction of hydropower facilities in Ukraine

Webuild has a strong track record in clean hydropower facilities. The company has built 313 dams and hydroelectric facilities with a combined installed capacity of 52,900 MW.

The Grand Ethiopian Renaissance Dam on the Blue Nile River is among its continuing projects to provide clean energy. It is designed and built to comply with the domestic energy needs of Ethiopia. It will also help it with its development through the export of electricity to neighboring countries.

Another scheme is the Rogun hydroelectric project in Tajikistan. The hydropower facility will be the world’s tallest dam and double the country’s energy production. Webuild is also involved in developing the Snowy 2.0 hydroelectric project in Australia. It will be one of the world’s most efficient, able to produce electricity to fulfill demand in just 90 seconds.

Must Read

Neom smart city project timeline

The planned smart city in Tabuk Province, NEOM through Oxagon, announced that the Port Of NEOM is now open for business. Formerly known as Duba...

Deal signed for Green Energy Interconnector (Gregy) Project

A Memorandum of Understanding (MoU) was signed for the development of the Green Energy Interconnector (Gregy) project. The Agreement was signed by Infinity Power...

Nuneham Viaduct Rail Bridge in Oxfordshire Set to Reopen by Jun 10 2023

In an update provided during a meeting on the troubled Nuneham Viaduct rail bridge in Oxfordshire, Network Rail's capital delivery director, Stuart Calvert, announced...

Construction of 113.2-kilometer road linking Karema and Kigoma ports commences

The construction of a 113.2-kilometre tarmac road linking Karema and Kigoma ports is on the cards. The project is set to commence at the...
Kenneth Mwenda
Kenneth Mwenda
Kenneth Mwenda is a business and sports writer. He joined ConstructionReview in February 2019, where he contributes to writing construction news and projects. Kenneth graduated with a Bachelor of Commerce degree (Finance) from The Cooperative University of Kenya. He has over three years of experience in content writing.


Please enter your comment!
Please enter your name here

Latest News