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.
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%).
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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.