Ukraine’s Energo-Plus plans to transport a new 60 MW thermal power plant (TPP) from Turkey and is looking for a private investor to finance the project.

The company’s director, Yevhen Korf, noted that the owner of the plant demands 100% payment, while Turkish partners are willing to accept only 50-70% of the prepayment for the work. This makes it difficult to attract public funding, as the amount of prepayment is 85-90% of the total cost.

Corf said that the facility is almost ready – 90% of the components are already in stock. The total cost of the project is about €50 million, and the transportation of the TPP to Ukraine will take 8 to 12 months.

For Ukraine, the implementation of this project is of great importance. First, the new thermal power plant will increase the country’s energy capacity, which is critical in times of instability. Second, it will reduce dependence on imported electricity, which is important for energy independence. In addition, attracting private investment will help develop the region’s infrastructure and economy, creating new jobs and stimulating investment activity.