At least $1 billion in investment

At least $1 billion in investment is needed to complete Ukraine’s equivalent of Brazil’s Itaipu Dam, Igor Sirota, director general of Ukrhydroenerho, tells Ukrinform. At buildout, Dniester Pumped Storage Power Station, in Chernivtsi, will have the installed capacity of 2,268 MW – the largest hydro project in Europe. By the middle of 2020, the fourth turbine – of seven – is to be commissioned. Through 2026, the state company needs $2.7 billion to complete its projects. “We do not have such funds,” he says. “That is why we need to find other sources of financing.”