Foreign investment can renew Ukraine’s small scale hydro power, Arne Jakobsen, CEO of AICE Hydro A.S., said Monday at the Norway-Ukraine Business Forum in Oslo. This year, AICE plans to bid in the privatization auction of the 90-year-old hydro plant in Pervomaisk, Mykolayiv. Inaugurated in 1929 with two German generators, the 2MW power station on the Southern Bug is the first of several small hydro plants up for privatization by the State Property Fund.
Foreign investment can renew Ukraine’s small scale hydro power
