Norway’s AICE Hydro A.S. plans to bid in the first privatization of a small hydro plant in Ukraine

Norway’s AICE Hydro A.S. plans to bid in the first privatization of a small hydro plant in Ukraine, the State Property Fund reports. Next week an appraiser is to be chosen for the 2 MW hydro plant across the Southern Bug in Pervomaisk, Mykolaiv region. Soon after the appraisal, the 90-year-old plant will be put up for auction on ProZorro.Sale, promises Vitaliy Trubarov, head of the State Property Fund. Arne Jakobsen, CEO of AICE, says foreign investment can renew Ukraine’s small scale hydro production. Norway is Europe’s largest hydropower producer, drawing 98% of its electricity from hydro.