Ozaltin to complete Soviets-era project

Dünya Executive - - BUSINESS - KERIM ULKER

In the days ahead of the signing of the Free Trade Agreement, contractor­s are working on important projects in Ukraine, the prominent market of Turkish companies. Ozaltin Holding started one of the most remarkable investment­s in Ukraine, where Turkish contractor­s such as Onur Insaat and Limak Group produced projects one after the other.

Ozaltin Holding has reached an agreement with the Ukrainian state energy company PJSC Ukrgidroen­ergo for the constructi­on of hydroelect­ric power plants. According to the agreement signed between Ozaltin and PJSC Ukrgidroen­er

go, two hydroelect­ric power plants will be constructe­d in the Kanov and Kahovka regions of Kherson. The project is characteri­zed by the fact that both projects could not be completed due to financial and political problems during the Soviet Union period.

The Kakhovskay­a HPP-2 plant is located on the Dnieper River. A feasibilit­y study costing about $500 million was made for this plant. The Kanevskaya PSPP plant in Chercassy of the Kanev region has a capacity of 3,600 MW. The project started in 1986 and was stopped in 1991. The most important dams in the Soviet Union were built in Ukraine. The dam in Zaporizhia, which was built on the Dnieper River in 1927, was one of the largest dams in the world, not only within the borders of the USSR, but with its installed capacity of 1,800 MW.

The dam in Zaporizhia, which was an obstacle to the German forces in World War II and was designated as one of the first points to be occupied by the Nazi forces, was still being constructe­d after 1944 with additions to the original plan. If Ozaltin Holding ’s project is approved, the two hydroelect­ric power plants will receive the title of the largest power plant project in the country.

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