Ukrhydroenergo and Turkish company ÖZALTIN Holding signs the Memorandum of cooperation in the construction of a hydropower plant in Ukraine

As a result of the meeting, the Ukrainian and Turkish parties signed the Memorandum of cooperation in the construction of a hydropower plant in Ukraine.

The Memorandum sets out the companies' intentions to cooperate in the restoration of Kakhovka HPP and the construction of Kanivska PSPP. The parties discussed cooperation on the development of Ukraine's fuel and energy complex, which has a priority status, in particular given the importance of rebuilding Kakhovka HPP, as its destruction means the loss of renewable energy capacities and additional capacity to cover peak loads.

Summarizing Mr. Muzaffer Ozdemir said:

"We know that Ukraine is going through difficult times and our country supports Ukraine. We hope that this memorandum will result in successful cooperation. We wish Ukraine peace and pray that peace will return to your country as soon as possible."

Mr. Ihor Syrota thanked the Turkish people for their support and said:

"Ukraine is going through a time of war. We realize that the energy sector is facing challenges and we must be ready to overcome them. With the support of European countries and world leaders, I am convinced that we will overcome this crisis. Turkey's support is important for us. We are grateful that you have lent a shoulder. I am convinced that the signing of the memorandum will facilitate our further long-term cooperation."

For reference:

ÖZALTIN is a diversified financial and industrial holding company that has been successfully operating in the Turkish and international markets for over 60 years. The holding's main specialization is the construction and management of hydroelectric power plants, construction of bridges, tunnels, highways and other large-scale infrastructure facilities.

In the field of hydropower, ÖZALTIN, in addition to building hydroelectric power plants to order, also builds its own hydropower plants. The annual capacity of ÖZALTIN's own hydropower plants is about 5.5 billion kilowatt-hours. Since 2020, the holding has been actively working in Ukraine on the development of large infrastructure projects in the road sector and plans to further expand its participation in the construction of large-scale Ukrainian infrastructure projects.