Ukraine utility OJSC UkrHydroEnergo has awarded Emerson LLC a $1.48 million contract to supply a static frequency converter for the 225-MW Kyiv pumped-storage hydro project.
The World Bank signed a loan agreement with the Ukraine government in 2010, providing an additional $60 million in financing for the Ukraine's hydropower rehabilitation program to improve operational stability and reliability of hydroelectric plants.
In other news, the second unit of Ukraine's Dnister pumped-storage hydropower project is on schedule for operation in 2012, media reports indicate. Dnister will be one of the largest pumped-storage hydro projects in the world.
Officials said construction of the hydro project is going as planned and that project deadlines will be met, Ukraine media reported.
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