By Svetlana Sytina
The Ukrainian Times
Plans are in hand to build a thermal power plant with a capacity of 30 megawatts near the town of Yekaterinopol, Cherkassy region. To this end, the Cherkassy regional administration, the Energy Investment Company (EIC) and the Runh Power Corporation of China have signed a memorandum of late.
According to Chinese partners, the plant will be completed in 18 months. They say a construction site is appropriate to the project because it is situated at the brown coal deposit, which the EIC has been developing since 2014.
EIC director-general Vasiliy Tereschenko pointed out that the thermal power plant would employ about 500 workers.
In this context, it is interesting to note that China has pledged to boost its share of renewable energy from the current 8% to 20% in 2030. The country is the world’s top renewable investor, doubling its solar capacity year by year. In addition, it is the world leader in hydropower and wind power capacity.
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