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AIDA inks $US2 billion deal to build solar power plants in Ukraine

Christian Fernsby |
The Arab Investment and Development Authority, AIDA, and STC Energy have signed a $US2 billion agreement to develop solar power plants in Ukraine.

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According to a press statement, the development of 170MW solar power plants in the Ukraine will be backed by a minimum $2 billion by AIDA. The agreement details closer cooperation in the agriculture and rural development sectors, along with improving cooperative programmes across the Ukraine.

The agreement was signed during a Ukrainian Chamber of Commerce event in Dubai by Adil Al Otaiba, Chairman AIDA, and Nataliia Tykhonova, STC Energy CEO.

The Ukrainian Ambassador to the UAE, Yuri Polurez, and State Secretary of Ministry of Economic Development and Trade of Ukraine, Oleksil Perevezentsev, attended the signing ceremony, along with representatives from AIDA.

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