Yuschenko instructs cabinet to consider privatization of small hydro power plants

11:16

Ukrainian President Viktor Yuschenko has instructed the cabinet to consider privatization of small hydro power plants.

The instruction is stipulated in president's decree No. 816 of October 9, 2009 on additional measures to increase the security level energy objects and development of hydro energy in Ukraine.

The document says that the government was also instructed to draw up and approve a comprehensive program on reconstruction of hydro power plants and construction of new hydro power objects, including small hydro power plants by late 2009, foreseeing measures on the increase of the investment attractiveness of hydro energy.

In addition, the president instructed the government to consider the justifiability of tariffs on election generated by hydro power plants, taking into account the investment compound, and improve a procedure for connection of small hydro power plants to power transmission lines.

Yuschenko also recommended the Ukrainian National Electricity Regulatory Commission (NERC) within one months to draw up and approve a procedure for issue of compensation of the price of electricity sold by small hydro power plants under green tariffs and direct agreements to regional electricity supply companies and end consumers.