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You're reading: Austrian firm gives boost to Ukraine’s hydropower
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Austria became a big investor in Ukraine’s energy sector last month when Andritz Hydro, a subsidiary of Austrian technology group Andritz, announced a major hydroelectric power station modernization program on the Dnipro River.

The 60-million euro project concerns the Dnipro 1 hydroelectric plant in the city of Zaporizhzhya — some 520 kilometers southeast of the Ukrainian capital Kyiv.

Andritz Hydro, headquartered in Vienna, has 50 offices spread across 25 countries. The company said in a press release that its involvement in the Dnipro 1 venture would “strengthen its position” in Ukraine’s “growing hydropower market.”

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