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“Turboatom” will challenge the victory of a foreign firm in the tender for the reconstruction of the Dnieper hydroelectric station

“Turboatom” notes that the cost of works and equipment from German and Austrian firms will be much higher.

PJSC “Turboatom” has challenged in court the victory of the German-Austrian Andritz Hydro in a tender PJSC “Ukrhydroenergo” for the reconstruction of the Dnieper HPP-1.

9 August 2016 was announced a tender for the full rehabilitation of three units of the Dnieper HPP-1, which PJSC “Turboatom” took part.

23 December 2016 between PJSC “Ukrhydroenergo” and a consortium of Andritz Hydro the contract was signed. “Turboatom” considers this decision is illegal.

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Also “Turboatom” reports that taking into account exchange rate differences, the unit cost of equipment Andritz Hydro on 241,599 thousand euros exceeds the unit cost of the equipment proposed by “Turboatom”.

Ukrhydroenergo December 23 signed an agreement with Andritz Hydro on the reconstruction of three units of Dnieper hydroelectric power station-1 53,59 million euros 151,451 million UAH (including VAT).

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Reconstruction is performed in the third phase of the joint with EBRD and the European investment Bank (EIB) project “Rehabilitation of hydropower.” Contractors have been selected through two-stage international competitive bidding.

EBRD and EIB plan to allocate 200 million euros for the project “Rehabilitation of hydropower.”

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