Belarus to attract foreign investors to construct hydropower plants

GRODNO OBLAST, 24 May (BelTA) – Belarus needs to attract foreign investors to the construction of hydropower plants, Belarusian Premier Mikhail Myasnikovich told media as he visited the Grodno hydropower plant on 23 May.

“We are planning a hydropower engineering development program, but here we should look into financing resources. We should use a modern scheme where investors build, use and then hand it over to the state. It will considerably ease the burden on a borrower,” the PM said.

Now Belarus is in talks with Turkish investors on the construction of two hydropower plants.

Analyzing the construction of the Grodno hydropower plant, the Premier stressed that the plant will be put into operation in August.

According to Mikhail Myasnikovich, the construction of the hydropower plant is a promising project for Belarus. Despite small capacities it is diversification of energy resources and, hence, better energy security.

The head of government stated that the preliminary works for the NPP construction are in full swing. According to Mikhail Myasnikovich, the project meets the schedule.

During his working trip to Grodno Oblast Mikhail Myasnikovich paid a visit to the Grodno oblast children’s hospital, took stock of the progress made in the upgrade of the Grodno Oblast Puppet Theater. The Prime Minister was updated on the construction of the Grodno ring-road.