The Ukrainian Fuel and Energy Ministry is considering the construction of 58 small hydroelectric power stations and pumped storage plants in the basins of the Dniester, Prut and Siret rivers.

The Fuel and Energy Ministry has already drafted relevant proposals as part of the implementation of the state program for anti-flood measures in the Carpathian region, reads a statement posted on the official website of the ministry, UKRINFORM reports.

According to the ministry's calculations, the construction of these facilities will increase the power generating capacity of the region by 1,635 MW, including at the expense of hydroelectric power stations by 55 MW and at the expense of pumped storage plants by 1,580 MW.

The payback period for hydroelectric power stations given the current "green tariff" will be 5-6 years, while the payback period for pumped storage plants will be 3-4 years.

A project on the construction of generation centers on the mountain rivers has already been approved at a meeting of the scientific and technical council of OJSC Ukrhydroenergo.

As of January 1, 2010, the total installed capacity of hydroelectric power stations and pumped storage plants in Ukraine amounted to 5.414 gigawatts. The share of hydropower facilities in the country's total installed capacity amounted to 10.2%.

In 2009, the installed capacity of hydroelectric power stations and pumped storage plants increased by 324 MW due to the commissioning of the Dniester Pumped Storage Plant.

The "green tariff" established by the National Electricity Regulatory Commission for small hydroelectric power stations (up to 10 MW) for November 2010 is 85.49 kopecks per kWh (UAH 7.92 / USD 1).
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