Naftogaz Ukraine engages Japan's Sumitomo, Komaihaltec to modernize power plants, build wind farm

MOSCOW. Feb 20 (Interfax) - Ukraine's Naftogaz Group has signed memorandums with Japanese companies Sumitomo Corporation and Komaihaltec on the modernization of thermal power plant and development of a joint wind energy project.

"We are sourcing the latest Japanese technologies for the modernization of our CHP plants and the development of promising green projects," Ukrainian media reported Naftogaz Ukraine as saying on its Telegram channel.

Sumitomo "will help prepare the feasibility study for the modernization of heat supply systems in Ukraine with the support of the Japanese government," and will also help raise financing from Japanese state financial institutions, Naftogaz said.

"CHP plants in Ukraine, particularly those transferred to Naftogaz, were built a long time ago and have extremely outdated facilities. We are very interested in modernizing them using the latest Japanese technologies. This is important cooperation that we hope will lead to real infrastructure projects," Naftogaz CEO Alexei Chernyshov was quoted as saying in the statement.

The memorandum with Komaihaltec calls for installing wind turbines with capacity of 1 MW "at one of the group's facilities," the company said.