Kaniv pumped storage plant: project risks

In March 2006, the Ukrainian Cabinet of Ministers approved the "Energy Strategy of Ukraine till 2030." The Strategy foresees the growth of electric power generation mainly by the development of Ukraine's power engineering due to the priority usage of nuclear energy. As nuclear power plants (NPPs) do not represent loads-shifting generating capacities, there is a problem with loads-shifting in the network. For this purpose the Strategy foresees the installation of loads-shifting capacities - or pumped storage plants (PSPs). But the construction of the Kaniv PSP is an unlikely solution to the problems of the Ukrainian power sector and will have a number of negative environmental, social and economical impacts. The present report provides a detailed analysis of those impacts.