KYIV, Jan 26 – State-owned energy trader Energy Company of Ukraine (ECU) and the Turkish company Karpowership, together with national and international organizations, plan to develop a project to finance and launch 500 MW of electric power from floating power plants for Ukraine.

To this end, the companies signed a memorandum of understanding and cooperation in the field of power supply and the use of floating power plants to overcome the energy shortage in Ukraine, ECU said in a press release on Thursday.