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One of the largest cement producers invests $15 million in its own power plant

Ihor Mazepa, co-owner of PJSC "Kryviy Rig Cement", one of the largest cement producers in Ukraine, said that the company is going to build its own power plant in order not to depend on power outages.

"Now we are building an independent power generation plant at Kryvyi Rih Cement. We need to generate 24 MW of power, this will be enough for the plant to work without failures. For us, this project will cost about $15 million. Its payback will be three to four years. This is a necessary measure, to prevent business from stopping," he said.

Ihor Mazepa believes that investments in the energy industry can have a good return in the long run. According to him, Kryvyi Rih Cement will build 40 MW of storage capacity in a short period of time, which will balance the energy market.

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