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UAE: Investment in Ukrainian solar plant

Abu Dhabi-based Arab Investment and Development Authority (AIDA) has signed a deal with Ukraine’s STC Energy to develop solar power plants in the east European country to generate 170MW of electricity. AIDA is reportedly to provide $2bn in backing for the project. The agreement was signed by AIDA chairman Adil Al-Otaiba during an event held by the Ukrainian Chamber of Commerce in Dubai on 28 March. The deal reportedly also involves co-operation in agriculture and rural development.

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