KIEV, Oct. 29 - Tokmak Solar Energy LLC launched the first phase of a solar power plant in Tokmak district of Zaporizhia region with a capacity of 1.5 MW, the press service of Zaporizhia Regional Administration has reported.

"We assembled the first phase in less than four months. The total capacity of the plant will be 10 MW. It is planned to realize the project by late 2013… The payback period of the project is around four-and-a-half years. We're investing $40 million in its realization," the press service said, the citing chairman of the supervisory board of Tokmak Solar Energy, Oleksandr Repkin.

Almost 70 jobs have been created during the construction of the first phase. Thanks to the operation of the plant, the budget of the closest settlement annually will be expanded by UAH 230,000.