IVANO-FRANKIVSK, May 15 – The first solar power plant in Ivano-Frankivsk region – Bohorodchany 1 (Stari Bohorodchany) was launched on Monday.

Bohorodchany 1 Solar Power Plant LLC Director Maksym Kozytsky, told reporters that the total cost of the project came to UAH 38 million. Individual residents are investors in the project. The payback period of the project is six or seven years.

He said that the plant would generate around 3 million kilowatts of power a year, which will be transmitted to the Ukrainian power grid.