KIEV, Nov. 25 – Switzerland's Alter Energy Group AG (earlier Fincon, Zurich) has signed a letter of intent to build and own five hydropower plants in the Ivano-Frankivsk region of Ukraine with Halychynaenergoinvest Company.

The company says it plans to build two 40 MW and 20 MW plants on the Dniestr river and three 5 MW plants on the Prut and Limnitsa rivers.