An updated project adapted to the current state of Ukraine's unified energy system envisages the construction of a pumped storage power plant with a reduced capacity of 1000 MW.
[1] The project for the construction of the power plant, developed in 1985 by the Kharkiv Institute "Ukrhydroproject", envisaged the construction of a PSP with daily and weekly load regulation of the energy system with a capacity of 3600 thousand kW, consisting of 16 rotating hydro units with capacities of 225 and 250 thousand kW in generator and pump modes, respectively.
From 2006 to 2007, PJSC "Ukrhydroproject" (Kharkiv) developed and approved an updated feasibility study for the construction of the Kaniv PSP.
[3][4] In November 2008, public hearings were held in the villages of Pshenichniki and Bobrytsia in Kaniv Raion, Cherkasy Oblast, on the continuation of the construction of the Kaniv PSP, and the construction and operation of the power plant were approved by the local community, as documented in the relevant protocols.
[9] The project implementation was suspended due to political events but resumed in July 2016 when the Cabinet of Ministers of Ukraine adopted a new hydropower development program, which includes the construction of the Kaniv PSP.