New Delhi: Ukraine on October 3 offered to participate in turn-key power projects in India and said there was vast potential for co-operation in investments, joint ventures and privatisation.

"We can offer the participation of our enterprises in turn-key projects on the construction of hydro and thermal power plants and assistance in reconstruction of the existing energy-generation facilities," Ukrainian President Leonid D Kuchma said at a meeting jointly organised by Federation of Indian Chambers of Commerce and Industry (FICCI) and Confederation of Indian Industry (CII).

There is a huge potential for development of trade and economic co-operation between the two countries, especially in investments, establishment of joint ventures and privatisation, Kuchma said, adding markets of both the countries too had huge potential.

"We can offer the latest products of Ukrainian enterprises, in particular the modern cargo aircraft An-70, environment-friendly coke and chemical technologies that have proved to be safe at metallurgical enterprises of Ukraine and Confederation of Independent States (CIS), unique turbines and power generation equipment," he said.

PTI