EBRD in €200 Ukraine energy loan

The European Bank for Reconstruction & Development (EBRD) has approved a €200 million loan to help fund hydroelectricity generation in the Ukraine.

Ukraine's state-owned operator of large hydro generating and pump storage facilities, Ukrgidroenergo, will use the loan to fund the upgrade of equipment at its hydropower plants.

The funds will cover the modernisation of 28 power units on the Dnieper River, extending their lifetime by 30 years. Hydraulic turbines, generators, and dam safety and auxiliary equipment will be supplied and installed at the Kremenchug, Dnieprodzerzinsk, Dnieprovska and Kaniv hydropower plants, as well as at the Kiev pump storage plant.