BRUSSELS, Sept. 21 – The European Investment Bank will grant Ukraine a credit worth EUR 200 million for the renovation of hydropower plants.

Energy and Coal Industry Minister Yuriy Boiko and EIB Director Heinz Olbers signed a relevant agreement between the EIB and Ukrhydroenergo in Brussels on Friday.

EIB Vice President Anton Rop said that this project is the first in the bank's cooperation with Ukraine and is aimed at increasing the share of electricity from renewable sources.