KIEV, Oct. 8 – Ukrhydroenergo (Vyshgorod, Kiev region) has signed a project agreement with the European Investment Bank on a loan of EUR 200 million to realize a project on the renovation of hydroelectric power plants.

The document was signed on October 8 by Ukrhydroenergo Director General Ihor Syrota and EIB Director Heinz Olbers.

The project, which has a total cost of UAH 6.73 billion (value added tax included), will be finished by 2018. The loan is taken from the EIB for 15 years.