KIEV, April 7 – The International Bank for Reconstruction and Development will provide financing of $382 million to Ukraine to modernize 10 municipal heat supply enterprises, the Regional Development, Construction, Housing and Utilities Economy Ministry reported on Monday.

The ministry said that the agreement with the IBRD was reached after talks with a Ukrainian delegation headed by Deputy Regional Development, Construction, Housing and Utilities Economy Minister Hryhoriy Semchuk.

As reported, referring to Oleksandr Vilkul, the Cabinet of Ministers at a cabinet meeting on February 12, 2014 decided to raise some $382 million from the IBRD to realize a project on the introduction of energy saving solutions in the centralized heat supply area at 10 heat supply companies. The negotiations with the bank were scheduled for February 21-22, 2014.