TOKYO, April 7 – Japan is ready to provide a $60 million grant to modernize turbines of Trypilska and Zmiyivska thermal power plants, part of state-run Centrenergo, Ukrainian Energy and Coal Industry Minister Volodymyr Demchyshyn told reporters in Tokyo on Thursday.
"We talked to the companies that had visited Trypilska and Zmiyivska plants, examined them thoroughly and are ready to provide a $60 million grant for modernization of turbines. This project was delayed, as Japan was not ready to pay taxes and VAT. Last week the government made the decision, which will allow importing the equipment without VAT payment," he said.
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