KYIV, Oct 11 – Raiffeisen Bank Aval and Gals Agro agri-business have signed a EUR 10 million loan agreement under a renewable energy financing program.

The loan will be spent by the company on the construction of three biogas plants in Chernihiv and Kyiv regions, the bank said in a press release on its website. The total capacity of the facilities will be 6 MW.

The plants will be operated by one of the company's enterprises – Horodyshche-Pustovarivske Agrarian Company.