Economy

Parliament ratifies credit agreement worth EUR 200 m signed with EBRD to renovate hydropower plants

The Ukrainian parliament has ratified a credit agreement signed between Ukraine and the European Bank for Reconstruction and Development (EBRD) regarding a project on the renovation of hydroelectric power plants under the management of public joint-stock company Ukrhydroenergo.

A total of 271 out of 347 lawmakers registered in the session hall on Tuesday supported the law.

The agreement foresees the provision of a EUR 200 million loan to upgrade hydromechanical and electromechanical equipment at the power plants of Ukrhydroenergo.

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