National Nuclear Generating Company Energoatom has raised a $35 million credit from state-run Ukrgasbank (Kyiv).

The company said on the public procurement website that the sides signed the agreement on December 21, 2015.

The cost of the credit line will be $13.125 million (value added tax not included), or 12.5% per annum. The credit line is opened for three years.

Alfa-Bank (Kyiv) with the offer worth $16.275 million took part in the tender.

Energoatom is the operator of all four Ukrainian-based operating nuclear power plants, which have 15 VVER reactors with an overall generating capacity of 13.835 gigawatts.

Ukrgasbank was created in 1993. The state held 94.9409% of shares in the bank as of October 2015. Ukrgasbank ranked 11th among 123 banks operating in the country on October 1, 2015 in terms of total assets (UAH 34.044 billion), according to the National Bank of Ukraine.