Ukraine to Get 400 Million Euros for HydroPower From EBRD, EIB

The European Investment Bank and European Bank for Reconstruction and Development will lend Ukraine 400 million euros ($566 million) to upgrade hydropower stations, the Energy and Coal Industry Ministry said.

An accord will probably be signed in September, the Kiev- based ministry said late yesterday in an e-mailed statement.

Ukraine will use the funds to increase electricity production by 213 gigawatts an hour at its six hydropower stations from 2011 through 2016, according to the statement.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net;

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net;

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