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.
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