newsMinister of Energy and Coal Industry Eduard Stavytskyi and the European Investment Bank (EIB) signed Declaration of intent for cooperation in financing projects in the hydropower industry in Ukraine.

It is expected to attract credit resources of several international financial institutions and banks that are interested in building project Kanivska GPP including the EIB, which signed the aforesaid Declaration.
It is planned to attract international funding for up to 70 % of the total project costs, which is more than UAH 12 billion. The remaining funds “Ukhidroenerho” will draw from the sale of the electricity and the minor part will be raised within the governmental program for revitalization of the economy in the 2013-2014.