EBRD allocates €75 million loan to Ukraine for hydropower plant recovery

News Department
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The European Bank for Reconstruction and Development (EBRD) has provided Ukraine with a €75 million loan for the restoration of hydroelectric power plants (HPPs).

According to Report, Ukraine"s Ministry of Energy said in a post on social media that the loan will be provided under an agreement signed between the EBRD and the state-owned company Ukrhydroenergo.

In addition, Ukraine will receive a €20 million grant to support the restoration and resilient operation of hydropower plants under martial law.

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