KYIV. Oct 6 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers has passed a resolution on reconstruction of four substations of national energy company Ukrenergo in Kharkiv and Dnipropetrovsk regions with a total cost of EUR 150 million using funds raised from Germany.
The document has been approved at a government meeting on Wednesday.
The substations would be reconstructed under a Ukrainian-German project on construction and development of infrastructure in eastern Ukraine. Its cost is EUR 500 million.
Energy and Coal Industry Minister of Ukraine Ihor Nasalyk said that the sides have agreed the issue. At the end of this week the Finance Ministry will discuss the credit rates with German colleagues.
