Euratom, EBRD to provide K2R4 loans

21 September 2005

Loan agreements for improved nuclear safety in Ukraine have been signed by President Viktor Yuschenko.

Presidential ratification of the deal will see national nuclear power company Energoatom take the loans under the terms of a guaranteed agreement between Ukraine and the European Atomic Energy Community (Euratom) to improve safety at Khmelnitsky 2 and Rovno 4 (K2R4). The loan is worth $83 million.

A second deal has been ratified between the European Bank for Reconstruction and Development and the Ukraine that will see a further $42 million go to Energoatom for the same purpose.

Energoatom originally signed the loan agreements at the end of July 2004.

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