It Is Planned To Sign An Agreement On The Construction Of A New Nuclear Power Station In Ukraine

As part of a Ukrainian-Russian economic forum it is planned to sign an agreement on the joint construction of a nuclear power station in Ukraine, it was said on the sidelines of the forum. Apart from Russian contractors taking part in the project, the Russian side will advance a credit to Ukraine to build the station, totaling 1,060,000 dollars. A source told RIA Novosti that this sum was pencilled in Russia's budget for 2002. Initially, the Ukrainian side planned to build the nuclear station with a credit from the European Bank for Reconstruction and Development /EBRD/. But the bank's terms did not suit the Ukrainian side. The EBRD offered the credit at a high interest rate and on condition that Ukraine raise electricity tariffs on its territory.