Energy Headlines

The Government will provide intensive financing of the nuclear-power complex.

This was stated by Prime Minister of Ukraine Yulia Tymoshenko during her working visit to the Kirovohrad region.

“To build the nuclear-power complex till 2015 we need, undoubtedly, powerful financing”. Yulia Tymoshenko noted that such financing would be implemented at the cost of direct budget expenses and administration of public guarantees.

The Premier noted that in amendments to the 2008 State Budget the Government had already envisaged 300 million UAH for drafting a program on the nuclear-power complex. According to Yulia Tymoshenko, for the upcoming year it is intended to allocate for these needs public guarantees to the sum of 1 billion UAH.

The Head of Government underscored that both domestic and foreign banks would provide financing. “Any banks can do it which has agreed to give such credits against public guarantees of Ukraine”.

Source: Official website of the Cabinet of Ministers of Ukraine