KYIV, March 20 – PrJSC Ukrhydroenergo and the European Investment Bank (EIB) signed a Memorandum of Understanding (MoU) on cooperation in refurbishing three hydroelectric power plants (replacement of hydraulic and hydraulic power equipment) – Kaniv, Kremenchuk and Dnipro, the company has reported.

According to its Tuesday evening press release, the memorandum was signed by EIB Vice-President Teresa Czerwinska, in charge of the bank's operations in the region, and Ukrhydroenergo CEO Ihor Syrota in the presence of Prime Minister Denys Shmyhal and EIB President Nadia Calviño in Luxembourg.