The government has signed a protocol on cooperation with China
Development Bank on opening a special credit line and raising a total of
more than $3.5 billion in loans for implementing such coal projects.
“With implementation of the first five projects under this agreement,
one could expect such results as early as the next few years: a major
strengthening of the country’s energy security, further reduction of
natural gas import by over 3 billion cubic meters and annual savings of
up to $1.2 billion on average,” the prime minister said.
Ukraine will also manage to save up to Hr 150 million in public
funds because of the decreased subsidy of the price of gas used to
produce thermal power for households, he said.