EXCLUSIVE / Electricity prices in Ukraine are expected to double to help pay for a series of safety upgrades to old Soviet nuclear power stations, according to a leaked report by the European Bank for Reconstruction and Development (EBRD).
EBRD, a public sector bank investing in Eastern Europe and elsewhere on behalf of 64 countries and the European Union, last year announced a €300 million loan to the Ukrainian state nuclear power company, Energoatom. It is the largest nuclear safety loan the bank has made.