Ukraine and Russia will cooperate on the completion of the third and fourth reactors at the Khmelnytskyi nuclear power station.

Under the agreement, Russia and Ukraine will split the cost of the loans for financing the completion of the reactors, according to Ukrainian News Agency.

Rosatom State Nuclear Energy Corporation general director Sergey Kirienko said that part of the funding could be provided under the agreements between the countries and part could be obtained in the form of a loan from commercial banks.

Russia will provide finances for the design, construction and commissioning of the two reactors including payment for services and goods delivered to Ukraine from Russia.

While the amount of the deal has not been disclosed, it will be spent during the period 2011-2015.

At present, the power plant has two reactors with an installed electricity capacity of 1GW each.