Director of Serbian coalmine Resavica Marko Vukovic said that Chinese investors have expressed interest in the privatization of the coalmine.
Vukovic said that Chinese investors already held talks with Serbian Government regarding the coalmine’s privatization and visited the mine itself.
He added that the Government is also negotiating with a Czech bank regarding a 10 million euros commodity loan in order to increase the safety, the production volume and the profit of the
coalmine.
Also, two new machines will be introduced to the underground exploitation system in Resavica
mines for the first time after 30 years. Vukovic said that the company currently has 3,500 employees and could not survive without the state
help.
In 2016, the International Monetary Fund (IMF) recommended to Serbia to take action to end the drain on public resources by large utility companies and other state-owned enterprises, with the restructuring of several state-owned
companies, including Resavica coalmine.
Monday, May 6
Trending
- Greece: Lightsource BP secured financing for 560 MWp solar park
- Greece: Tender for studies on Greece-Egypt Interconnector launched
- Hungary: Government to award 158 million euros for energy storage projects
- Albania: EBRD is providing a loan for a 50 MW solar project
- Romania: BayWa enters the Romanian RES market
- Slovenia: GEN-I issued a 50 million euro green bond
- Romania: Iberdrola exits Romanian market by selling 80 MW wind farm
- Europe: CO2 emission allowances remained below €70/t in week 17