Credit line obtained for development projects in Kolubara mine basin company

Published on 9. August 2011., Uncategorized

 

Kolubara mining basin company is preparing for opening of three new surface mine fields, which will secure the electricity production in next decades. For this investments, Kolubara mining basic company got credit line from EBRD and German development bank Kfw in total value of 150 mil euro..

Experts in biggest Serbian energy giant are preparing projects and necessary documentations so they can start next year the opening of new surface coal fields C, E and South field which should replace the existing D field. That D field was supplying more than 40% of coal from Kolubara to power plants.

– Credit line under excellent conditions is a great privilege for our company. So far assets from Europe was not that much invested in mining, due to the concerns for ecology but thanks to the serious and detail studies we proved that coal as energy source still does not have alternative and that with coal homogenization environment is being improved