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Bucharest
March 5, 2021
BUSINESS

RON 163 M state aid for the closure of mines

The government will pay this year, integrally from the budget, a state aid worth RON 163 M (EUR 36.8 M) that will facilitate the closure of unprofitable coal mines of Jiu Valley, with the money being used to cover the losses generated by current operations and exceptional costs. For the pit coal delivered by the units that are in a definitive closure process, the government will extend a state aid exceeding RON 131 M, destined to covering the losses of current production, and for the units that entered a definitive closure process it will provided this year a state aid of RON 31.9 M in view of sustaining exceptional expenses unrelated to current production, reveals a draft government decree obtained by Mediafax. Two years ago, the European Commission approved a state aid of RON 1.17 bln (about EUR 270 M) for closing the uncompetitive coal mines from the Petrila, Uricani and Paroseni units operated by Compania Nationala a Huilei (CNH) Petrosani.

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