The European Bank for Reconstruction and Development and the Serbian coal sector
Publisher: CEE Bankwatch Network
Volume: 4 pages, pdf
Description:
The European Bank for Reconstruction and Development and German development Bank KfW are considering providing loans worth EUR 140 million (80 and 60 million respectively) for the development of a new field in the lignite open pit mine in the Kolubara mining complex in Serbia.1 This investment may strengthen the already dominant market position of state-owned Serbian Electricity Company (EPS) and deepen the country's dependency on lignite - the dirtiest of fossil fuels.