EBRD Lends EU80 Million to Serbia’s EPS for Coal Mines
This article is for subscribers only.
The European Bank for Reconstruction and Development approved an 80 million-euro ($116 million) loan to help the Serbian state-run power company upgrade its coal mines that fuel the country’s biggest thermal plants.
The loan, together with an expected 74 million euros from Germany’s development bank KfW, will help Elektroprivreda Srbije, or EPS, buy new equipment for the open pits of its Kolubara mining basin south of Belgrade, the London-based bank said in an e-mailed statement today.