You're reading: Germany ready to contribute 20 million euros to multifund for coal industry reform in Ukraine

Federal Minister for Economic Affairs and Energy of the Federal Republic of Germany Peter Altmaier considers it necessary to create an appropriate multifund to reform the coal industry in Ukraine, to which Germany is ready to make the first contribution of 20 million euros.

“The Federal Minister for Economic Affairs and Energy proposed to create a multifund, to which Germany is ready to make a first contribution in the amount of 20 million euros and calls on other countries to participate,” the statement reports on the website of the Energy Ministry of Ukraine.

According to the report, international partners have already expressed their interest not only in the implementation of pilot projects but also in the implementation of the reform of the coal industry as a whole.

As reported, in early October, Minister of Energy Olha Buslavets presented a draft concept for reforming the coal industry in Ukraine. According to the draft concept, the matter, in particular, concerns the distribution of mines into three groups: the first is the mines to be integrated with PJSC Centrenergo and are its resource base. The second is dual-use mines, that is, those that extract both steam and coking coal used in metallurgy. The third group mines, which are subject to privatization not only as coal mining enterprises but also as integral property complexes for the purpose of re-profiling.

Then the ministry noted that it, together with foreign partners, in particular the German government and international organizations, were selecting mines for pilot projects to transform coal mono-cities. The Ministry of Energy offered the German side six mines in the west and the east of Ukraine.