Will Ukrainian mines be privatized?

miners

First Deputy Minister of Energy and Coal Industry Yuriy Zyukov, at an on-site briefing held at the Tripolskaya Thermal Power Plant, told journalists that the Ministry of Energy and Coal Industry plans to prepare all 35 state-owned coal mines for privatization by 2016.

Zyukov reported that all mines located in Ukrainian-controlled territory are being prepared for privatization. The deputy minister also noted that the privatization of mines in the Lviv-Volyn coal basin is planned for April-May 2015. Work on the privatization plan is currently ongoing.

It's worth noting that the mines of the Lviv-Volyn Basin produce grade G coal. As a reminder, Volodymyr Demchyshyn, head of the Ministry of Energy and Coal Industry, predicts that Ukrainian thermal power plants will switch from anthracite to grade G coal this spring. The Ministry of Energy also promised to present a plan for the privatization, reorganization, and liquidation of mines by March 2015.

 

SKELET-info

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