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Romanian aid to back coal exit wins EU Commission approval

( November 15, 2024, 11:02 GMT | Official Statement) -- MLex Summary: Romania has secured clearance for its plans to grant 790 million euros in public support to Societatea Complexul Energetic Valea Jiului to help it cover the costs arising from the shutdown of four of its uncompetitive coal mines in the Jiu Valley. The measure, which will cover social and safety costs for the period covering Oct.1, 2023 to Dec. 31, 2032, will help the member state phase out coal by that date, the EU executive said today. Abstract follows. The full press release is attached. Case reference is SA.111282. ...

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