EBRD BACKS SERB COAL POWER PROJECT, DESPITE ENVIRONMENTALIST OBJECTIONS
July 1st, 2011
BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction & Development (EBRD) will lend Euro EUR80 million to help Serbia's main electricity company expand dedicated coal production, despite environmentalist objections.
In fact said EBRD spokesman Sergiy Grytsenko, by helping Elektroprivreda Srbije (EPS) use more modern coal processing technology at its Kolubara basin mines, the loan would reduce carbon air pollution through EPS' lignite-fired plants.
"These improvements will lead to savings of around 250,000 tonnes of coal for the same amount of ...
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