MADRID (Reuters) – The European Commission said on Friday that the Spanish government plans to allocate 2,130 million euros to manage the closure of 26 coal mines uncompetitive comply with the rules of the European Union on public aid.
The EU executive arm said that these funds are not unduly distort the operation of competition in the single market.
“The objective of the aid is to facilitate the closing process, covering production losses of mines until its closure,” he said in a press release.
These grants cover operating losses of these mines until its closure in 2018 and financially assist workers who have lost or will lose their jobs.
In addition, will finance the safety and rehabilitation work necessary after the closure of the mines.
The current Community legislation provides that the coal mines that receive state aid must be closed at the latest by 2018.
the Spanish authorities have undertaken to recover any aid granted to mines that have not been closed on that date, the Commission said
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