The Energy ministry is initiating two government decisions allocating 50 million RON from the Budget Reserve Fund available to the prime minister to financing the new company Valea Jiului SA Energy Complex and establishing a Service of general economic interest for mine safekeeping and coal mining activities in Valea Jiu, write Agerpres.

According to a ministry release, a compensation of 65.8 million RON borne entirely from the state budget, through the budget of the Ministry of Energy, will be granted for the provision of the service of public interest by the Valea Jiului Energy Complex SA, in the remaining months of 2023, in order to support the costs of units under closure, costs that are not related to current production.

Valea Jiului SA Energy Complex will take over the operating assets of Hunedoara SA Energy Complex in the coming period and its 2000 miners and staff will be employed in the new Complex. Moreover, company representatives are holding talks with potential investors in green energy to diversify energy production activities in the area and ensure new jobs and a decent standard of living for the inhabitants of the Jiu Valley, the Energy Ministry said.

„Promise kept: we secure the present and shape the future for the Jiu Valley. We have endeavoured to speed up a number of steps where we have found delays. Our objective is to leave no one behind. The two government decisions are living proof of the continuation of mining and of giving the Jiu Valley a new perspective. The area has a future, we are looking for potential investors in green energy to diversify energy production activities and ensure new jobs and a decent standard of living for all the inhabitants of the Jiu Valley,” said energy minister Sebastian Burduja.

These amounts be followed by around 300 million RON in the revision, which will support coal-fired energy production activities, mine safekeeping activities and the preparation for the transition to other energy sources in the area.