Three State Mines to be Transferred to the State Property Fund to Attract Investors

Three State Mines to be Transferred to the State Property Fund to Attract Investors

The Ministry of Energy has initiated the transfer of three state coal mines — State Enterprise «Lvivvuhillia», State Enterprise «Volynvuhillia», and State Enterprise «Dobropilliavuhillia-Extraction» — to the management of the State Property Fund.

This is reported by Finway

Purpose of the Transfer and Expectations from Investors

The key objective of this decision is to attract responsible investors who will ensure the technical modernization of the enterprises, optimize production processes, and contribute to the preservation and creation of new jobs. The Ministry of Energy emphasizes that the search for investors should become a driver for the modernization of the mines and the enhancement of their competitiveness.

«The goal is to find responsible investors for these enterprises who will carry out their technical re-equipment, streamline processes, and preserve and increase jobs,» the Ministry of Energy explains.

Transformation Projects and Legislative Changes

In addition to the transfer of the mines, transformation projects for unpromising enterprises — PrJSC «Shakhta Nadiia» and Mine No. 9 Novovolynska — are being considered. Among the priorities is the effective use of the territories of former mines by local communities. In particular, this involves the possibility of establishing administrative service centers (ASC), dormitories, and other socially important facilities to meet the needs of residents on these sites.

The Ministry of Energy, together with local self-government bodies and the parliamentary corps, is working on legislative changes to ensure the transfer of the relevant property to localities and support the development of communities.