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Signatories of energy community treaty meet
Belgrade,
9 December 2005
The Serbian Ministry of Energy and Mining stated today that Minister Radomir Naumov had participated in a ministerial meeting of state parties to the South East Europe Energy Community Treaty, held today in Sophia.
The statement reads that the ministerial conference was dedicated to the implementation of the Treaty even before it comes into force, and that several important conclusion were made at the conference.
One of the conclusions supported by the participating ministers is the creation of a regional fund for financing infrastructural projects in the field of energy. The European Investment Bank, the European Bank for Reconstruction and Development and the World Bank will take part in the formation of this investment institution.
The participants in the meeting also adopted a conclusion on the work of a high-level permanent group for the energy community. They adopted a transitional strategy for electrical energy, and the development options for the electricity market.
The participants agreed that it is necessary to adopt the Memorandum of Understanding that would tackle social consequences of the implementation of the Energy Community Treaty.
The ministerial council approved the Ukraine, Moldavia and Norway the status of monitoring countries at their request.
Apart from taking part in the work of the ministerial council, Naumov used this meeting, the first one after the Treaty had been signed, to hold a series of bilateral talks with representatives of the countries of the regional community, it is said in the statement.
One of the conclusions supported by the participating ministers is the creation of a regional fund for financing infrastructural projects in the field of energy. The European Investment Bank, the European Bank for Reconstruction and Development and the World Bank will take part in the formation of this investment institution.
The participants in the meeting also adopted a conclusion on the work of a high-level permanent group for the energy community. They adopted a transitional strategy for electrical energy, and the development options for the electricity market.
The participants agreed that it is necessary to adopt the Memorandum of Understanding that would tackle social consequences of the implementation of the Energy Community Treaty.
The ministerial council approved the Ukraine, Moldavia and Norway the status of monitoring countries at their request.
Apart from taking part in the work of the ministerial council, Naumov used this meeting, the first one after the Treaty had been signed, to hold a series of bilateral talks with representatives of the countries of the regional community, it is said in the statement.
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