VGK activates charcoal.

Oleg Misevra and Aleksandr Nesis are looking for partners in the Sakhalin project.

Eastern Mining Company (VGK) of the former President of SUEK Oleg Misevra and ICT Group of Aleksandr Nesis are looking for investors in the coal project on Sakhalin worth 36 billion roubles. The money is needed to increase the production threefold to 10-12 million tons of energy coal per year, and the construction of a port pipeline from the Solntsevskiy cut. Foundation for Development of the Far East of VEB is ready to allocate 2.5 billion roubles, but the shareholders of VGK count on 75% from third-party investments. The project is conveniently located and can pay for itself in four years, however, it is now difficult to find investors in the coal sector, the experts state.