In Balkans big energy race, Kosovo is too late

In Balkans big energy race, Kosovo is too late

The Kosovo government has set a goal of completing the signing of the contract before Christmas with “Contour Global”, which by next year should begin investments in building new energy capacities. Economic Development Minister Valdrin Luka, in a conversation for KTV, has provided details about the rate of return [...]

Economic Development Minister Valdrin Luka, in a conversation for KTV, has provided details for the investment return rate, which, according to him, has decreased, while after two decades, the thermal power plant is returned to the state of Kosovo.

He has made it known that the generator will be with the latest technology and, according to standards applied in the European Union, so that as soon as Kosovo starts membership negotiations, it will not face problems in this area.

Luka has added that based on this fact, the equipment that will be posted will be purchased by companies that have their own production factories in Europe and that work according to EU regulations.

The capacity that this thermal power plant will have will be as much as currently produces the Kosova A thermal power plant, which must be closed when the new job starts.

On this issue, Minister Luka agrees that Kosovo will not become a major exporter of energy, despite the need for this product is expected to grow to large extent.

The World Bank, which has not yet given the final word but that the minister is confident that they will support the same project because it is being built on capacity according to their demand.

“Contour Global” is an American company to build power generation capacities based on renewable energy and thermal energy.

The first produces 1499 megawatts, and in that thermal, 2640.

The company in question extends to 3 continents, including Europe.

In the Western Balkans, a large competition for building new energy capacities is under way.

Kosovo, in this respect, has been severely delayed.

The idea for building new power capacities from coal began in 2006, where the thermal power plant between 1,800 and 2,100 megawatts was scheduled to be built.

However, numerous delays and successive failures of this project reduced its production capacity to about 500 megawatts.

 

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