40 minutes agoFormer minister says Kosovo risking losing millions of euros
Periskopi(8 years ago)
(8 years ago)Former Trade and Industry Minister Bajram Hasani is calling it extremely harmful and dangerous to withdraw the World Bank from financing the construction of Kosovo's new thermal power plant, “New Kosovo”. Hasan, who had also been a member of the Intergovernmental Committee for New Kosovo “, is considering it dangerous to withdraw the Bank [...]
Hasan, who had also been a member of the Intergovernmental Committee for “New Kosovo”, is considering it dangerous to withdraw the World Bank from financing the new thermal power plant.
Says that under the agreement with “Contour Global”, if for any reason the construction of this project fails, Kosovo will be obliged to pay 20m euros “Contour Global”.
The World Bank's withdrawal from funding is bad news. Kosovo is obliged to pay nearly 20m euros in penalty to Contour Global. As is the agreement. If for any reason the project fails, Kosovo is obliged to pay the penalty”, Hasani for Inseder has declared.
World Bank President Jim Jong Kim said two days ago that the coal thermal power plant “New Kosovo” cannot compete with the price of renewable energy.
He said the World Bank has withdrawn support for building the new thermal power plant.
For the Balkans, yes, we have made a very determined decision not to go ahead with the coal-fired thermox1> plant, he had declared.
