World Bank in question whether to support new thermal power plant in Kosovo

World Bank in question whether to support new thermal power plant in Kosovo

The World Bank has said they have not yet decided whether to support the new 500-megawatt power plant. This project is the largest in the Balkans for more than two decades, Reuters writes. Last year, the Government of Kosovo had signed the agreement with the London-based American firm for the value of [...]

This project is the largest in the Balkans for more than two decades, Reuters writes.

Last year the Kosovo government had signed the agreement with the London-based American firm for the value of $1.2 billion.

Kosovo is said to be in battle with energy shortages. About 90% of energy is produced from coal, viewed as one of the largest pollutants in Europe.

The World Bank has said that “is finalising an option study”

The rate of technological changes in the energy sector is moving rapidly, especially in renewable resources, such as solar and wind, for which prices continue to fall”, a World Bank spokesman for Reuters has said.

Our “analysis is taking into account developments on what we're keeping government” informed.

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