18 minutes agoBalkan Green Foundation and GAP Institute seek immediate withdrawal from contract for T construction C Kosova e New
Periskopi(7 years ago)
(7 years ago)Balkan Green Foundation (BGF), the GAP Institute, the Group for Jury and Political Studies (GLPS) and the Institute for Development Policy (INDEP) have raised their continuing concerns over the multibillion-euro contract of the Kosova New Power Plant, which is only being lived with the help of the public company NKEC. BGF and INDEP require immediate withdrawal from the contract for [...]
Balkan Green Foundation (BGF), the GAP Institute, the Group for Jury and Political Studies (GLPS) and the Institute for Development Policy (INDEP) have raised their continuing concerns over the multibillion-euro contract of the Kosova New Power Plant, which is only being lived with the help of the public company NKEC.
BGF and INDEP request immediate withdrawal from contract for T construction C Kosova e Re, as they say this project will bankrupt Kosovo economically, will be unable to liberalise and integrate the electricity market, as well as present an impact on the environment, health and human rights.
“Cutting off this harmful project, Kosovo has the opportunity to build European future through energy transition towards renewable sources, energy efficiency and an integrated and liberal market in the function of price sustainability and consumer protection”, the statement said.
Remembering that the Government of Kosovo has founded the public company NKEC (Kosovo's New Energy Company), which will serve as mediator between private investor Contour Global and the energy market in Kosovo, BGF and INDEP stress that the New Kosova has a guaranteed price of 80 euros/MWh and NKEC is forced to buy 100 per cent of the capacity of the New Kosova TC, which is expected to produce about 3,37 000 MWh per year even if the market does not ask for it.
When we multiply 3,370,000 MWh annually at the guaranteed price of 80 euros/MWh, it turns out that Kosovo citizens will have to pay Contour Global 270m euros annually or 5.4 billion euros for the next 20 years after the construction of the plant.
Funding the construction of the thermal power plant is provided with a financial structure where 70 percent of the cost is expected to be covered by financing through credit and 30 percent by investment through private company Contour Globalbal. With such a funding facility, 910m euros will be financed through credit, as well as 390m euros, will be financed through private investment. Contour Global forecasts that within just one year, he will collect 270m euros, or 69 percent of their private investment”, the statement concludes.
