Norwegian company interested in investment in Kosovo

Norwegian company interested in investment in Kosovo

Minister of Economic Development Valdrin Luka has hosted the meeting today. Henrik Selstam, chief executive of the Scand Gren Energy company, who was interested in investing in Kosovo in the renewable energy sector. Scandren Energy is a Norwegian company that has more than 30 years of experience in chemical production and has [...]

Scandren Energy is the Norwegian company, which has more than 30 years of experience in chemical production and has factories in different parts of the world, such as Slovakia, Denmark and Germany.

Henrik Selstam along with his delegation visited Minister Luka in order to be informed about the waste recycling field in order to produce energy.

MZE head, Mr. Valdrin Luka, hosted them and briefed them about the state of this sector and about investment opportunities in Kosovo, respectively.

The “waste recycling sector is one of the sectors that has huge potential but has the least development in Kosovo. The Kosovo government is very interested in further developing this area. There are two possibilities to invest, the first is for investment to be in co-operation with the Government of Kosovo, as the main shareholder with 51%, which facilitates the benefits of grants from IPA funds. As with the second possibility, the only company to invest through the Strategic Investment Law” said Mr. Luka.

Henrik Selstam thanked the minister for the information given and said the ScandGreen Energy is looking to invest about 65m euros in Kosovo.

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