The eventual failure of the New Kosovo thermal power plant will cost state over 19m euros

The eventual failure of the New Kosovo thermal power plant will cost state over 19m euros

Minister of Economic Development in the Government of Kosovo, Valdrin Luka, has said that it is still not known what the price of electricity will be if the thermal power plant “New Kosovo is built. Luka has said September will be the crucial month for the construction of the “New Kosovo thermal power plant. He has said that unless funding is secured [...]

Luka has said September will be the crucial month for construction of the “New Kosovo thermal power plant.

He has said that unless funding is secured by Contour Global, Kosovo will receive a damages of 7.5m euros due to its failure to implement the contract.

Luka has said in RTV Duguagjini that if Kosovo does not approve the construction of this thermal power plant, it should pay 19.6m euros after millions of euros have been spent on research and other things.

The Minister of Economic Development has said the company should provide water and coal to function normally, and for that the guarantor should be the Government of Kosovo, as our companies have no capacity for such large projects.

Luka has yet to say how much impact will have on the increase in consumer electricity prices.

“We need to know what the cost of producing electricity for megawatts will be, and then we can know the impact it will have on the consumer”, he said, sends to Telegrafi.

He has said civil society is counting as the 80-dollar ceiling price for megawatts that are wrong, as it will not be the price of buying energy for the next 20 years.

“In September we can be able to know exactly the price of electricity”, Valdrin Luka said, among other things.

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