Kurti government risks Kosovo with a million-euro indictment in Arbraz: This is warned by SHER

It is fair to say that without direct and indirect foreign investments, Kosovo will never succeed in lowering the unemployment and poverty rate, and will never achieve economic growth at a higher pace. So our politicians can say whatever they want, but the development of the country and the major problems of citizens are actually in the hands of others: investors.

And while Serbia has been declared twice in the last three years as the best state in the world to attract foreign direct investment, Kosovo is going from bad to worse.

Political tensions have constantly prevented investors from coming and investing in our country by opening jobs and raising revenues for our budget.

But political decisions are also those that can create unnecessary trouble and intimidate investors. Finally, a decision made by the Kurti Government, where work for the country's hydro-power plants is banned, could lead the country towards a new economic downward, with fears of investors and millions of euros in debt.

Renewable Energy Association ( The ShER) in a letter to Prime Minister Kurti has shown very disturbing things, and he has also warned the indictment that our country can cost millions.

“No law, regulation or other nor other norm act has retroactive power or cannot be implemented via retroll damage to foreign investor or foreign investor investment. If, the foreign investor has made an investment in the Republic of Kosovo, and within the period of 5) years, immediately after making investment, any provision of this law is changed or reduced, and this has a negative impact on the foreign investor or its investment, Then foreign investor has a right to compensation from Government of the Republic of Kosovo According to Article 8 paragraph 2. of this law, for all the damage and expense that were caused by the change, the revocation, or the extraction of such an act. This privilege of foreign investor is granted to him and can be implemented immediately after making investment in the Republic of Kosovo.

Based on this, Article 2 and 44 of the Energy Buying Agreement contains the clause that the ongoing investor in arbitrage will be repaid for investment costs, but also for lost profitIt's written in that letter.

This association has declared it has passed all the filters of the country's institutions and are equipped with the necessary permits to conduct the works in the hydropower plant. Furthermore, they have also said their jobs have reduced the demand for energy from the Republic of Serbia, from which our country is still inevitably supplied. /Periscope

SHOCH PLOTRA SUFFECTION:

Through electronic media we have reportedly been told that a decision is expected to be made to ban the works of Hidrocentrals in Kosovo, where most of them are close to completion under legal conditions and deadlines.

Let us inform you that the plant construction process has begun since 2006, and in 2010 the first permits and authorisations for their construction have been given.

Their start is from the Energy Community obligations, and the Energy Community Council's Council of Ministers' decision on the appointment of obligations that have been decided Kosovo must meet by 2020.

The Ministry of Energy and Minings, first in consultation with the Energy Community Secretariat in 2007 and then in 2013 with Administrative Directions, has set the limits of the BRE, where small hydropower plants have given you room to 240 MW, not even half of them could be achieved.

EU directive no. 72 / 2009 has established that the process of building the BRE should be carried out through the authorization process. We as local project developers, with external partnerships, have started with necessary research and research, and after completing more than 20 permits issued by all institutions of the Republic of Kosovo, central and local, we have been equipped with construction permits and final authorisations.

Investments into these projects have had to be done through equity and bank loans, where for more than 2 years negotiations with banks we have managed to get bank loans with high interest rates.

Projects have been built, or are being built mainly in disused mountain areas and with minimal social and environmental impacts, exclusion of any particular project that could have any impact even though they were built away from drinking water sources.

The purpose of Kosovo's state was initially to reach the goals and develop the energy sector and build hydropower plants and wind and solar projects was the main goal and goal. We as a company with international partnerships from USA, Austria, Germany and Slovenia, and so on, after many difficulties we have managed to start and build these projects even though the cost of their investments was quite high, and the return of investments could come after the 8th year of generation, while the contract is only 10 years.

Furthermore, after many discussions and the EBRD and the IFC have also managed to secure the Energy Buying Agreement, which has been linked to COST, and this agreement has become “bank”, where commercial banks have also begun funding us despite difficult conditions for collateral coverage we have entered contractual relations with banks, while our foreign investors have protection from their countries.

Any decision that can be made now, when most of the work has been completed, except any specific project, would have major legal and contractual consistency, as each investor in Kosovo is protected even through the No. Investment Law. 04/L-220 where at Article 6 pars. 2 Strengthening investor protection as follows: