Government pays 40m euros for electricity in the north

Government pays 40m euros for electricity in the north

The Kosovo government has made a 40m-euro payment decision for obligations related to the spending of electricity in the four Serb majority northern municipalities. Finance and Transfers Minister Iron Murati has proposed that 40m euros be earmarked for the COST company. He said 40 million is [...]

Finance and Transfers Minister Iron Murati has proposed that 40m euros be earmarked for the COST company.

He has said that 40 million are being split so that the agreement can be continued with the ENTSO-E, the European Transmission and Market Network, and the obligations that come out of this agreement are respected.

The COST company is going through financial difficulties because of its obligations to NTSO so that we can continue to be in the same regulatory block and implement the agreement that has been on for two years and now it is time to continue. The demand has been supported by public enterprises, the allocation of 40m euros” is approved, Murati said.

The Kosovo Assembly had earlier authorised COST to cover electricity deviations in Kosovo's four northern municipalities, exploiting revenues from its own budget, tools that would be compensated for “from distribution or any other possible” mechanism, with which 11m euros were earmarked.

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