Independent Balkan News Agency

Agreement signed for the construction of “New Kosovo” thermal power plant

Agreement signed for the construction of “New Kosovo” thermal power plant
The government of Kosovo has signed an agreement with US company, Contour Global for the construction of “New Kosovo” thermal power plant.

Based on this agreement, the power plant will have a bloc of 500 megawatts and will cost 1.3 billion euros.

Contour Global will secure 30% of the project’s value and the loans provided by international financial institutions, by making this the biggest investment ever made in Kosovo.

“New Kosovo” thermal power plant is expected to become functional in 2023, while according to the agreement, the government of Kosovo will own the plant after 20 years without any cost.

Present in the ceremony of the signing of the agreement were leaders of the institutions of Kosovo, the ambassador of the US, Greg Delawie and other diplomatic representatives. /balkaneu.com/

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