World Bank will not support new coal power plant in Kosovo

11/10/2018 09:03 Coal

news

President of the World Bank Group Jim Yong Kim confirmed that the international organization will not support a coal power plant in Kosovo.

The Kosovo government stated in 2015 that the Ministry of Economic Development reached an agreement with the World Bank and US company Contour Global that would pave the way to a contract for building the plant.

 

In 2016, the World Bank told BIRN that they would only support the project after all relevant environmental, social, and technical analyses were conducted, and after consultations with the public and other shareholders.

 

After the Kosovo government signed a 1.3 billion euro-worth contract with Contour Global, the Kosovo Civil Society Consortium for Sustainable Development, KOSID, said that “the project would undermine Kosovo’s European future,” and that the government should work on developing efficient energy in Kosovo.

 

 

Due to the high cost of its construction, if the plant were to be built, Kosovo citizens would have to pay 50 per cent more for their energy bills, and that there would be a significant impact on the environment due to the burning of lignite as fuel.

 

Prime Minister of Kosovo Ramush Haradinaj said earlier this year that the plant had to be built despite environmental dangers, in order to produce energy locally.

Source: prishtinainsight.com

Daily (18.06.2019): NBP day-ahead climbed by 6.5% on Monday, due to an undersupply in the system and reshuffle of flows

18/06/2019 09:49:00

Crude oil prices declined on Monday weighed by fears of an economic growth slowdown amid international trade disputes between U.S., China and India. However, the recent attack on two oil tankers in the Middle East limited losses. As a result, Brent crude dropped by 1.7% to $60.94 a barrel, while WTI futures lost 1.1% to settle at $51.93 a barrel.

<READ MORE

Scotland grants marine approval to 800-MW Moray West wind farm

18/06/2019 08:42:00

Scotland has given a marine licence to the roughly 800-MW Moray West offshore wind project in the outer Moray Firth Zone, the government announced on Friday.

READ MORE

Serbia's MK Group to build 8.1 mln euro biomass-fired power plant

18/06/2019 08:39:00

Serbian diversified conglomerate MK Group said on Monday that it plans to invest 8.1 million euro ($9.1 million) in the construction of a biomass-fired power plant in Vrbas, in the northern part of the country.

READ MORE