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

BP approves $1.3bn expansion of Atlantis oil field in Gulf of Mexico

09/01/2019 09:10:00

BP has approved the $1.3bn phase 3 development of the Atlantis oil field located in deepwater Gulf of Mexico, offshore US.

<READ MORE

Shell finalizes Hazira LNG stake buy from Total

09/01/2019 09:07:00

The Hague-based LNG giant Shell said Wednesday it completed the previously announced acquisition of 26 percent equity interest in the Hazira LNG regasification terminal in India from France’s Total.

READ MORE

German CO2 auctions set to resume in Feb: European Commission

08/01/2019 11:39:00

German auctions of carbon dioxide allowances are expected to resume in February, the European Commission said late Monday, after a halt since November 2018 due to licensing issues.

READ MORE