Gazeta Express: Kosovo Government pledges to build new coal power plant without World Bank support11 October 2018 | 17:21 | FOCUS News Agency
Kosovo Minister of Economic Development, Valdrin Lluka, told the daily Koha Ditore that jointly with the investor the US consortium “Contour Global” they will continue working on implementation of this project as per the agreement. Kosovo’s government had asked the World Bank to provide partial risk guarantees to help unlock cheaper loans for the project. World Bank President Jim Yong Kim answering on Wednesday to a Kosavo civil society representative at a meeting of the bank and International Monetary Fund in Bali that they will not support such a project. In comments broadcast on the bank’s website, he said the institution’s rules required that it “go with the lowest cost option, and renewables have now come below the cost of coal ... so without question we are not going to do that.” But Kosovo Minister Lluka says Kosovo e will not make compromises and jeopardise country’s power supply. “As Minister responsible for energy, I will not allow that Kosovo depends on imports of energy,” he said noting that Kosovo has extraordinary potential to generate energy, not only for Kosovo needs but also to export. Kosovo signed a deal in 2017 with ContourGlobal to build the plant at a cost of around 1 billion euros, and Lluka told media on Wednesday that the company is looking for alternative options of lending the funds to build the power plant.
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