Kosovo Power Project (WB-P118287)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Kosovo
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
PROJECT COMPANY TBD VIA COMPETITIVE TEND
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 2,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Nov 15, 2018

Disclosed by Bank Jul 27, 2011


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Project Description

According to bank documents, the Government recognizes the urgent need for a functioning electricity system and is implementing the Energy Strategy of Kosovo (2009-2018) (issued by the Government in September 2009) that shifts its approach to energy generation, distribution, and management.The Strategy aims to: (a) reduce the sector’s carbon dioxide emissions per megawatt-hour produced, (b) significantly reduce local air pollution, (c) manage end-user demand and create an enabling environment for energy efficiency by instilling payment discipline, and (d) facilitate private sector investment in generation as well as in other sectors of the economy.

The project aims to reduce the environmental impact of electricity generation and strengthen security of supply in Kosovo in an economically efficient, environmentally sustainable, and a carbon-neutral manner.

Investment Description
  • World Bank (WB)
Contact Information

Project Contact: Scott Sinclair
Lead Financial Officer, World Bank 
Telephone No./Fax No.: (202) 473-9157; (202) 614-0458
Email Address: ssinclair@worldbank.org

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.