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In the Kosovo Government meeting on Thursday, Kosovo Prime Minister proposed the privatization of Kosovo's electricity distribution network. It was decided at the meeting that from the current distribution assets of electrical energy in KEK, a new company will be established for the distribution and provisioning of electricity, which will then be privatized.
The overall restructuring of KEK will split the current company
into divisions: mining, power generators Kosova A and Kosova B,
distribution, billing and collection. Kosova C, the new power plant the
project for which has yet to be finalized and will be built and
operated privately, will meet all national demand and allow for export
depending on the size of the final project.
“In KEK so far have been invested EUR 1,192 billion and as a
result there are still power cuts,” said Kosovo Minister of Economy and
Finance, Ahmet Shala, explaining why they had come up with the decision.
International Civilian Office / European Union Special
Representative Pieter Feith criticized Kosovo institutions last week
for failing to proceed with the privatization of Kosovo’s inefficient
public companies, including the airport, the power company and the
post-telecom.
In its meeting, the government also approved the Bill for
Financial Leasing. This bill regulates financial licensing of assets
and specifies the rights and obligations of those involved in financial
leasing transactions. The bill is in accordance with European Union
legislation and takes account of the financial impact of its
implementation, Kosovo PM's office reported.
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