13.07.2020

Prime Minister Hoti: Kosovo is a safe destination for investment

 

Mitrovica, 13 July 2020

 

The Prime Minister of the Republic of Kosovo, Avdullah Hoti, visited today the Wind Park in Selac of the municipality of Mitrovica, which is a project of “SOWI Kosova” LLC. Kosovo, German and Israeli joint venture for renewable energy production.

 

During this visit, Prime Minister Hoti was accompanied by the Ambassador of Germany in Kosovo, Mr. Christian Heldt and the Minister of Agriculture, Besian Mustafa, who five years ago initiated this project, when he was in other capacities.

“We are very pleased to see such a large investment in terms of the level of investment and consortia that have come together of German and Israeli investors, funded by banks such as the EBRD, Slovenian Bank and other investors, in a sector that is really of strategic importance for the country. “105 megawatts of electricity that will be put in use to the grid next year, is a very important investment for the country”, said Prime Minister Hoti.

Important, as Prime Minister Hoti pointed out, is the fact that they are investors with European and world names and that this is a very strong signal that Kosovo is a safe destination for investment and that the presence here together with the Minister and Ambassador is indicative of the company and the investor that they will have the support of the government, to facilitate all procedures, in order for the investment to be successful.

 

Prime Minister Hoti said he was impressed with the statistics that were presented, that the wind speed is higher, about 9 meters per second, which is greater than in many countries in Germany, which makes this project very feasible for the production of energy.

In the end, Prime Minister Hoti wished them success, adding that he expects them to be here together in April next year and to cut the ribbon of this very important project.

 

This wind energy project, set with high positive standards and environmentally friendly, aims at a total production capacity of 105 megawatts. This energy will be distributed in Vushtrri through the 110 kV transmission line 19 kilometers long, which is also part of the project investment and will be transferred to KOSTT. The project consists of 27 wind turbines with a total capacity of 105 megawatts. Notus Energy, General Electric and EBRD are also involved in its implementation.

This project is scheduled to be completed by April 2021 and will have a lifespan of at least 25 years. In the realization of this project will be engaged labor and will affect the alleviation of unemployment. Kosovo is targeting wind energy production capacity of 25 percent of total production capacity.