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Opportunities for Investment in the Kosovo Energy Sector – US-Kosovo Investment Forum – Republika e Kosovës Republika Kosova-Republic of Kosovo Qeveria.

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Presentation on theme: "Opportunities for Investment in the Kosovo Energy Sector – US-Kosovo Investment Forum – Republika e Kosovës Republika Kosova-Republic of Kosovo Qeveria."— Presentation transcript:

1 Opportunities for Investment in the Kosovo Energy Sector – US-Kosovo Investment Forum – Republika e Kosovës Republika Kosova-Republic of Kosovo Qeveria - Vlada - Government MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING M I N I S T E R Presented by Mrs. Justina Shiroka-Pula New York, 27 October 2010

2 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING I.Country profile II.Energy Sectors’ Goals III.Government Policy and Strategy IV.Legal and Regulatory Framework V.Public Investment in the Energy Sector VI.Required Investment and Expected Outcomes VII.Challenges and way Forward CONTENTS ON ENERGY SECTOR

3 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING Kosovo, is located in center of the Balkans. Bordered by Macedonia, Albania, Serbia and Montenegro, Kosovo became fully independent in February Land Area: 10,887 km2 (4,203 square miles). Land Use: Agriculture (53% of which 40% unutilized), Forest (41%). Other (6%) Population: Approximately 2.1 million, including approximately 450,000 diaspora. People: 90% Albanians, 8% Serbs, 2% others (Croats, Roma, Turks). Demographics: 49.9% female, 50.1% male; average age 25 years – mode 23 years. Literacy rate: 89.8% female, 97.7% male. Government: Kosovo became independent on 17th February Currency: Euro. Per capita GDP (IMF, 2010 estimate): $2,750. Unemployment: 42% (an average that takes account of seasonal plus part-time/casual etc). Major industries: Agriculture, Energy, Mining. As % of GDP:- Primary Agriculture 7%, Mining and Manufacturing 12.5%, Services 63%(real estate, public admin., insurance...etc) Imports: €2,060 million (2008 projected). European Union (36%), Macedonia (20%), Serbia (11%), China (8%) Exports of goods and services: €419 million (2008 projected). – EU (37%), Macedonia (10%), Albania (10%) I. Country Profile

4 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING II. Energy Sectors’ Goals 1.Least cost quality energy security of supply 2.Enhancing energy efficiency of the economy 3.Development of renewable energy 4.Introducing environmentally friendly technologies and protection of environment 5.Integration in the EU’ energy systems

5 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING II. Energy Sectors’ Goals – cont’d  Introducing environmentally friendly technologies in the energy sector is among key priorities of the Government  Under the EnCT, Kosovo is committed to comply with the EC acquis on environment  Advanced technologies in utilization of lignite for power generation are welcomed in Kosovo  Energy efficiency measures and development of renewables will contribute to protecting the environment

6 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING III. Government Policy and Strategy 1.Policy: Reform and restructure the energy sector in line with the EU acquis Open for private investment through ‘win-win’ partnerships Open, transparent and competitive tendering procedures Incentives for renewables – feed-in tariffs, etc. 2.Strategy: Develop new lignite-fired power generation capacity – in full compliance with EU’s acquis Develop hydropower and other renewables generation, and promote energy efficiency, and cogeneration Develop/upgrade power transmission and distribution systems

7 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING IV. Legal & Regulatory Framework  Laws on: (i) Energy, (ii) Electricity, (iii) Energy Regulator, (iv) Energy Efficiency, (v) Natural Gas, (vi) District heating, (vii) Concession & Public Private Partnerships  Regulation: (i) Cost recovery tariff policy, (ii) Predictable and stable regulatory environment, (iii) Basic regulatory framework is adopted by the ERO, in fully compliance with the EU acquis,  Kosovo is one of the Contracting Parties of South East Europe Energy Community Treaty

8 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING V. Public Investment in the Energy Sector Public investment are focused in: Upgrade and development of a compressive power transmission network Development of power interconnectors with the countries of the Western Balkans, including Albania and Macedonia Maintenance of existing power generation capacities Upgrade and development of district heating Promotion of renewables and energy efficiency

9 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING VI. Required Investment and Expected Outcomes Major ongoing private investment opportunities include: 1.New Lignite-fired Power Plant “Kosova e Re”, including rehabilitation of TPP Kosova B; 2.Privatization of Electricity Distribution and Supply functions of KEK JSC 3.Power transmission network development 4.Construction of the Hydro Power Plant (HPP) “Zhur”

10 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING VI. Required Investment and Expected Outcomes – cont’d Other ongoing and identified private investment opportunities include: 1.Construction of several new small HPPs; 2.Development of other renewable based power plants (wind, biomass, etc.); 3.Development of Combined Heat and Power to supply heat to Prishtina District Heating

11 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING VII. Challenges and way Forward 1.Completion of the regulatory framework and comprehensive energy market model in line with the EC acquis 2.Completion of preparatory processes required for conducting open and transparent tendering processes for concessioning of energy resources for private investment 3.Enhance billing & collection discipline in electricity and heat supply 4.Promote serious private investment, particularly from the USA

12 MINISTRIA E ENERGJISË DHE MINIERAVE MINISTARSTVO ENERGIJE I RUDARSTVA MINISTRY OF ENERGY AND MINING Thank You !


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