Prishtina, 19.12.2014 – Today, the Ministry of Economic Development, which chairs the Project Steering Committee (PSC) for TPP “Kosova e Re”, received the bids of prequalified investors for the construction of TPP “Kosova e Re”. A bid was submitted by the US-based prequalified investor Contour Global.

Bid Opening took place at 13:00, in the Bid Admission and Opening Committee, in the presence of representatives of Contour Global, Transaction Advisors, Project Implementation Unit and other stakeholders involved in this project.

The Project Steering Committee (PSC), under the chairmanship of Minister Blerand Stavileci, then held a meeting where participants were informed about the bid submission procedure by investors. In addition to Transaction Advisors and regular members of the PSC, the meeting was also attended by observer members, including the World Bank, EBRD, USAID, KfW, IFC, US Embassy, and representatives of publicly owned enterprises of the sector.

“The only form to ensure sufficient energy supply for our citizens is through the construction of this plant. Its construction will provide electricity supply from our generation, will eliminate outages and will reduce electricity imports, it will create opportunities for the closure of the power plant “Kosova A” and will improve the environment, as it will be built with the most modern technology”, said Stavileci.

Yesterday, on December 18, the Project Steering Committee (PSC) of the “Kosova e Re” Power Plant Project, chaired by Minister Stavileci, held its first meeting under the new composition, where the structure and project development process for TPP “Kosova e Re” was presented to the new members of the PSC.

Contour Global, based in New York, US, is an electricity and heating developer and operator. Contour Global owns, manages and operates a portfolio of 41 power plants with an installed capacity of 3.718 MW in operation and under construction. Contour Global portfolio extends to 17 countries and 4 continents.

The technical bid will be evaluated independently by the Transaction Advisor, Strategic Advisor and an Inter-institutional Evaluation Committee. MED will timely inform public regarding the next steps in the project.