The contract with Contour Global goes to Arbitration

Prishtina, 01.12.2020 –
The Ministry of Economy and Environment has received the notification from the International Arbitration Court (International Center for Settlement of Investment Disputes), through which we have been notified about the opening of the dispute with the investor Contour Global.

On 24.05.2020 it was foreseen to make the Financial Closing of the Power Plant project “Kosova e Re/New Kosova”. This was not achieved in time and after the failure of several attempts to resolve the dispute by agreement, the request for arbitration was filed in the International Court of Arbitration by the investor Contour Global.

The Government of Kosovo, respectively the Ministry of Economy and Environment, in cooperation with the State Advocacy has taken measures to follow this process and to protect the case in the best possible way.

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